By Brazil Stock Guide – B3 S.A. – Brasil, Bolsa, Balcão (B3SA3) said on Thursday, Sept. 18, it acquired a 60% stake in Central de Registro de Direitos Creditórios (CRDC) for R$15 million, reinforcing its strategy to grow as a market infrastructure provider in Brazil’s credit segment. The agreement also includes a partnership with the São Paulo Commercial Association (ACSP), which will remain a shareholder.
Under the terms of the contract, B3 may exercise an option to buy the remaining stake in CRDC starting in 2030, subject to performance targets. The deal requires approval from Brazil’s antitrust regulator CADE and notification to the securities regulator CVM.
Founded in 2014, CRDC is authorized by the Central Bank to operate as a financial asset registrar and provides technology solutions for credit origination, especially in the market for Receivables Investment Funds (FIDCs). The company also offers systems to formalize and issue receivables-backed instruments for small and mid-sized enterprises.
B3 said the transaction is part of its strategy to consolidate its role in the electronic receivables market, leveraging CRDC’s expertise to expand products and services linked to the real economy.
Although the financial value is not material from a legal standpoint, the acquisition underscores B3’s effort to diversify its revenue base beyond equities and derivatives trading.
In 2024, CRDC recorded R$122 billion in transactions and 815,000 operations on its platform. A CVM rule requiring all FIDCs to register their assets boosted the sector’s assets under management to R$590 billion. CRDC was also authorized to expand into new financial instruments, including bank credit notes (CCBs), promissory notes, rural promissory notes and rural receivables.
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