Brazil banks add crypto but hold none on balance sheets

Brazil’s largest banks have expanded their crypto offerings to as many as 28 assets after transactions across the country reached R$505.5 billion or about $98.7 billion in 2025. Summary Itaú now offers 15 crypto assets, while Nubank has listed 28 tokens for customers. Banco do Brasil has processed more than R$11 million in crypto transactions since January. March filings show Brazilian banks held no virtual assets on their own balance sheets. Crypto firms face new licensing, capital and client-asset rules under Brazil’s regulatory framework. Brazil banks expand crypto access without taking exposure Folha de S.Paulo reported on Sept. 7 that Itaú, Bradesco, Santander, Banco do Brasil and Nubank have expanded their digital-asset services since 2025, giving customers access to cryptocurrencies through familiar banking apps. Itaú, Brazil’s largest bank by assets under management, now offers 15 crypto assets through its investment platform. Its selection includes Bitcoin (BTC), Ethereum (ETH) and Circle’s dollar-backed stablecoin USDC. Nubank has built a larger selection, listing 28 digital assets for more than 7 million users of its crypto platform. Banco do Brasil, the country’s most p...