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About Crown
Crown is a fintech company focused on stablecoin infrastructure, operating primarily in Brazil. Its core product, BRLV, is a stablecoin pegged 1:1 to the Brazilian Real, fully backed by Brazilian federal government bonds (LFTs) held in a bankruptcy-remote structure via a Special Purpose Vehicle and Fiduciary Assignment. This design ensures holders have a direct legal claim on the underlying reserves, a feature rarely seen among stablecoin issuers.
The main market pain point Crown addresses is the lack of yield on traditional stablecoins and the difficulty for ordinary users to access Brazilian sovereign debt yields. BRLV solves this by accruing value daily through a rebasing mechanism, distributing rewards points to qualifying wallet holders, with 1 point always redeemable for 1 BRLV or 1 BRL. This effectively passes the risk-free rate of Brazilian government bonds to token holders while maintaining full liquidity.
Crown also offers 24/7 instant conversion between BRL and BRLV, eliminating the constraints of Brazilian banking hours. The company operates a comprehensive AML/CFT program aligned with FATF standards, including mandatory KYC/KYB and onchain transaction monitoring.
In the past six months (2026-02-28 to 2026-08-29), Crown has made significant progress. In February 2026, Crown partnered with Nexa Finance, a blockchain and AI-based investment platform, to integrate BRLV into its offering, allowing Nexa's clients to access BRLV directly or through tailored products such as exclusive funds or mini-ETFs. This partnership expands Crown's distribution network to Nexa's client base, which represents approximately R$ 170 billion in assets under management. The company has also continued to publish daily, real-time attestation reports verifying the 1:1 Guarantee Ratio, reinforcing its transparency commitments.
Over the past six months (2026-03-13 to 2026-09-13), Crown's key developments include:
Launch of FX Desk: instant conversion between BRL, USD and stablecoins, with a limit of US$100k per transaction and full transaction records. Crown states this is not eFX or international transfer, but a virtual asset service regulated under BCB Resolution No. 521/2025, while it advances in the Central Bank's VASP licensing process.
Partnership with Nexa Finance to make BRLV available in investment infrastructure, covering liquidity reserves, short-term treasury management and corporate cash, with an estimated R$200 million in allocations over 12 months. BRLV issuance stands at roughly R$374 million, and the Rewards mechanism is equivalent to about 93.5% of the CDI.
Official future focus: driving the migration of traditional financial infrastructure on-chain, predicting around 8% of Brazil's monetary base (nearly R$1 trillion) will exist as stablecoins on blockchain within a decade. Key areas include international payments, on-chain treasury management, tokenized products and agentic commerce. BRLV is 100% backed by Brazilian government bonds, with daily yield accrual enabled through the rebasing token BRLY; all VASPs operate under the Central Bank's grandfathering regime while applying for licensing.
John Delaney (Co-founder & CEO), Vinicius Correa (Co-founder & Principal Engineer), Bruno "BL" Passos (COO).