Crown launches bond-linked Brazilian real stablecoin 'BRLV'

Crown, a Brazilian fintech company, launched the stablecoin 'BRLV' linked to Brazilian government bond yields, opening a channel for global institutional investors to access the domestic interest rate market.

On the 14th (local time), Cointelegraph reported that Crown recently raised an $8.1 million investment and issued a Brazilian real–pegged stablecoin collateralized by Brazilian government bonds. This stablecoin is notable because it provides a legal entry route into Brazil's bond market, which had been difficult for foreign investors to access due to complex tax rules and capital controls.

Currently, Brazil's 10-year government bond yield is about 14 percent, showing higher returns compared with major advanced economies. The Brazilian central bank's policy rate, 'Selic,' has been raised to 15 percent to curb inflation. Crown plans to secure stability and transparency by operating a real-asset-backed stablecoin collateralized by government bonds.

Crown co-founder and CEO John Delaney said, "Most stablecoin issuers take bond returns as their own revenue, but we have introduced a model that shares returns with institutional partners." Framework Ventures, Valor Capital Group, Coinbase Ventures, and Paxos participated in this funding round.

Brazil is already considered the most active stablecoin market in Latin America. According to Chainalysis, from July 2024 to June 2025 Brazil's virtual asset trading volume was $318.8 billion, of which over 90 percent was stablecoin trading. However, the Brazilian central bank warned that dollar-pegged stablecoins could increase volatility in capital flows and weaken monetary policy.

In Brazil, in addition to Crown's BRLV, other real-based stablecoins are in circulation, such as BRL1, which involves exchange Bitso, and BRZ, issued by Transfero.