Latin America’s largest bank Itaú tokenized its first digital asset on July 4, according to local newspaper E-Investidor. It was the tokenization of trade finance receivables with a term of 35 days. The bank plans to tokenize other types of real world assets as security tokens and also unveiled a digital asset custody solution.
Apart from these offerings, the Brazilian bank is involved in one of nine central bank digital currency (CBDC) experiments. It partnered with the Brazilian stock exchange B3 and enterprise blockchain company R3 to develop payment versus payment (PvP) for international transfers.
In December 2021, Vanessa Fernandes moved from CTO of Emerging Tech at Itaú Unibanco to become the Digital Assets CEO at the commercial and investment bank Itaú BBA.
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