🦊 @foxbit receives crowdfunding license from CVM Crypto platform Foxbit received authorization from Brazil’s securities regulator to crowdfund investments. This enables it to offer digital securities via tokenization. Currently, crowdfunding is regulated by the CVM’s Instruction 88 — which allows companies to publicly fundraise directly with investors using tokens representing debt, equity or other financial rights. Ricardo Dantas, Foxbit CEO, said: “This license is confirmation that we are on the right track. We want to transform the Foxbit Group into a major hub for companies and investors who believe in the potential of digital assets, with security, technology and regulatory compliance.” He explained that this license enables Foxbit to create a true token marketplace, something unprecedented in the Brazilian market until now. “Unlike players that do not yet operate under this regulatory scope, Foxbit now offers a legally approved infrastructure to enable investments in tokenized assets, ensuring legal security, transparency and regulatory compliance for issuers and investors.”