Itaú Unibanco Taps Blockchain for Tokenized Securities
Itaú Unibanco, Latin America's largest private banking institution, has joined forces with digital infrastructure provider OpenAssets to pilot a tokenization testing program. The initiative is led by ANBIMA, Brazil's Financial and Capital Markets Association.
The collaboration aims to evaluate the creation, trading, and settlement of tokenized bonds and investment funds on blockchain technology. OpenAssets will supply the technological backbone for tokenization during the testing phase, while Itaú Unibanco will leverage its expertise in capital markets to establish practical standards for institutional-grade digital asset management.
The trial program selected 20 use cases from 39 submissions by over 50 financial institutions, investment firms, and tech providers. Corporate bonds (debentures) and managed investment products are among the key scenarios under evaluation.