# Onda Finance first in BCB VASP auth process > BCB Comunicado nº 45.986, published 21 September 2026, names Onda Finance as the first virtual-asset firm in a formal authorization process, with a 15-day public-comment window. - **Source:** https://ptycoin.com/en/posts/2026-09-23-onda-finance-bcb-vasp-authorization/ - **Published:** 2026-09-23 - **Category:** News - **Author:** Mateo - **Tags:** brazil, bcb, vasp, regulation, fintech, payments - **Also published in:** [Español](https://ptycoin.com/es/posts/2026-09-23-onda-finance-bcb-vasp-authorization/) --- The **Banco Central do Brasil** (**BCB**) published [**Comunicado nº 45.986**](https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?numero=45986&tipo=Comunicado) on Monday, **21 September 2026**, listing **Onda Finance Sociedade Prestadora de Serviços de Ativos Virtuais Ltda.** as an institution in a virtual-asset service provider (**VASP**) authorization process. Coverage the same week from [Livecoins](https://livecoins.com.br/onda-finance-e-a-primeira-empresa-de-criptomoedas-em-processo-de-autorizacao-formal-no-banco-central/), [BitNotícias](https://bitnoticias.com.br/regulacao/banco-central-objecoes-diretores-vasp-onda-finance/), [Exame](https://exame.com/future-of-money/banco-central-divulga-1o-nome-de-empresa-em-processo-de-licenca-para-operar-com-cripto/), [Let's Money](https://www.letsmoney.com.br/cripto/bc-primeira-empresa-cripto-autorizacao/) and [SpaceMoney](https://www.spacemoney.com.br/investimentos/criptomoedas/onda-finance-autorizacao-banco-central/) treats that listing as the first named crypto firm to appear in a formal BCB VASP authorization file. The central bank's public viewer for the comunicado is JavaScript-heavy; the facts below follow those outlets quoting the same numbered act. ## What Comunicado nº 45.986 actually does The act submits three directors for BCB review: **Matheus Luiz Puppe Magalhães**, **Nildson Ferreira Alves** (CEO) and **Renato Gomes Lima**. BitNotícias reports the file sits with **GTSP3** (*Gerência Técnica em São Paulo*) and is signed by **Carolina Pancotto Bohrer**, head of the *Departamento de Organização do Sistema Financeiro*. Names go into **Unicad**, the BCB's information system on supervised entities, and the people named have a right of access to their own process. Publication starts a **15-day** window for public objections. BitNotícias, reading the comunicado, says objections must identify their authors, attach supporting documents, and go through the BCB's *Protocolo Digital* under the subject line for authorizations and licensing of supervised institutions and SPB participants, with the responsible team in the destination field. The BCB did not set a date for a final decision. The same comunicado also names **BTG Pactual Serviços Financeiros DTVM**, **Sicoob DTVM**, **Conta Simples SCD** and **Magen Instituição de Pagamento**. Those four are ordinary financial institutions on a directors-review list. Onda is the only name styled as a *Sociedade Prestadora de Serviços de Ativos Virtuais*: one VASP plus four non-crypto houses on the same sheet. The BCB's own label, quoted across those reports, is **"instituição em processo de autorização"**. That is a queue, not a final VASP license, and no outlet has a grant date. ## What Onda Finance actually sells [Onda's site](https://ondafinance.com/) describes a Brazilian fintech for companies moving money across borders: international payments, multi-currency accounts, a corporate card, treasury, and API access. Livecoins and Exame add the crypto-specific layer that put it on this list, **stablecoin settlement and crypto custody**. BitNotícias, citing partner materials, also says Onda uses **Fireblocks** for wallet management and market connectivity. We have no independently verified user counts, assets under custody, or dollar volumes, and we are not repeating marketing dashboards as facts. CEO **Nildson Alves**, speaking to Livecoins, put the listing in those terms: "Estar na linha de frente do processo de autorização do Banco Central valida todo o trabalho que fizemos desde o primeiro dia para erguer uma operação sólida e transparente." He added that regulation separates who has long-term structure, and that Onda's focus is a bridge between traditional markets and virtual