Marcelo De Callis
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Associate | São Paulo

Marcelo De Callis

Crypto, tokenization and licensing before SUSEP and the CVM.

SUSEPCVMBCBCrypto assetsTokenizationInsurersCapital markets

Profile

Marcelo De Callis practices business and regulatory law, focusing on crypto assets, asset tokenization, capital markets and financial market infrastructure.

At PSNA, he works on authorization proceedings before SUSEP and the CVM, including the migration of insurers from the Regulatory Sandbox to the S3 segment and the authorization of investment crowdfunding platforms.

He was Legal Counsel at Mercado Bitcoin and head of legal at BEE4, where he worked on structuring financial products and engaging with the CVM and the Central Bank.

Practice areas

Selected experience

Authorizations, transactions and investments.

Regulatory authorizations and approvals 6

  • 2026

    LTI Seguros: from the Sandbox to the S3 segment

    Prior authorization (Apr 2026) and final approval (Sep 2026) of the conversion into a fully regulated insurer.

  • 2026

    IBR Capital: authorization as a crowdfunding platform

    Governance, operating structure and compliance of the platform under CVM Resolution 88.

  • 2026

    Split Risk Seguradora: from the Sandbox to the S3 segment

    Final authorization (Nov 2025) and approval of the capital increase and migration (Apr 2026).

  • 2026

    Pin Seguradora: exit from the Sandbox to the S3 segment

    Business model structuring, business plan and handling of the proceeding through the final decision.

  • 2025

    LTI Seguros and Loovi: qualifying holding

    Investment readiness, structuring of the equity contribution and SUSEP approval (DIORE/SUSEP Ordinance 83/2025).

M&A and venture capital 3

  • 2026

    Loovi: buyback of Pablo Marçal's stake

    M&A and regulatory work following the insurer's authorization in the traditional segment.

  • 2025

    Hospital São Domingos: leveraged buyout from Dasa (R$ 1.2 billion)

    Counsel to the buyers; closed in December 2025.

  • 2025

    FIP Inovabra I (Bradesco): divestment from Skyone

    Exit of the fund in the Series C round led by Advent International.

Undisclosed matters appear without names.

News and press

In the press, events and insights.

Publications

Articles, chapters and guides.

Talk to Marcelo.

marcelo.decallis@psna.com.br

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