Major Brazilian banks including Itaú, Bradesco, Santander, Banco do Brasil, and Nubank have expanded crypto products for retail customers, moving beyond Bitcoin to offer more than a dozen tokens and related funds and ETFs. Available products now include Bitcoin, Ether, and the U.S. dollar-pegged stablecoin USDC. Brazil's central bank is set to begin formal regulation of virtual asset service providers in 2026, with rules covering minimum capital, asset segregation, and ongoing review. Despite broadening customer access to crypto assets, banks hold almost no proprietary crypto on their own balance sheets, focusing instead on custody and intermediary roles.