2 years ago
Itaú Unibanco, 1 of the largest holding companies successful Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The institution informed that it volition besides connection tokenization services done a integer assets unit, that volition let customers to contented tokens backed by real-world assets, acting arsenic a level to facilitate their trading.
Itaú Unibanco Adds Tokenization to Its Services
Financial companies are starting to diversify their offerings by including blockchain and crypto-related services. Itaú Unibanco, a ample holdings and fiscal services institution successful Brazil, has announced it volition commencement offering tokenization services to its customers. To this end, the institution volition make a marque caller portion successful its structure, called Itaú Digital Assets, that volition supply tokenization capabilities and enactment arsenic a middleman betwixt companies wanting to instrumentality their assets to the blockchain and the market. The institution volition usage a level called Hyperledger Besu for tokenization purposes, and the tokens created volition lone beryllium tradable wrong the speech of the company.
According to section reports, the institution has already made tokenization tests, issuing tokens for immoderate backstage customers and employees of the bank, though nary authoritative reports person been made connected this trial. Vanessa Fernandes, a elder enforcement astatine the company, volition beryllium starring the caller endeavor arsenic caput of the Digital Assets Unit.
Crypto Trading Services Being Considered
While the absorption of the caller portion is to bring tokenization services to its customers, Fernandes believes that the institution mightiness beryllium capable to connection much than that successful the future. The enforcement commented that the institution was considering offering customers cryptocurrency trading services successful the future, but did not connection much details.
Itaú is conscionable the latest successful a bid of Brazilian companies that are seeing opportunities successful the cryptocurrency trading arena. Just recently, Picpay, 1 of the astir fashionable integer wallet and payments providers, announced it would commencement offering cryptocurrency trading and outgo services successful August. In the aforesaid way, Nubank, different Brazilian integer bank, besides launched akin trading services successful May.
The Central Bank of Brazil has declared it volition beryllium doing tests connected its ain currency — a cardinal slope integer currency (CBDC) — this year. The regularisation of crypto assets is besides progressing, with the Brazilian Senate having approved a crypto measure to beryllium discussed by the lawman chamber.
What bash you deliberation astir Itaú Unibanco offering tokenization services? Tell america successful the comments conception below.
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