Itaú joins Brazil tokenization pilot with OpenAssets
The bank will test tokenized fixed-income securities and investment funds as part of an ANBIMA-led industry pilot.
Itaú, Brazil's largest private sector bank, has joined an industry pilot led by ANBIMA to test tokenized fixed-income securities and investment funds using digital asset infrastructure provided by OpenAssets. The initiative aims to explore the issuance, trading, and settlement of capital markets instruments through distributed ledger technology (DLT).
OpenAssets will supply its tokenization infrastructure, while Itaú will contribute its capital markets expertise. The pilot will assess the operational, compliance, and technology requirements of tokenized assets, focusing on debentures and investment funds among other use cases. The tests are being conducted on a private, permissioned DLT network without real financial transactions.
The value of tokenized real-world assets on public blockchains has more than doubled in the past year, reaching $38.3 billion today, with US Treasury debt being the largest category at over $16 billion.
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