BEE4
BEE4 is Brazil's first CVM-regulated tokenized securities market for SMEs, operating an organized OTC exchange and digital central depositary on blockchain. It enables Brazilian SMEs with R$10-500M in revenue to access capital markets and serves retail and high-net-worth investors via Genial and Itaú.
- Company typePrivate
- Founded2022
- HeadquartersSão Paulo, Brazil
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What BEE4 does
BEE4 S.A. Balcão Organizado de Empresas Emergentes is a São Paulo-based, CVM-regulated market infrastructure operator founded in 2022 that runs Brazil's first organized OTC market and digital central depositary for tokenized securities of small and medium enterprises (SMEs). Its core technology stack combines distributed ledger technology (blockchain) for securities representation and custody, smart contracts to encode corporate events, and Connamara's EP3 exchange and clearing platform for 24/7 end-to-end trading functionality. BEE4 serves two primary customer segments: SMEs with annual revenue between R$10 million and R$500 million seeking access to public capital markets, and retail/professional investors (distributed via Genial Investimentos, Itaú Private Bank, and the Beegin platform) who gain exposure to previously inaccessible high-growth private SMEs.
The company monetizes through four revenue streams — listing fees, trading transaction fees, distribution fees, and depositary services — across multiple listing tracks (BEE4 CLASSIC, DIRECT, GO, TRACTION) under the Regime FÁCIL framework, including both equity (tokenized stocks) and debt (digital commercial notes and debentures). Distribution relies on a sales-led GTM targeting SMEs through XP Empresas consulting, the Rota FÁCIL reality-show-style subsidy program, and anchor partnerships with BNDES (up to 30% of offerings) and IFC (World Bank). After operating within the CVM regulatory sandbox from June 2022, BEE4 became in 2025 the first entity to exit with full definitive licenses as both an organized OTC market and a digital central depositary, positioning it as the de facto venue for Brazil's emerging SME access market.
BEE4 firmographics
Firmographics- Name
- BEE4
- Legal name
- BEE4 S.A. BALCÃO ORGANIZADO DE EMPRESAS EMERGENTES
- Website
- https://bee4.com.br
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- BEE4 is Brazil's first CVM-regulated tokenized securities market for SMEs, operating an organized OTC exchange and digital central depositary on blockchain. It enables Brazilian SMEs with R$10-500M in revenue to access capital markets and serves retail and high-net-worth investors via Genial and Itaú.
- Ownership category
- akta.pro rank
BEE4 industry classification
Industry- Product category
- SME Capital Markets Infrastructure
- NAICS
- Credit Card Issuing (52221)
- SIC
- Security & Commodity Brokers, Dealers, Exchanges & Services (6200)
- akta.pro primary industry
- Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
- akta.pro secondary industry
- Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting) (FSAPAIAH)
Keywords
Where BEE4 is headquartered
LocationHeadquarters
- HQ city
- São Paulo
- HQ country
- Brazil
- HQ region
- Latin America
Offices1 record
Markets served
BEE4 business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Listing Fees: Companies pay listing fees to BEE4 and CVM to become listed on the market and access capital through public offerings of debt or equity securities.
- Trading Transaction Fees: Fees charged on securities trading transactions executed on the BEE4 platform, generating recurring revenue based on trading volume.
- Distribution Fees: Fees from IPO distribution services, including partnerships with brokerages like Genial and Itaú for distributing tokenized securities to investors.
- Depositária Services: Services related to custody, registration, and settlement of securities operations using blockchain technology, including processing of corporate movements and events.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | IPO Investment - Eletron Energia example |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels6 records
BEE4 product offering
Product offeringCore offering
BEE4 operates a CVM-authorized organized OTC market (Balcão Organizado) and digital central depositary (Central Depositária) built on blockchain/DLT technology, enabling Brazilian SMEs with up to R$500 million in annual revenue to list and trade tokenized equity and fixed income securities. The platform combines listing services, digital custody, smart-contract-based corporate event processing, and secondary market trading infrastructure, distributing tokenized securities through partner brokerages such as Genial Investimentos and Itaú Private Bank.
