Brazil Blockchain Technology Market Overview

The Brazil blockchain technology market reached USD 1,028.2 Million in 2025 and is projected to surge to USD 187,968.7 Million by 2034, expanding at an exceptional CAGR of 78.38% during 2026–2034, according to IMARC Group. This rapid growth is driven by increasing adoption of blockchain across banking, fintech, supply chain, healthcare, and government services, along with rising investments in digital transformation. Supportive regulatory initiatives, growing demand for secure and transparent data management, and expanding use cases such as smart contracts, digital identity, and tokenization are further accelerating market expansion in Brazil.

Study Assumption Years

• Base Year: 2024
• Historical Year/Period: 2019-2024
• Forecast Year/Period: 2025-2033

Brazil Blockchain Technology Market – Key Takeaways

• The Brazil blockchain technology market reached USD 1,028.2 Million in 2025 and is forecast to surge to USD 187,968.7 Million by 2034, registering a robust CAGR of 78.38% during 2026–2034.

• Favorable regulatory developments and increasing government support are creating a strong foundation for large-scale blockchain adoption across Brazil.

• Rising demand for secure, transparent, and tamper-proof digital transactions is significantly driving market growth.

• Widespread adoption across sectors such as banking, fintech, supply chain, healthcare, and public services is accelerating market expansion.

• Blockchain technology is enhancing operational efficiency by streamlining processes, reducing intermediaries, and lowering transaction costs.

• Improved transparency and traceability enabled by blockchain are helping organizations reduce fraud and strengthen trust.

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Brazil Blockchain Technology Market Growth Factors

A decisive shift occurred in the Brazilian blockchain ecosystem by the end of 2025, moving from a largely speculative retail-trading mindset to a more organized and institutionally integrated landscape, with the Central Bank of Brazil's Drex project taking center stage. A new regime for the programmable digital real was implemented. Unlike with previous types of digital assets, the focus in this current phase is on developing "legal certainty" and working within Open Finance rails. This is made possible by the use of blockchain that works alongside the well-established instant payment systems of the nation and customary finance. The resulting technological evolution is a cultural one, with Brazilian banks establishing Digital Asset Management platforms to ease the custodianship and trading of tokenized securities. Compared to the volatility of the prior years, the increased stability of regulation under the "Marco Legal das Criptoativos" has allowed for more complex cross border settlements and treasury optimizations to be made with the use of smart contracts.

Outside of finance, the blockchain has been adopted by the influential Brazilian Agribusiness, which has begun to apply tokenization of Real-World Assets (RWAs), such as through the digitalization of agricultural instruments like the Cédula de Produto Rural (CPR). The tokenization of credit notes has provided new liquidity and transparency to global investors based on the customary CPR. New global demand for ESG-compliant supply chains has turned blockchain-based traceability from a nice-to-have to a must-have for major exporters. Immutable ledgers offer exporters the ability to reliably monitor individual commodities as they move through the supply chain (for example, beef, soy or carbon credits) to ensure compliance with international anti-deforestation norms. With "Farm-to-Table" data security prized, providing producers the ability to prove the ecological and ethical origins of their products could be at least as valuable as the commodity itself.

The third pillar of Brazil's blockchain-led ecosystem is Public Sector Innovation and the RBB. The federal government has been using decentralized ledgers through the Blockchain Brazil Network (RBB) to improve public records integrity since the end of 2025. These include land registry, public procurement, and the national identity card system. Thanks to the developments of state-owned companies like Serpro, Brazil is headed towards a Self-Sovereign Identity (SSI) model, where the citizen controls their own digital identity, and enjoys greater security and lower bureaucratic costs. In the private sector, this digital sovereignty can be reflected in Blockchain-as-a-Service (BaaS) solutions that provide SMEs with tamper-proof record-keeping without having to build their own infrastructure. The final stage of digital sovereignty would be "consortium blockchains", where public and private sectors would work towards a state of systemic stability and the required level of transparency and security would allow a fully digitized national economy to function. 

Brazil Blockchain Technology Market Segmentation

Type Insights:

• Public
• Private
• Hybrid 

Component Insights:

• Application and Solution
• Infrastructure and Protocols
• Middleware

Application Insights:

• Digital Identity
• Exchanges
• Payments
• Smart Contracts
• Supply Chain Management
• Others

Enterprise Size Insights:

• Large Enterprise
• Small Enterprise
• Middle Enterprise

End Use Insights:

• Financial Services
• Government
• Healthcare
• Media and Entertainment
• Retail
• Transportation and Logistics
• Others

Regional Insights:

• Southeast
• South
• Northeast
• North
• Central-West

Recent Developments & News

• In June 2024, Parfin, a financial technology firm, developed Rayls, an innovative blockchain system designed as a privacy solution for Brazil's central bank digital currency (CBDC), Drex. This new blockchain system enables permissioned operations and facilitates connections to other public blockchains through Rayls Public Chain, a native Ethereum Layer 2 (L2) solution.
• In September 2024, Bunge Global SA and Bangkok Produce Merchandising Public Co. Ltd. (BKP), collaboratively tested a traceability platform utilizing blockchain technology. This initiative involved the loading of three shipments, totaling 185,000 tons of deforestation-free soybean meal in Brazil, for export purposes. 

Key Players

• Mercado Bitcoin
• Moss.Earth
• Pods Finance
• Bitfy BWS
• Hashdex
• ensun
• Kuchoriya TechSoft
• TechBehemoths
• Fire Bee Techno Services
• TechBehemoths
• ArcTouch
• TechBehemoths
• Codein
• TechBehemoths
• Animvs Game Studio
• Goodfirms
• Softo
• Clutch
• Lamchain

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