A digital token linked to the real is a crypto asset that seeks to track the value of the Brazilian currency on blockchain networks.

The idea is to allow users to move a balance denominated in Brazilian reals within a digital environment, without always depending on the same pathways used in traditional transfers or conversions.

This type of asset can be useful in contexts such as payments, remittances, receipts, or transactions between platforms, but it does not eliminate the need to review costs, liquidity, collateral, issuer, conversion conditions, and risks of the operation.

Before using a token linked to the real, it is worth understanding how parity is maintained, what reserves back the asset, how redemption to fiat currency works, and what information appears before confirming any transaction.

For those starting to explore digital assets, the belo app can help track options to receive, convert, and move money locally or internationally.

Why does a token that replicates the real exist?

Transferring Brazilian reals between countries through traditional channels involves timeframes and costs that vary depending on the institution, the amount, and the destination.

Converting currency at an exchange house adds a spread, travel, and limited hours. This friction created space for a digital alternative that represents the Brazilian currency on blockchain networks.

A digital token linked to the real is a crypto asset that seeks to maintain a 1-to-1 parity with the Brazilian real. 

For every token issued, the issuer maintains an equivalent reserve in Brazilian reals or highly liquid assets in reals.

This mechanism is similar to that of stablecoins like USDT and USDC, but with BRL as the reference currency. Anyone holding this token has a digital balance that tracks the value of the real, transferable to any compatible wallet.

USDT and USDC are stablecoins widely used as a benchmark for the dollar. A token pegged to the real serves a different need: operating in reals without relying on the traditional banking system for every transaction.

Main use cases

• People who need to operate in Brazilian reals without accessing the Brazilian banking system for each transaction.

• Freelancers who receive payments from clients in Brazil and prefer to avoid intermediate conversions.

• Travelers arriving in Brazil with a balance already denominated in the local currency.

Practical differences between tokens and traditional transfers

International bank transfers in reals involve costs and timeframes that vary depending on the institution, the amount, and the destination country. 

Sending the equivalent in tokens through a blockchain network may have different conditions, but fees and processing times also vary depending on the network and platform used. Before any transaction, check the values shown on the screen.

For those traveling to Brazil, the token can function as a store of value already denominated in reals. You convert to reals at your destination using Pix, according to the features available in your wallet.

Users of digital wallets that offer Pix can see on the app how to convert digital assets to reals. On belo, these options are available directly on the app screen.

If you receive payments in a currency more volatile than the real and need to preserve purchasing power for a future expense in BRL, keeping part of your balance in a token linked to the real can reduce exposure to fluctuations in the original currency, but conditions vary by issuer and platform. Review the information displayed before confirming.

Risks of tokens pegged to the real

The 1-to-1 parity depends on the credibility of the issuer. If the company that created the token does not maintain sufficient reserves, or if these reserves are in illiquid assets, the token could lose parity in times of redemption pressure.

Verify if the issuer publishes independent audits of reserves, how often, and by which auditing firm.

When you hold tokens on a platform, you are trusting that it has robust security practices and that your assets are segregated from the company's assets.

Crypto asset custody follows a different regime compared to the traditional banking system, with guarantees that vary from platform to platform.

Tokens linked to the real are treated as digital assets by most jurisdictions. Gains on conversion may trigger tax obligations. 

Consult an accountant or official source before executing significant amounts. Do not make tax decisions based solely on blog content.

Comparison: token linked to the real vs. traditional bank transfer

Aspect · Token linked to the real · Traditional bank transfer

Operating hours · 24/7, any day · Business hours, business days

Settlement timeframe · Varies by network and platform · Varies by bank and destination (hours to days)

Costs · Vary by network and platform · Vary by bank, amount, and destination

Fund guarantee · Depends on the issuer and the platform · May be protected by a guarantee fund

Regulation · Varies by country and asset type · Regulated by the Central Bank

How to test without risking your budget

A more cautious approach is to start with a small transaction, just to understand the entire flow in practice.

Choose a platform that publishes clear information about custody and reserves. Before moving larger amounts, review the costs, timeframes, conversion conditions, and limits displayed on the screen.

You can test a simple transaction to understand how the network, costs, and processing times work.

If there is a conversion to reals via Pix, check the final amount received and compare it with the initial balance to understand the cost of each step. To learn about the options available on belo, visit the guide on how to add money in the help center.

Before scaling up any operation, go through this checklist:

• Confirm if the token issuer publishes proof of reserves audited by independent third parties.

• Enable two-factor authentication in your wallet and review how the platform secures and segregates user funds.

• Consult the tax regulations of your country to understand potential tax liabilities.

• Keep records of every transaction completed.

Want to explore how to move and convert digital assets more clearly? Download the belo app and check the features available for your account and country. For specific questions, the help center is available.

Frequently asked questions about digital tokens linked to the real

How does a token linked to the real maintain parity with the currency?

The issuer maintains reserves in reals or highly liquid BRL assets equivalent to the total value of tokens in circulation. Arbitrage mechanisms between platforms help correct price deviations when they occur, but parity fundamentally depends on the issuer's solvency.

Can I lose money even with a token pegged to the real?

Yes. if the issuer does not maintain adequate reserves, or if the platform suffers security issues, there is a risk of loss. Treat these assets as a tool for specific transactions, not as a long-term reserve.

Are tokens linked to the real regulated in Brazil?

There is no specific consolidated regulation for stablecoins pegged to the real in Brazil. The Federal Revenue Service requires tax declarations for crypto assets above certain limits. Consult an accountant or official source to understand the obligations that apply to your situation.

Can I use tokens pegged to the real to pay bills in Brazil?

Not directly. You need to convert the token to reals on a platform that offers exits via Pix or bank transfer, and then use those reals for payments. Check the belo payment guide to see which options are available for your account.

What is the difference between a token linked to the real and an offshore account denominated in reals?

The token circulates on blockchain networks and can allow transfers outside of business hours to any compatible wallet. An offshore bank account in reals depends on the traditional banking system, with its own processing times and procedures. Conditions vary depending on the platform and method used.