Product overview
BEE4 operates as a regulated market infrastructure (Mercado de Acesso) for SMEs in Brazil, combining a CVM-authorized organized OTC market with a fully digital central depository built on distributed ledger technology (DLT/blockchain). The platform's core offering is the Mercado FÁCIL BEE4, enabling companies with up to R$500 million in annual revenue to list and trade tokenized securities including shares and fixed income instruments, using smart contracts for securities representation and wallet-based ownership control. The portfolio includes distinct listing products — Mercado FÁCIL (main), BEE4 CLASSIC, BEE4 DIRECT, BEE4 GO, and BEE4 TRACTION — addressing different company maturity stages and offering structures (capital open vs. capital closed). The ecosystem is further supported by the Rota FÁCIL subsidy program for SME preparation, Conectividade BEE4 for broker connectivity, and digital fixed income products (Notas Comerciais and Debêntures) via the Depositária Digital.
Differentiator
Problem solved
Functional benefit
Products and services
- Mercado FÁCIL BEE4 The primary regulated market infrastructure for Brazilian SMEs (up to R$500M annual revenue) to list and trade tokenized shares and debt instruments under the CVM FÁCIL Regime with simplified regulatory requirements.
- Depositária Digital (Digital Central Depositary) Digital central depositary service using blockchain/DLT technology for custody, registration, and settlement of securities, providing dematerialization, ownership control via wallets, and real-time automatic reconciliation.
- Mercado de Balcão Organizado (Organized OTC Market) Organized OTC market authorized by CVM for negotiating tokenized securities of SMEs, supporting both equity and fixed income products with end-to-end trading capability via Connamara's EP3 platform.
- Conectividade BEE4 Technical connectivity infrastructure enabling brokerages and market participants to access the BEE4 trading environment, including order routing and market data services.
- Market Data Market data services providing quotes, trading information, and financial data for listed companies on the BEE4 market.
- Renda Fixa Digital (Digital Fixed Income - Notas Comerciais e Debêntures Digitais) Digital fixed income product line enabling companies to issue commercial notes (Notas Comerciais) and debentures (Debêntures) in tokenized digital format, available via both public offerings (secondary market trading) and private placements (depositary-restricted).
Quantifiable outcome
- 590% revenue growth for listed companies (Eletron Energia 2019-2022)
- +2 more outcomes
Companies that use BEE4
Customer profileNamed customers5 records
Segments3 records
Ideal customer profiles3 records
BEE4 technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration2 records
Feature4 records
BEE4 partnerships and signals
Strategic signalPartnerships
Ten partnerships are on record, tiered core, minor and supporting.
- NúcleacoreStrategic partnership for settlement infrastructure using C3 chamber for trade settlement and processing of corporate movements and events. Núclea is a stakeholder in BEE4 and the partnership enables digital depository operations.
- Connamara TechnologiescoreTechnology partnership using EP3 exchange and clearing platform that powers 12 exchanges and 3 clearinghouses globally. EP3 supports end-to-end exchange and clearing functionality with 24x7x365 trading capability for BEE4's tokenized securities trading.
- XP EmpresascorePartnership with XP's enterprise division to attract and support SMEs in listing process. XP Empresas acts as listing consultant helping companies prepare for and navigate BEE4 listing requirements.
- Genial InvestimentoscorePrimary distribution partner with over 1 million clients and R$170 billion in assets under administration. Offers BEE4 IPOs and tokenized stock trading through app and home broker platform.
- Itaú Private BankcoreExclusive distribution of BEE4 securities to private banking clients. Itaú is Latin America's largest private bank with presence in 19 countries and shares traded on São Paulo and New York exchanges.
- C-MOREminorPartnership to measure ESG maturity level of companies listed on BEE4 market, supporting ESG evaluation and reporting requirements for listed SMEs.
- RSM Brasil / Baker TillysupportingAudit providers in Rota FÁCIL program providing independent audit services for the last fiscal year of winning SMEs, as required by Regime FÁCIL for listing.
- Machado Meyer / Madrona AdvogadossupportingLegal advisors in Rota FÁCIL program reviewing corporate structure, contracts, and governance practices of participating SMEs to prepare them for listing.
- G4 EducaçãosupportingTraining partner in Rota FÁCIL program providing G4 Traction management program, credit for formations, and access to alumni community with 15,000+ members and 11,000+ companies for finalists not winning listing subsidies.
- BeegincoreIPO distribution platform responsible for distributing public offerings of listed companies on BEE4, managing investor relations and offering mechanics.
