The digital real, the Brazilian CBDC, will have a wholesale purpose, and will not be used for retail purposes, per statements from the president of the Central Bank of Brazil, Roberto Campos Neto.
Banks will be able to issue stablecoins on their deposits and will develop a technology for that, they will have to invest, because they can make gains. And once they have that developed, the protocols for issuing stablecoins on deposits will basically be the same thing as for monetizing various other digital assets.
Campos Neto referred to mortgages and said that the implementation of a tokenization model could make paying or getting a reverse mortgage an easier task, reducing fees and also waiting times, and simplifying the paperwork involved in the task.the Brazilian Blockchain Network, a project that aims to build a common base for other institutions in the country to build their projects on top of it.