Itaú Joins ANBIMA Tokenization Pilot for Bonds and Funds

Brazil's largest bank by market value, Itaú Unibanco, has joined a pilot project led by the Brazilian Financial and Capital Markets Association (ANBIMA) to test tokenization for bonds and funds.

The pilot, which involves more than 50 financial organizations, aims to assess technical, operational, and compliance standards for blockchain-based markets.

Itaú and OpenAssets will develop technical proofs of concept and assess the architecture, standards, and compliance systems needed to support tokenized investments.

The project will examine the full lifecycle of capital-market products on distributed-ledger networks, including issuance, trading, settlement, and asset management.