A token is a digital encrypted registration of an asset. Many assets can be tokenized, including financial assets such as receivables, currencies, commodities, derivatives, and non-financial assets like real estate and artwork. Within the scope of the platform, a token is the digital representation of the Asset, security, which is hereinafter referred to as Digital Security (“VDM”).

Yes. Although there is no legislation currently in force on the matter, Brazilian law does not prohibit it. Principles of the Economic Freedom Act (Law No. 13,874/2019) are used to allow for Tokenization.

Yes, for several reasons. Firstly, because it is digitally encrypted using modern protocols based on asymmetric techniques, with public and private keys, the same used with digital certificates, such as e-CPF and e-CNPJ.
Secondly, because it is more reliable than manual or human records from previous generation systems, the technology is automated using smart contracts – sets of pre-programmed instructions that avoid errors and inconsistencies.
Lastly, because the registry is decentralized and public, which means that you don’t depend on a single registrar provider for everything to work – you’re not in the hands of just one “black box” service provider.

Vórtx QR Tokenizadora is a trading platform resulting from the joint venture between Vértera Holding S.A., enrolled in the National Register of Legal Entities (CNPJ/ME) under No. 24.187.087/0001-16 (“Vértera Holding”, which is the holding company of Grupo Vórtx’s), and Quick Response Capital Serviços de Intermediação e Tecnologia Ltda., enrolled in the National Register of Legal Entities (CNPJ/ME) under No. 30.737.433/0001-95 (“QR Capital”, holding company of QR’s group), which is authorized to operate within the scope of CVM’s Regulatory Sandbox, pursuant to CVM Resolution No. 875, of September 30, 2021, as amended.

Vórtx QR Tokenizadora S.A. is a joint venture between Vértera Holding S.A., the controlling company of Grupo Vórtx, an infrastructure fintech for the capital market with more than half a trillion Brazilian reais (R$) in assets on its platform, and QR Capital S.A., a holding company in the blockchain and cryptoassets sector.
The companies were selected in October 2021 to develop, within the scope of CVM’s regulatory sandbox, the first regulated token-based trading platform for the capital market.

The project provides an infrastructure evolution for digitizing the intermediation activity of public offerings of securities, incorporating blockchain technology for safer, smarter and more transparent transactions.
For such, in this project, Vórtx QR Tokenizadora will be responsible for setting up and managing an organized securities market, while Vórtx DTVM will be responsible for registration, settlement and bookkeeping activities, among other attributions.

The registration of tokens is processed using blockchain technology, in a distributed way, by several nodes that form a network. Simply put, this means that the encrypted registry of assets exists at the same time inside every node of the network. It does not exist in one place and is accessible to everyone who connects to that network. When an operation is concluded, the information is sent to all the nodes in the network and confirmed by them. Finalizing an operation means digitally signing an asset transfer and recording it on the blockchain. Each confirmed transaction creates a new block, which is sequentially added to the blockchain.

Whitin the scope of CVM’s Regulatory Sandbox, tokenization of securities is limited to debentures and quotas of closed-end funds, certificates of real estate receivables (CRIs) and certificate of agribusiness receivables (CRAs), as well as certificates of deposit and real estate certificates backed by such securities.

Click on “Open your account” on the Tokenizadora homepage and complete your registration. After approval of the registration, in this same website, click on “Enter here”, log onto the platform (https://portal.vortx.com.br/) and choose the option “Access Tokenizadora”.
For the time being, within the scope of the CVM’s regulatory Sandbox, only professional and qualified investors, under the terms of CVM Resolution No. 30 of May 11, 2021, may participate in offers and negotiations carried out through the Platform.

Please send an email to onboarding@vortx.com.br with a full description of the problem.

Your tokens will be registered and linked to your wallet. To access your wallet, please access the Platform and, with one click, you will have access to your wallet’s entire position, indicating assets available, updated prices of assets, etc.

In the case of a Primary Offering, you can sell your tokens as soon as the Offering ends. For tokens already being traded in the secondary market, you can sell them when you see your tokens in your wallet by placing a sell Order and, in both markets, in accordance with the Platform’s Trading Rules available on the website.

To ensure the security and confidentiality of your wallet, Digital Securities (VMDs) can only be transferred to wallets created by Vórtx QR Tokenizadora on the Tokenizadora Platform. Therefore, the transfer will only occur between Tokenizadora Users. The private keys of these wallets will be held in custody on the Platform, providing you easy and secure access.

The Platform works as a virtual CVM-regulated OTC market. If you have one or more tokens in your wallet, you can place sell orders. If you have a balance in your account, you can place purchase orders. For more information, see Platform Regulations on the website.

No, it will depend on the issuing rules of the respective asset that was digitized, pursuant to the documents available on the website.

In the scope of CVM’s regulatory Sandbox, there is no lock-up period for trading the asset. Once the offer is closed, the token can be traded.

Payment of interest and principal on the token is carried out according to the issuing asset’s documentation and in accordance with the Platform’s Rules. For example, if it is a debenture, in the deed; if it is an investment fund quota, in the regulations. The funds will be credited directly to your platform account. At any time, you can also sell your token on the Platform if there is demand for your asset.