The future of B3: tokenization, sustainability, and global integration
The future of B3: tokenization, sustainability, and global integration
B3’s future focuses on three pillars: scaling asset tokenization, expanding sustainable product offerings, and strengthening its global footprint. Pilot projects are already underway with tokenized securities, blockchain integration, and the development of new digital instruments.
B3 is also working to internationalize its services, attract global issuers and investors, and launch thematic indexes focused on climate, diversity, and governance. Its digitization efforts and cross-border interoperability aim to position it as a leader in sustainable finance worldwide.
A Brazilian exchange connected to the world
With over 130 years of history, B3 is now a modern, resilient financial hub for Brazil and Latin America. Its innovation and impact-driven agenda align markets, technology, and sustainable development as key pillars of growth.
2024: Expansion of tokenized assets
2025: ESG standards adopted for new issuances
2026: Integration with global trading hubs
2027: B3 recognized as Latin America’s ESG finance leader
Future: A digital, green, global Brazilian exchange
B3’s story reflects Brazil’s journey toward a robust, tech-driven, and forward-looking capital market built for the 21st century.
The history of the Bolsa B3 in Brazil is a story of modernization and integration, as technological advances and regulatory reforms have transformed it into one of the most influential exchanges in Latin America.
Technological innovation, new products, and financial inclusion
Technological innovation, new products, and financial inclusion
B3 is known for its ongoing technological innovation. Its electronic trading platforms—like the PUMA Trading System—offer high performance and reliability. It leads open finance initiatives, AI-driven solutions, and data integration tools for smarter investing.
Its product portfolio spans stocks, ETFs, REITs, debentures, futures, options, financial bills, CRIs, and CRAs. B3 also registers private assets and provides services for banks, asset managers, and fintechs. The rise of ESG products, including sustainable ETFs and green bonds, reflects its commitment to a greener future.
Education, accessibility, and the new investor profile
In recent years, B3 has pushed financial education through platforms, podcasts, gamified tools, and free courses. This has expanded retail investor participation—particularly among young people and women—and helped build a culture of long-term investing in Brazil.
2019: Launch of the “Education Hub”
2020: Record growth in retail investor numbers
2021: Partnerships with schools and universities
2022: Launch of impact-focused financial products
2023: Expansion of the digital finance ecosystem
These actions make B3 a driving force for democratizing capital markets and transforming Brazil’s financial sector through digital innovation.
Foundation, institutional evolution, and market unification
Foundation, institutional evolution, and market unification
B3’s story began with the creation of the Bolsa Livre in 1890, which later became the São Paulo Public Funds Exchange and eventually Bovespa. Throughout the 20th century, the exchange expanded alongside Brazil’s industrial, infrastructure, and banking growth. Open outcry sessions were the heart of trading, focusing on major national companies.
In the 2000s, key mergers occurred with BM&F (Mercantile and Futures Exchange), which handled derivatives markets. In 2017, B3 was created through the integration of BM&FBOVESPA and Cetip, bringing equities, derivatives, fixed income, and asset registration into a single, unified platform.
Regulation and role in the financial system
B3 is regulated by the Brazilian Securities Commission (CVM) and the Central Bank. It operates as a central depository, clearinghouse, and central counterparty, ensuring transparency and security in millions of daily trades. Its systemic importance makes it a cornerstone of Brazil’s economy.
1890: Bolsa Livre founded
2008: Bovespa merges with BM&F
2017: B3 is formed with Cetip integration
2020: Becomes one of the world’s largest exchanges
2023: Expands into digital assets
These milestones positioned B3 as a benchmark for governance, technology, and stability across Latin America’s financial markets.
Last Update
31.3.25
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THE HISTORY OF B3 – BRAZIL’S STOCK EXCHANGE
B3 (Brasil, Bolsa, Balcão) is one of the leading financial market infrastructures in the world. Its roots trace back to the founding of the São Paulo Stock Exchange (Bovespa) in 1890, followed by key mergers, technological modernization, and global expansion. This article explores its origins, consolidation, and strategic role in Brazil’s capital markets.