Banco do Brasil inicia testes com plataforma para interação com o Drex

Banco do Brasil (BB) announced this Wednesday (26th) the start of testing for a new platform aimed at facilitating interaction with Drex, the Central Bank's digital currency. The information was released during Febraban Tech, a financial system technology and innovation event taking place in São Paulo.

The platform, initially intended for employees in the bank's business areas, simulates operations such as issuance, redemption, and transfer of Drex, as well as transactions with tokenized federal public bonds. According to BB's statement, the solution allows for testing the use cases planned for the first phase of the Central Bank's digital currency pilot project in a “simple and intuitive manner”.

Rodrigo Mulinari, BB's Technology Director, emphasized the importance of familiarization with these procedures, as access to the Drex platform will require an authorized financial intermediary.

The test is part of the Drex Pilot, the digital currency experimentation phase. The first stage, concluding this month, focuses on validating data privacy and security issues, in addition to testing the platform's infrastructure. The second phase, scheduled to begin in July, will incorporate new use cases, including assets not regulated by the Central Bank, which will also involve the participation of other regulators, such as the Securities and Exchange Commission (CVM).

This initiative by Banco do Brasil represents a significant step in the development and implementation of the Brazilian digital currency, demonstrating the banking sector's commitment to financial innovation.