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About Crown BRLV
Analysis of 22 May 2026Crown BRLV is a Brazilian real-pegged stablecoin backed 1:1 by Brazilian government bonds, issued by Sao Paulo-based fintech Crown. The project raised $21.6 million in total funding, including a $13.5 million Series A led by Paradigm in December 2025, valuing the company at $90 million.
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BRLV has secured approximately R$360 million (~$67 million) in institutional commitments with ~$19 million in active circulation, positioning it as the largest emerging market local-currency stablecoin. Reserves are held in a bankruptcy-remote structure custodied by regulated Brazilian financial entities.
Co-founded by John Delaney and Nubank-alumni Vinicius Correa, Crown targets institutional investors seeking on-chain exposure to Brazil's high-yield sovereign debt market.
