DEBT

Debt Tokenization

Receivables and structured debt converted into on-chain instruments, with contractual backing and an end-to-end traceable payment flow.

  • Receivables
  • CRI
  • CRA
  • CCB
  • FIDC

Structured debt with a traceable flow

A large share of Brazilian credit circulates in instruments that change hands through successive assignments, spreadsheets and scattered records. Tokenizing debt means giving each receivable, and each payment, a single record that is traceable end to end.

The platform structures the conversion of receivables, CCBs and securitization operations into on-chain instruments: the contractual backing remains, the payment flow is tracked token by token, and compliance is enforced by the contract itself.

For the originator, less friction in distribution and a single view of the distributed paper; for the investor, visibility into the backing and the flow that sustain the security.

How it works

  1. 01

    Backing analysis

    Assessment of the receivables or credit agreements: origination, collateral, performance and legal framing.

  2. 02

    Instrument structuring

    Definition of the right vehicle and security: CCB, CRI or CRA via a securitization company, or FIDC quotas.

  3. 03

    On-chain issuance

    The instrument is represented as a permissioned token (ERC-3643), with eligibility and limits at the contract level.

  4. 04

    Flow and settlement

    Payments and amortizations are reconciled to the token; the investor follows the paper's flow to maturity.

Instruments

The credit instruments the debt structure supports:

  • Receivables

    Trade notes, contracts and future payment flows: the raw material of structured credit operations.

  • CCB

    Bank Credit Note (Law 10,931/2004): an agile credit-origination instrument, the basis of many structured operations.

  • CRI

    Real Estate Receivables Certificate, issued by a securitization company under Law 14,430/2022.

  • CRA

    Agribusiness Receivables Certificate (Law 11,076/2004), for receivables from agribusiness chains.

  • FIDC

    Receivables Investment Fund (CVM Res. 175): a vehicle for receivables portfolios with distributable quotas.

Regulatory framework

The rules that frame structured debt and its distribution:

Law 14,430/2022
Brazil's securitization framework: governs securitization companies and receivables certificates.
CVM Res. 175/2022
Regulates investment funds, including the FIDC, and modernizes the credit-portfolio regime.
CVM Res. 88/2022
Frames smaller public offerings via investment crowdfunding, up to R$ 40 million per issuer.
Law 10,931/2004
Creates the CCB and gives legal certainty to bank credit origination.

References

Public references, cited by name. Citation does not imply registration, partnership, endorsement or an active offering.

Frequently asked questions

Notice

Forward Factory is an infrastructure platform for asset tokenization and does not provide investment advice, recommendations or counseling. The solutions described here do not constitute a public offering of securities. When a token represents a security, it observes the corresponding regulation, and the structuring of issuances adopts know-your-customer and anti-money-laundering (KYC/AML) procedures. Any offerings observe the applicable regulation of the Brazilian Securities and Exchange Commission (CVM), including CVM Resolutions No. 88 and No. 175. Past performance is no guarantee of future results; investments involve risk.

Shall we structure your asset?

Tell us the asset type and the estimated volume. We'll get back to you with the legal structure and the issuance path suited to your case.

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