Key Takeaways:
- Crown raised $8.1M to launch BRLV, a Brazilian real-pegged stablecoin backed by government bonds offering access to 10-15% yields.
- BRLV simplifies foreign investment in Brazil’s bond market by bypassing tax, capital control, and currency conversion hurdles.
- Brazil leads Latin America in crypto volume, with stablecoins making up over 90% of $318.8B in transactions between July 2024 and June 2025.
Crown, a São Paulo-based fintech, has raised $8.1 million to launch BRLV, a Brazilian real–pegged stablecoin backed entirely by government bonds.
The project aims to give institutional investors compliant, streamlined access to Brazil’s double-digit bond yields, which currently hover around 14%.
Crown raises $8.1M led by Framework Ventures to launch BRLV, a real-backed stablecoin for institutions pic.twitter.com/JAx3NbhC7C
— Blockworks (@Blockworks_) October 14, 2025
By tokenizing exposure to Brazilian debt, BRLV eliminates traditional barriers such as complex tax structures, capital controls, and currency conversion issues.
Crown CEO John Delaney said the model prioritizes security and transparency, as reserves are invested solely in government bonds.
Unlike many stablecoin issuers, Crown will also share reserve income with institutional partners through a revenue-sharing mechanism.
The funding round was led by Framework Ventures, joined by Valor Capital Group, Coinbase Ventures, and Paxos.
Brazil has emerged as a Latin American stablecoin leader, generating $318.8 billion in crypto transactions between July 2024 and June 2025, with over 90% involving stablecoins.
However, regulators have expressed concerns that stablecoins could increase capital flow volatility.
BRLV joins other real-backed tokens like BRL1 and BRZ, further strengthening Brazil’s role in digital asset innovation.