Stablecoin dossierReturn to register

Record sog_st_brz

BRZBrazilian Digital Token

Also recorded as BRZ, Brazilian Digital Token, Transfero BRZ

Active

Lifecycle: Active
Issuance: Restricted
Reference target: Brazilian real
Primary organization: Transfero GroupNo additional recorded relationship
Launch: Not yet recorded
Redemption: Eligible Customers Only
Backing: Fiat and cash equivalents
Stabilization: Issuer redemption
Last review: 2026-06-15
Evidence: 3 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Brazilian-real stablecoin launched by Transfero in 2019 and backed one-to-one by reserves held through authorized financial institutions.

Name	Brazilian Digital Token
Symbol	BRZ
Aliases	BRZ, Brazilian Digital Token, Transfero BRZ
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_brz`
Route slug	`brz`
Record confidence	Medium
Last reviewed	2026-06-15

Name: Brazilian Digital Token
Symbol: BRZ
Aliases: BRZ, Brazilian Digital Token, Transfero BRZ
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_brz
Route slug: brz
Record confidence: Medium
Last reviewed: 2026-06-15

Record coverage

Section	Entries
Organizations	1
Sources	3
Reserve reports	1
Reserve components	1
Model-history events	1
Regulatory notes	0
Deployments	1
Issuer-control actions	0
Open questions	2
Events	1

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Transfero Group
Primary display role: Legal issuer
Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: 0 recorded yes · 0 recorded no · 1 not recorded
Blacklist capability: 0 recorded yes · 0 recorded no · 1 not recorded
Deployment control-event references: 0
Observed issuer-control events: 0
Relationship coverage: 1 recorded relationship

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Transfero Group	Company or corporate group	Not recorded in canonical data	Switzerland / Brazil operations	Legal issuer	Primary display	Not yet recorded	Not yet recorded	Active relationship

Company or corporate group

Transfero Group

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Not recorded in canonical data
Jurisdiction: Switzerland / Brazil operations
From: Not recorded
Until: Not recorded

Mechanism

How the asset works

Reference, backing, stabilization, exit, valuation, and yield remain separate facts.

Reference target: Brazilian real
Reference kind: Fiat
Comparison category: Other fiat currency
Target value: Not yet recorded
Reference methodology: BRZ is represented as one-to-one backed by Brazilian-real reserves with redemption through supported partners.
Public backing model: Fiat and cash equivalents
Canonical backing types: Bank Deposits
Reserve component categories: Bank Deposits
Primary stabilization mechanism: Issuer redemption
Recorded model description: Fiat Backed One to One Brl Reserves
Redemption / exit model: Eligible Customers Only
Valuation source: Public information is incomplete
Yield / rebase profile: None recorded
Classification notes: Active Brazilian-real stablecoin; exact issuing-entity allocation across Transfero group companies remains unresolved.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

Brazilian-real reserves held through authorized financial institutionsBank Deposits · Exact legal reserve holder and account allocation remain unresolved.

Reserve profile

Disclosure status	Issuer Transparency and Partner Disclosures
Backing types	Bank Deposits
Summary	BRZ is represented as one-to-one backed by Brazilian-real reserves held through authorized financial institutions.
As of	2026-06-15
Profile confidence	Medium

Disclosure status: Issuer Transparency and Partner Disclosures
Backing types: Bank Deposits
Summary: BRZ is represented as one-to-one backed by Brazilian-real reserves held through authorized financial institutions.
As of: 2026-06-15
Profile confidence: Medium

Redemption profile

Current status	Eligible Customers Only
Settlement asset	BRL
Eligible parties	Onboarded Transfero users or customers of supported regulated partners.
Retail access	Eligible Customers Only
Institutional access	Eligible Customers Only
Minimum amount	Issuer and partner dependent.
Fee	Issuer, partner, banking, and network fees may apply.
Settlement time	Issuer or partner processing dependent.
Regional limits	Onboarding and applicable Brazilian or other jurisdictional requirements apply.

Current status: Eligible Customers Only
Settlement asset: BRL
Eligible parties: Onboarded Transfero users or customers of supported regulated partners.
Retail access: Eligible Customers Only
Institutional access: Eligible Customers Only
Minimum amount: Issuer and partner dependent.
Fee: Issuer, partner, banking, and network fees may apply.
Settlement time: Issuer or partner processing dependent.
Regional limits: Onboarding and applicable Brazilian or other jurisdictional requirements apply.

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
Not yet recorded	Transfero	Reserve Disclosure	Bank Deposits	Medium

Transfero

Not yet recorded

Type: Reserve Disclosure
Assets covered: Bank Deposits
Record confidence: Medium

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Network record state	Standard	Public deployment category	Canonical deployment type	Operational state	Recorded status	Change or proposal state	Canonicality	Canonicality record state	Verification state	Contract identity state	Contract or identifier	Freeze	Blacklist	Control events	Notes
Ethereum	Specific network recorded	ERC-20	Issuer- or institution-supported deployment	Issuer Native Fiat Token	Active	Active	No separate change state recorded	Issuer-native deployment	Canonicality recorded	Source-linked record; identifier not recorded	Identifier not recorded	Identifier not recorded	Not yet recorded	Not yet recorded	0	Initial BRZ deployment coverage; additional current networks remain a open question.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

3 source identities · 3 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
BRZ Brazilian real stablecoin Published Not yet recorded	Transfero	Official documentation or product page Canonical: Official Website	Subject-controlled source	Primary source	Active Product, One to One Brl Backing, Regulated Partner Redemption, Entity Backing and Redemption	Archive index or wildcard	High
BRZ token stablecoin page Published Not yet recorded	Transfero	Official documentation or product page Canonical: Official Website	Subject-controlled source	Primary source	Brl Reserves, Authorized Financial Institution, Active Status, Reserve Custody and Current Status	Archive index or wildcard	High
BRZ transparency report Published Not yet recorded	Transfero	Reserve, assurance, or financial report Canonical: Official Report	Assurance or financial-report source	Primary source	Reserve Report, Redemption Route, Issuer Transparency, Reserve and Redemption Transparency	Archive index or wildcard	Medium

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Exact Legal Issuer and Reserve Holder	Current public materials identify Transfero as operator, but exact legal issuance and reserve-holder allocation across group entities is not fully normalized.	Unknown after review	High	2026-06-15
Complete Network and Contract Map	BRZ is multichain, but every current native, bridged, and legacy contract is not normalized in this batch.	Unknown after review	Medium	2026-06-15

Exact Legal Issuer and Reserve Holder

Current public materials identify Transfero as operator, but exact legal issuance and reserve-holder allocation across group entities is not fully normalized.

Value state: Unknown after review
Priority: High
Last checked: 2026-06-15

Complete Network and Contract Map

BRZ is multichain, but every current native, bridged, and legacy contract is not normalized in this batch.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-06-15

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

2026-06-15BRZ remains actively operated as a Brazilian-real stablecoinOther

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2026-06-15	BRZ remains actively operated as a Brazilian-real stablecoin	Lifecycle review	Status Review	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.