The Central Bank of Brazil has confirmed that the temporary halt in using blockchain technology for its Drex central bank digital currency (CBDC) project is not a permanent shift. The bank plans to continue leveraging decentralized technology, including issuing its own currency for tokenization-linked settlements. Phase 3 of the Drex pilot project is set to commence next year, focusing on utilizing tokenized assets as collateral for credit operations. The bank emphasized that the ultimate goal remains the tokenization of assets on the platform, supported by the central bank's settlement currency.