Itaú, Latin America’s largest non-public sector financial institution, has partnered with digital asset infrastructure supplier OpenAssets to take part in an industry-led pilot testing the tokenization of fixed-income securities and funding funds in Brazil.
The initiative is led by the Brazilian Monetary and Capital Markets Affiliation (ANBIMA), which is testing the issuance, buying and selling and settlement of capital markets devices utilizing distributed ledger expertise (DLT).
In line with Tuesday’s announcement, the businesses will develop technical proofs of idea and assess the operational, compliance and expertise necessities for tokenized property, with debentures and funding funds among the many use circumstances being explored.
OpenAssets will present its tokenization infrastructure, whereas Itaú will contribute capital markets experience as the businesses check how tokenized property may function inside institutional frameworks.
In April, ANBIMA chosen 20 use circumstances for the pilot from 39 proposals submitted by greater than 50 banks, asset managers and expertise corporations. The exams are being performed on a personal, permissioned DLT community in a simulated setting with out actual monetary transactions.
The worth of tokenized real-world property distributed on public blockchains has greater than doubled over the previous 12 months, rising from round $18.9 billion in August 2025 to $38.3 billion right now, in line with RWA.xyz information. US Treasury debt is the biggest class, accounting for greater than $16 billion.
Tokenized real-world property. Supply: RWA.xyz
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