Latin America's largest private bank, Itaú, has joined an ANBIMA-led pilot to tokenize Brazilian fixed-income securities, working with OpenAssets. The initiative will examine blockchain's role in fixed-income assets, and it suggests traditional lenders are accelerating their move into asset tokenization. Cointelegraph reported.
Latin America’s biggest private bank, Itaú, has entered a pilot run by ANBIMA, Brazil’s Financial and Capital Markets Association. Under the project, the bank will team up with OpenAssets to tokenize fixed-income securities in Brazil.
The pilot is meant to test how blockchain technology can be used with fixed-income assets. And Itaú’s move shows traditional financial institutions are speeding up their shift into asset tokenization, according to Cointelegraph.
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