Transparency & governance
Everything documented, in the light of the law
Reparation for the affected families, the system that makes affordable housing possible and every step of BCM’s regularization — open for consultation, with verifiable primary sources.
The REPHIS project
BCM’s historical reparation
For decades, people with no connection whatsoever to BCM used fraudulent documents to drive communities off their land. REPHIS is the initiative for concrete reparation to more than 500 families and 200 affected communities in Rio’s West Zone — in partnership with the Rio de Janeiro Public Prosecutor’s Office (MPRJ), the Public Defender’s Office, UN-Habitat and the law firm Mattos & Mattos as mediators.
- I
Public recognition
Identification of the victims, official documentation and historical education about the violations committed.
- II
Restitution and development
Mapping of expropriated lands, land-title regularization and a compensation fund for the affected families.
- III
Legal justice
Review of fraudulent titles, a truth commission and legal mechanisms for the historical cases.
SIFH & Token KOSI
Independent Housing Finance System
SIFH resolves the long-standing dilemma of affordable housing — in which builder, investor and resident have incompatible interests. The key lies in converting real-estate assets into financial assets through tokenization: the KOSI Token.
Because investor and builder have already been paid through the capital markets, the units carry no burden of further return — and can be offered to the resident at 50% of market value, with no proof of income required.
- 50%of market value for the resident
- 3token types: Security, Payment, Utility
- 0income paperwork to gain access
- BCMenables the return as a multiple-service bank
Investor
Invests in the KOSI Token — a financial asset with real-estate collateral, monthly yield and appreciation, without the volatility of speculative cryptocurrencies.
Builder
Sells all units at once through mortgage tokenization. Payment is made once funds are raised on the capital markets, with full collateral for the value built.
Resident
Gains access to housing through a lease at cost price, with no proof of income required. Guaranteed priority for REPHIS families.
Legal status
The company was never extinct — only irregular
Banco de Crédito Móvel was not extinguished: it remained irregular for decades and was regularized in accordance with the law. Each step was recognized, in its time, by the competent administrative authorities. There are court challenges under way, brought by third parties with no proven corporate link, which BCM is facing with full transparency — trusting in the final judgment of the Superior Court of Justice (STJ).
Administrative victories
- 2017
Case closed, final and unappealable
The 6th Business Court of the Rio de Janeiro State Court (TJRJ) closes the court-supervised liquidation without a ruling on the merits. The case is archived.
- 2018
CNPJ obtained · JUCERJA approves
The first CNPJ (federal company tax ID) in BCM’s history, issued by the Federal Revenue Service. JUCERJA, the Rio de Janeiro State Commercial Registry, approves the re-registration by 23 votes to zero.
- 2022
Prosecutors recognize validity
The Public Prosecutor’s Office recognizes all acts of the reopening as lawful. Its opinion is ratified by judgment of the 39th Criminal Court.
- 2024
JUCERJA — unanimous
At Plenary Session 258, the Board of Members decides unanimously to maintain the registration.
- 2025
DREI upholds JUCERJA
The Secretary at the Ministry of Entrepreneurship — who oversees DREI, the federal Department of Business Registration — upholds the Board’s unanimous decision.
STJ · Conflict of Jurisdiction No. 215.515/RJ — Justice Isabel Gallotti
BCM filed a Conflict of Jurisdiction so that the STJ may harmonize the decisions of the lower courts and bring the dispute to a definitive end. The most recent administrative decision — by DREI, upholding JUCERJA — remains favorable.
Pending before the STJ