Brazil just moved a crypto ETF into market plumbing Wall Street still wants opened

Brazil's B3 exchange has successfully integrated a crypto-index ETF, HASH11, into its central clearing and settlement infrastructure through a guaranteed over-the-counter (OTC) flexible option. This milestone places crypto-linked assets directly into the same institutional risk-management machinery that Wall Street firms, such as BlackRock, are currently petitioning U.S. regulators to open for tokenized assets. By leveraging a history of rapid financial innovation—exemplified by its Pix payment system and early adoption of crypto-linked investment vehicles—Brazil has established a functioning model for institutional crypto integration that highlights the widening gap between its established market infrastructure and current U.S. regulatory discussions.

(Source：CryptoSlate)