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Central Bank Delays Implementation of Drex Features. Change of Course in the Digital Real Project Delays Blockchain Tests and Prioritizes More Immediate Credit Solutions.
The Central Bank delays implementation of Drex features, Brazil’s digital currency under development, and decided to change the way it conducts upcoming tests. The monetary authority will set aside, for now, the blockchain-based model (DLT) and concentrate efforts on systems already used in the financial market. The priority now will be the creation of a credit guarantee reconciliation solution, expected to be operational by 2026.
The decision represents a step back in the experimental phase, but according to experts, aims to ensure faster and safer results for consumers and financial institutions. Still, the Central Bank delays implementation of Drex features at a time when there is growing expectation about the digitization of money.
Why Did the Central Bank Change the Drex Plans?
Drex was designed to be a programmable money, capable of automating transactions when certain conditions are met. This logic would allow, for example, the purchase of a car to be completed digitally only after the official transfer of the vehicle.
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However, the blockchain technology chosen for the initial tests showed privacy, scalability, and cost challenges, which led the Central Bank to temporarily backtrack. The new phase of testing will use traditional infrastructures already consolidated in the financial system, focusing on credit secured by assets such as real estate, vehicles, and investments.
What Has Been Tested in the Drex Project?
Since 2023, Drex has undergone two rounds of testing. In the first, points of privacy and programmability were evaluated in operations involving public securities. In the second, which ended in July 2025, 13 use cases were simulated, such as tokenization of real estate, vehicles, debentures, and green assets.
The results showed progress, but also the need for technical adjustments. Companies such as Evertec, BBChain, Parfin, and Tecban actively participated, evaluating everything from interoperability between networks to the use of digital guarantees in credit operations and foreign trade.
What Are the Next Steps for Drex?
The Central Bank delays implementation of Drex features, but has not abandoned the blockchain model. The institution emphasizes that DLT should return in future phases when the technology is more mature and adapted to the demands of the Brazilian financial system.
The short-term goal is to launch in 2026 a practical solution to reduce the cost of credit, providing more security to consumers and businesses. The report from phase 2 of the tests will be released in October, when the Central Bank is expected to detail the official next steps for the project.
The Central Bank delays implementation of Drex features, but relies on a gradual strategy to ensure efficiency and safety. The expectation is that, even with the change of course, the digital real will continue to advance towards a more modern and accessible financial system.
And you, do you believe this delay could also hinder innovation in Brazil, or do you think it is better to ensure security before moving forward? Share your opinion in the comments.
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