Scale indicators5 records
Recent moves8 records
Expansion highlights6 records
BEE4 competitors and assessment
Company assessmentDirect peers
- tZERO: US-based blockchain-powered securities exchange trading tokenized private and public company securities. Directly comparable to BEE4 as a regulated venue for trading tokenized equities using DLT infrastructure.
- Securitize: Enterprise tokenization platform enabling issuance and management of digital securities on blockchain. Comparable to BEE4's tokenization infrastructure layer for SME securities and the smart-contract representation of corporate events.
- ADDX (formerly iSTOX): Singapore-regulated digital securities exchange for private market securities, tokenizing shares, bonds, and funds. Directly comparable to BEE4 in operating a regulated tokenized-securities venue for non-public companies.
- Tokeny: EU-based tokenization infrastructure provider for issuing, managing, and servicing tokenized securities on blockchain. Comparable to BEE4's tokenization and depository technology stack.
Broad incumbents
- B3: Brazil's dominant securities exchange operating the main equity and derivatives markets. Comparable as the established incumbent capital markets venue in Brazil that BEE4 explicitly serves as an alternative 'access market' for smaller issuers.
- Euronext Growth: Euronext's pan-European growth market dedicated to SMEs, with simplified listing requirements. Comparable in concept to BEE4's SME-focused access market and Regime FÁCIL approach.
- AIM (London Stock Exchange): London Stock Exchange's growth market for smaller, growing companies with a lighter regulatory regime. Comparable in concept to BEE4's SME-focused access market with simplified listing requirements.
Regional players
- Mercado Bitcoin: Brazil's largest crypto exchange, with tokenized-asset and digital securities initiatives. Comparable as a Brazilian digital asset venue that overlaps with BEE4's tokenization and trading theme, though focused on crypto rather than regulated SME securities.
Others
- Núclea: Brazilian settlement infrastructure provider and BEE4 strategic partner/stakeholder, providing the C3 chamber for trade settlement and corporate events processing. Comparable as adjacent infrastructure participant enabling BEE4's depository operations.
Emerging players
- Bitrust (2TM Group): Brazilian digital asset custodian and infrastructure provider from the 2TM/Mercado Bitcoin group. Comparable in offering DLT-based custody and asset servicing, an adjacent solution to BEE4's Depositária Digital offering.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
BEE4 social profiles
Digital presenceBEE4 compliance and trust
Trust signalCompliance2 records
BEE4 financial estimates
Financial estimateRevenue estimate
Valuation estimate
BEE4 leadership team
Management profileNumber of profiles
Profiles7 records
BEE4 funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
BEE4 M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about BEE4
What does BEE4 do?
BEE4 operates a CVM-authorized organized OTC market (Balcão Organizado) and digital central depositary (Central Depositária) built on blockchain/DLT technology, enabling Brazilian SMEs with up to R$500 million in annual revenue to list and trade tokenized equity and fixed income securities. The platform combines listing services, digital custody, smart-contract-based corporate event processing, and secondary market trading infrastructure, distributing tokenized securities through partner brokerages such as Genial Investimentos and Itaú Private Bank.
Is BEE4 a public or private company?
BEE4 is a private company. It is classified as corporate owned and is currently operating.
When was BEE4 founded?
BEE4 was founded in 2022. It employs 11 to 50 people.
Where is BEE4 based?
BEE4 is headquartered in São Paulo, Brazil, in the Latin America region.
How does BEE4 make money?
Four revenue lines are on record. Listing Fees are the primary driver. The others are trading Transaction Fees, distribution Fees and depositária Services.
Who are BEE4's main competitors?
Direct peers on record are tZERO, Securitize, ADDX (formerly iSTOX) and Tokeny. Broad incumbents are B3, Euronext Growth and AIM (London Stock Exchange). Mercado Bitcoin is listed as a regional player. Núclea is listed as an others. Bitrust (2TM Group) is listed as an emerging player.
Does BEE4 have an API?
No public API is recorded for BEE4.
What industry is BEE4 in?
BEE4's product category is SME Capital Markets Infrastructure. Its primary akta.pro industry code is FSAPAIAE, Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls), with a secondary code of FSAPAIAH, Compliance, Risk & RegTech for Tokenized Assets (KYC/AML, sanctions, travel rule, reporting). Its NAICS code is 52221 and its SIC code is 6200.