A new stablecoin platform, Crown, has secured $8.1 million in funding to launch BRLV, a Brazilian real-denominated token designed to provide institutional investors with access to the country’s high-yield fixed-income market. This move aims to make it easier for global investors to capitalize on Brazil’s double-digit interest rates, often hindered by local regulations and capital controls. 10-year Brazilian government bonds yield around 14%, a number significantly higher than those in more mature economies, making Brazil an attractive sovereign bond market. Crown explains this is a result of the Central Bank of Brazil’s efforts to combat inflation through its Selic rate, currently at 15%. To simplify access, Crown plans to issue a tokenized version of the real backed by Brazilian government bonds, allowing investors to hold BRL-linked assets digitally.