Blockchain Rio 2025 Recap: 3 Signals of Crypto Momentum in Brazil
Olá!
Last week, industry leaders, policymakers, business owners, and enthusiasts met in Brazil for Blockchain Rio 2025, Latin America’s largest blockchain and digital asset conference. The conference gathered upwards of 20K attendees for three days of programming and networking. The event spotlighted the region’s growing role in the global crypto economy with key themes surrounding institutional adoption, regulation, and innovation.
Galaxy joined the event on-site as a Platinum Sponsor, engaging with investors, regulators, and fellow builders at our booth and in closed-door conversations. We were there to understand and support the next chapter of digital asset innovation in Brazil, while exploring ways to contribute meaningfully to its continued growth.
Here’s what stood out:
Institutional Adoption is Scaling: Brazil is leading Latin America’s digital asset economy. The region now accounts for 9% of global onchain transaction volume, with Brazil at the center. The stablecoin market is booming—over 90% of crypto transactions involve stablecoins, used primarily for payments and settlement. With over $400 billion in total onchain value, Latin America is now the second-fastest-growing region globally for crypto adoption. The story here is not speculative, it’s structural, functional, and increasingly institutional.
Regulatory Progress is Advancing: Brazil is on track to finalize a more comprehensive regulatory framework for digital assets by the end of 2025. The Central Bank of Brazil (BCB) is in final stages of developing its regulatory oversight framework for virtual asset service providers (VASPs), following the enactment of Brazil’s Virtual Assets Law (BVAL) in June 2023. The BCB’s approach reflects a commitment to fostering innovation, while ensuring market integrity, consumer protection, and alignment with international standards.
Innovation is Underway: Over the past decade, Latin America has seen a surge in the prevalence of neobanks and fintech platforms, dramatically expanding access to digital financial services across the region and laying the foundation for deepened crypto infrastructure and adoption. Now, this groundwork is enabling institutional momentum. In recent months, more than $40 million in assets, from private credit instruments to receivables, have launched onchain. These deployments are opening new pathways for institutional investors to access previously illiquid markets and signaling broader infrastructure maturity.
Galaxy in Brazil: A Long-Term Institutional Partner
In 2022, we partnered with Itaú Asset Management, the largest private asset manager in Latin America, to bring institutional-level crypto ETF products to the Brazilian market. In 2024, the IT Now Bloomberg Galaxy Bitcoin ETF (BITI11) grew 8000%, from under $2M to $125M+ in AUM. [1] In 2025, BITI11 is up ~20% YTD (as of 8/1), underscoring sustained demand and growing market maturity in the region.
Today, Galaxy is in active conversations with Brazilian banks, investment firms, fintechs, and financial institutions seeking a trusted partner to advise and integrate digital assets into their strategies. From liquidity and capital efficiency to strategic advisory, risk management, and education, Galaxy is the partner of choice for institutions shaping the future of finance in Brazil.
Next Stop: São Paulo
Galaxy will return to Brazil for the Digital Assets Conference Brazil, September 22-23, in São Paulo. Want to connect in advance or learn more about Galaxy’s presence in Latin America & the Caribbean? Contact our team.
Obrigado, Rio. Até logo.
[1] In 2024, the IT Now Bloomberg Galaxy Bitcoin ETF saw strong AUM growth driven by increased institutional demand, Bitcoin’s performance, rising ETF activity, and improved regulatory clarity. AUM totals fluctuate and there is no assurance that similar growth will persist.
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