Itaú Joins ANBIMA Tokenization Pilot in Brazil

Itaú, Latin America's largest private-sector bank, has joined an industry pilot focused on tokenizing Brazil's fixed-income securities and investment funds. The pilot is led by the Brazilian Financial and Capital Markets Association (ANBIMA) and aims to evaluate both the technical feasibility of issuance and trading on a distributed ledger technology (DLT) network as well as operational requirements.

The project involves Itaú partnering with OpenAssets, which will provide tokenization infrastructure for the pilot. The two companies will develop technical proofs of concept for tokenized fixed-income instruments and investment funds in Brazil. This is part of ANBIMA's broader effort to test capital markets activities using DLT in a controlled environment.

Debentures and investment funds are among the primary use cases being explored, with ANBIMA framing the work as an industry-led evaluation rather than a live rollout. The pilot will examine issuance, trading, and settlement on a private, permissioned DLT network in a simulated setting to reduce risk.

Itaú's participation is significant, as it lands amid broader momentum for real-world asset tokenization globally. According to RWA.xyz data cited in the announcement, the value of tokenized real-world assets distributed on public blockchains has more than doubled over the past year.