Against the Grain: Crypto Company Advances in Central Bank Authorization

The Central Bank of Brazil published on Monday (21st) Announcement No. 45,986, which brings to light a significant development for the crypto sector: Onda Finance Sociedade Prestadora de Serviços de Ativos Virtuais Ltda. appears as an institution in the authorization process, in contrast to the exit of other companies in the sector from the country.

Onda Finance advances amid sector contraction

In recent months, the Brazilian cryptoasset market has seen the exit of major international players, as a result of stricter regulatory requirements and increased oversight. In this context, Onda Finance stands out by moving in the opposite direction, advancing in the process to obtain Central Bank authorization to operate as a virtual asset service provider (VASP).

The Central Bank’s announcement lists the names nominated for management positions at Onda Finance and opens, until September 30, a period for public comments on possible objections. This procedure is part of the integrity and technical capacity assessment stage for future administrators, a fundamental step in granting licenses to financial or related institutions.

Crypto regulation: challenging scenario and opportunities

The publication of the announcement comes at a time of intensified regulatory scrutiny over crypto companies in Brazil. Since the approval of the legal framework for virtual assets, the Central Bank has acted as the sector’s supervisory body, requiring companies to comply with governance, compliance, and transparency standards similar to those of the traditional financial sector.

Despite the challenging environment, the entry of new regulated players can help increase investor and user confidence. The pursuit of formal authorization demonstrates a willingness to meet local requirements and can open doors for strategic partnerships with banks and other financial institutions, as well as facilitate the offering of more sophisticated products in the Brazilian market.

Impacts for investors and the ecosystem

For investors, the possible approval of Onda Finance by the Central Bank could mean more secure options for trading and custody of cryptoassets. Regulatory oversight tends to reduce operational and governance risks, which are critical factors after episodes of failures and fraud at unregulated exchanges.

Moreover, the presence of authorized companies can strengthen Brazil’s image as a hub for digital asset innovation, attracting foreign capital and boosting sector competitiveness. However, the authorization process is rigorous and can take months, depending on the candidate’s history and structure.

Next steps and what to watch

The crypto community should closely follow the outcome of Onda Finance’s authorization process, which will serve as a gauge for the Central Bank’s willingness to foster a regulated yet innovation-friendly environment. The deadline for public comments on the nominees ends on September 30, after which the Central Bank will proceed with technical and documentary analysis.

The expectation is that, if approved, Onda Finance will serve as a reference for other companies interested in regularizing, contributing to the consolidation and professionalization of the Brazilian cryptoasset market.

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With information from BeInCrypto Brazil, September 2026.

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Alexandre Bianchi

Fundador da Bianchi Capital e do Zayion AI. ~10 anos no mercado de ativos digitais, autor de referência e presença na mídia.

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