The institutional standard 
of the on-chain Real

BRLV is Crown's stablecoin, pegged 1:1 to the Brazilian Real and designed as the institutional settlement standard for the on-chain economy. Its reserves consist entirely of federal government bonds, the safest and most liquid assets in the market. We have established a global benchmark for legal certainty: we are the world's first stablecoin to guarantee holders direct, enforceable access to the collateral via a collateral agent in the event of issuer insolvency, eliminating counterparty risk through a bankruptcy-remote structure.

It means BRLV reserves are held within a structure with full asset segregation from Crown, eliminating any exposure to the issuer's insolvency risk. In the event of Crown's insolvency, an independent Collateral Agent holds the legal mandate to liquidate the government securities held in this segregated structure and distribute the proceeds directly to BRLV holders. This structure ensures the collateral is never affected by the issuer's obligations.

Reserves consist entirely of federal government bonds, the most liquid and lowest-risk assets in the domestic market. These assets are held in segregated custody at financial institutions regulated by the Brazilian Central Bank, ensuring that the circulating supply is always fully collateralized by sovereign risk.

We operate in strict compliance with Law No. 14.478/2022. Under the Banco Central do Brasil's new regulatory framework, we are in the process of filing for authorization to operate as a Virtual Asset Service Provider (VASP) in the broker-dealer modality — the most comprehensive license available — reinforcing our commitment to regulatory rigor.

BRLV reserves are audited and published daily on our website, on the Transparency page. Anyone can verify the equivalence between tokens issued and assets in custody, ensuring continuous proof of reserves.