What is a custodial wallet?

A custodial wallet is a type of wallet where a third party holds and manages the private keys on behalf of the user.

What compliance measures are needed for custodial wallets?

Custodial wallets must implement KYC, AML, and secure storage practices to comply with BCB regulations.

Can I launch a custodial wallet without legal guidance?

It is highly recommended to seek legal guidance to ensure compliance with Brazilian regulations when launching a custodial wallet.

BCB VASP · Custodial Wallet

Brazil Custodial Wallet – Compliant Development

Launch a custodial wallet in Brazil with compliance controls mapped to BCB / CVM and BCB VASP. Block Intelligence builds production software; independent counsel handles licensing.

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Compliance scope

Brazil · Custodial Wallet

Brazil requires VASP authorization from the Central Bank for virtual asset service providers.

Jurisdiction	Brazil
Regulator	BCB / CVM
Product	Custodial Wallet

Software

Built-in compliance controls

Custodial key management with HSM or secure enclave options
Multi-chain deposits, withdrawals, and balance reconciliation
Transaction monitoring and velocity limits
Account recovery flows with identity re-verification
Compliance reporting and user activity audit trails
KYC/AML processes integrated into wallet onboarding
Secure storage solutions for user funds
Transaction monitoring and reporting features

View Custodial Wallet service Related case study

Block Intelligence provides technology development and compliance-oriented software architecture. We are not a law firm. Licensing and regulatory advice is provided by independent legal partners in each jurisdiction. Information is current as of 2026-03-01 and subject to change.

FAQ

Frequently asked questions

What is a custodial wallet?: A custodial wallet is a type of wallet where a third party holds and manages the private keys on behalf of the user.
What compliance measures are needed for custodial wallets?: Custodial wallets must implement KYC, AML, and secure storage practices to comply with BCB regulations.
Can I launch a custodial wallet without legal guidance?: It is highly recommended to seek legal guidance to ensure compliance with Brazilian regulations when launching a custodial wallet.