assets for companies and investors. ## October 30 is still the filing clock This first named VASP lands inside a deadline we already walk in the [Resolução BCB nº 520 explainer](/en/posts/2026-07-30-brazil-bcb-520-spsav-oct-30-deadline/). Incumbent platforms that were already serving Brazil when [Resoluções BCB 519 and 520](https://www.bcb.gov.br/estabilidadefinanceira/exibenormativo?tipo=Resolu%C3%A7%C3%A3o%20BCB&numero=520) took effect on **2 February 2026** have until **30 October 2026** to file for authorization as a *sociedade prestadora de serviços de ativos virtuais* (**SPSAV**). Filing, not a final stamp, is the gate that generally lets a firm keep operating while the review runs. After that date, BCB-authorized banks and payment institutions are broadly barred from virtual-asset operations with counterparties that are neither authorized nor already in the queue. Minimum capital in the same package is often cited in a band of **R$10.8 million to R$37.2 million**, depending on the mix of activity and risk, including in BitNotícias' and Let's Money's write-ups of this comunicado. That band is the public floor for remaining inside the supervised perimeter. Onda has not published its own capital figure. The queue is arriving after several retail venues chose the other door. BitNotícias lists **Digitra.com** (August: no authorization request, wind-down of Brazil trading and custody) and **Coinext** (early September: retail exit after saying it could not meet the regulatory capital minimum). Those exits explain why a named file is news. They say nothing about Onda's books. Stablecoin *payments* are the other reason a VASP charter belongs in the lede. [Resolução BCB nº 561](/en/posts/2026-06-05-brazil-stablecoin-cross-border-rules/) already pulled virtual-asset settlement out of the pure **eFX** (electronic foreign exchange) track. A firm that wants a supervised path to move value with stablecoins across borders is being pushed onto the VASP/FX stack, which is the stack Onda is lining up for. ## Takeaway Brazil now has a public VASP name in the BCB authorization process: a São Paulo payments and custody fintech, three directors on a 15-day comment clock, and a little more than a month until the **30 October** filing deadline for everyone else still operating. Watch the next comunicados for more names; watch your own platform for a filed-and-in-process status, because sitting outside that queue is how bank rails get cut. If you hold coins on a Brazilian venue, a withdrawal to an address you control is still the way to keep the keys off someone else's wind-down calendar. None of this is financial advice, and none of it is a pitch for Onda or any other intermediary. --- ## Keep reading - [How do you buy and cash out USDT with Pix in Brazil? Deposit BRL at a local exchange, buy Tether, withdraw on-chain, then reverse the path to send reais back to your bank](https://ptycoin.com/en/posts/2026-08-25-buy-cash-out-usdt-pix-brazil/index.md): Buy USDT with Pix in minutes at a Brazilian exchange, withdraw to self-custody, then sell and Pix the reais home. Network choice and the R$35k DeCripto line matter. - [Lulubit wires local bank rails across Panama, Costa Rica and Guatemala in one custodial app, and the open question is whether that three-country plumbing holds before Panama enacts a VASP law](https://ptycoin.com/en/posts/2026-09-18-lulubit-panama-crypto-app/index.md): Lulubit is Panama City's crypto app with PA/CR/GT local bank rails, Lulucard, and a U.S. virtual account: a small custodial operator in a country with no enacted VASP regime. - [Littio, Bogotá's YC W23 dollar neobank, issues US ACH and EU IBAN details settled in USDC and EURC, a Mastercard for spend, and Bóvedas advertising up to 9.8% E.A., while Selenio S.A.S. operates as a mandatario outside Superfinanciera supervision](https://ptycoin.com/en/posts/2026-09-04-littio-colombia-dollar-neobank/index.md): Littio is Bogotá's YC W23 dollar neobank: US ACH and EU IBAN rails on USDC/EURC, a Mastercard, and Bóvedas up to 9.8% E.A., run by Selenio as a mandatario, not a bank. --- Source: PTYcoin — https://ptycoin.com/en/posts/2026-09-23-onda-finance-bcb-vasp-authorization/. Free to read and cite with attribution to ptycoin.com. AI-usage terms: https://ptycoin.com/en/ai-usage/