Brazil's largest lender, Itaú Unibanco, is taking a step deeper into tokenization by teaming up with tokenization specialist OpenAssets.
This partnership is part of a pilot run by Brazil's financial watchdog, ANBIMA, to test tokenized bonds and funds.
According to reporting from CoinDesk, this pilot program aims to explore the potential of tokenization in the financial sector.
Itaú Unibanco's move into tokenization is significant, given its position as Brazil's largest lender, and may indicate a growing interest in the technology among major financial institutions.