Brazil's two largest state-owned banks, Banco do Brasil and Caixa Econômica Federal, have joined with a consortium of the country’s largest credit cooperatives to launch a blockchain-based platform aimed at overhauling the nation’s massive real estate credit market. The institutions signed a Technical Cooperation Agreement with the National Operator of the Electronic Real Estate Registry (ONR), committing to develop a shared digital infrastructure that will use **tokenization** to streamline the complex mortgage financing process. The move signals an aggressive push for efficiency across **Brazilian banking**, with testing of the new platform scheduled to begin in March 2027.