Brazil’s greatest financial institution is taking one other step into tokenized property, including to a rising record of the nation’s monetary heavyweights experimenting with placing conventional investments on blockchain rails.
Itaú Unibanco has began working with digital-asset infrastructure supplier OpenAssets on a tokenization pilot run by Brazilian Monetary and Capital Markets Affiliation ANBIMA, the businesses mentioned Tuesday.
The challenge will take a look at how fixed-income securities and funding funds may be issued, traded and settled utilizing distributed-ledger know-how, the corporations mentioned in a press launch. The work can even look at the foundations and technical requirements wanted for banks and asset managers to make use of such programs.
Itaú’s involvement offers the hassle some heft. The São Paulo-based financial institution is Latin America’s largest lender, with greater than $562 billion in whole property, in line with S&P International.
Tokenization has turn into one among Wall Road’s favourite use instances for blockchain know-how, with banks and asset managers experimenting with placing bonds, funds, non-public credit score and equities on digital ledgers. Citi has estimated that tokenized securities might develop right into a $5.5 trillion market by 2030 as monetary property will transfer onto blockchain-based programs.
Brazil’s tokenization push
Brazil has emerged as a key hub for tokenization, with initiatives already stretching nicely past bank-run pilots. In July 2025, Brazilian credit score structuring and securitization agency VERT Capital unveiled plans to tokenize as a lot as $1 billion of debt and receivables on the XDC Community. Brazil-based crypto alternate Mercado Bitcoin additionally shared plans to tokenize $200 million in property on the XRP Ledger, together with fixed-income and fairness devices.