The race towards the digitization of the economy gains a new chapter with the arrival of drex, also known as the new “Real Digital”, a bold innovation developed by the Central Bank of Brazill.
Just as Pix transformed the way we conduct financial transactions in 2020, Drex promises to revolutionize the investment world and open doors to a range of innovative opportunities.
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Scheduled for release in late 2024, Drex is not just a digital currency, but an infrastructure that promises to bring money and financial assets together in one place, paving the way for a new era of financial products and investments.
The name change from “Real Digital” to “Drex” is not just semantic, but symbolic. While the pixrevolutionized money transfers, Drex promises to go further by integrating cash and assets financial assets such as shares, debentures, government bonds and even certificates of ownership of real estate and automobiles.
The creation of such a comprehensive infrastructure has the potential to create a range of benefits for all participants in the financial market, from issuers to investors, in addition to catalyzing innovation and the creation of new instruments financial.
(Image: Shutterstock/reproduction)
One of Drex's most exciting features is its promise to allow investment and redemption of financial products any time of day, every day of the week.
Just as Pix released time restrictions for transfers, Drex aims to offer the same freedom to invest and redeem investments.
The technology behind Drex allows the exchange of information in real time, automating processes that used to be slow and manual.
Bank reconciliation, often a bottleneck for financial transactions, will be simplified and streamlined with the implementation of “smart contracts”, smart contracts that guarantee the fast and accurate execution of transactions.
Drex also promises to unlock efficiency gains and open up new possibilities for the financial market. The issuance of financial assets, such as debt by companies, can become more accessible and cost-effective, resulting in greater potential returns for investors.
Asset tokenization, a rising trend, is set to benefit significantly from Drex offering financial products with high rates of return and greater liquidity.
Drex has the power to transform the way we interact with the financial market. It will allow for new arrangements, such as the use of shares as collateral for loans, the possibility of buying small stakes in real estate through tokens, perform safer and more innovative commercial transactions and a lot more.
The technology behind Drex, based on blockchain-like concepts, will provide trust and security for these transactions, creating an enabling environment for the financial innovation.
As Brazil prepares to enter this new financial era with Drex, the world is watching the actions of the Brazilian Central Bank. Real Digital promises not only to enhance existing financial products, but also to open doors to the creation of exciting new investment instruments.
The expectation surrounding the launch of Drex is that it can offer as significant a leap to the financial market as Pix brought to the daily transactions of Brazilians. The financial revolution is in sight, and this technological innovation is the beacon that will guide this promising future.
