Itaú Partners With OpenAssets to Test Tokenized Bonds and Funds in Brazil

Itaú Unibanco, Latin America's largest bank, joined an ANBIMA-led tokenization pilot with digital asset firm OpenAssets. The pilot will test tokenized fixed-income securities and investment funds using distributed ledger technology. ANBIMA selected 20 use cases from 39 proposals submitted by over 50 financial institutions. The value of tokenized real-world assets on public blockchains is growing.