Drex is the Central Bank of Brazil's digital currency and financial infrastructure initiative, currently described through a permissioned pilot.
Reviewed · Sources (2)
How it works
The Central Bank describes a test platform for simulated digital-asset transactions settled in retail or wholesale Drex depending on transaction type. The Phase 1 report documents permissioned participants and smart-contract testing.
Backing
Pilot balances and the legal design depend on the form and test phase; this is not a private stablecoin reserve.
What the project says
The pilot tests settlement and programmable transactions with retail and wholesale forms of Drex.
The project
History
Drex is the Central Bank of Brazil’s digital currency and financial infrastructure initiative, tested in a permissioned pilot.
People and issuer
The Central Bank of Brazil leads the initiative with pilot participants.
Access and redemption
Availability depends on the central bank's pilot and participating institutions. A public trading market or retail token was not verified.
Transparency
The Central Bank publishes pilot reports; a pilot does not establish general public availability.
What to check
- Drex pilot plans and implementation may change; consult the central bank's current materials.
Sources (2)
Primary project, issuer, protocol, auditor or official material was reviewed for the described claims; this is not independent verification of all claims or current market access.