South America's biggest stock exchange operator has joined the R3 distributed ledger consortium.
Fabio Dutra, business development managing director for BM&F Bovespa, said in a statement that the company is looking to "future-proof" its markets by exploring use cases for the technology.
While it's unclear what aspects of the technology BM&F Bovespa would look to integrate, recent news that the company is beefing up its market surveillance efforts indicates it could have an interest in mechanisms for increasing transparency.
The exchange, which traces its origins back to the 1890s, has spent much of the past year growing its footprint within Latin America as a major destination for stock activity.
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