Itaú Unibanco, a large holdings and financial services company in Brazil, has announced it will start offering tokenization services to its customers.
Itaú Unibanco, one of the largest holding companies in Brazil, has announced it is considering offering cryptocurrency trading services to its customers. The company informed that it will also offer tokenization services through a digital assets unit, that will allow customers to issue tokens backed by real-world assets, acting as a platform to facilitate their trading.Financial companies are starting to diversify their offerings by including blockchain and crypto-related services.
The company will use a platform called Hyperledger Besu for tokenization purposes, and the tokens created will only be tradable within the exchange of the company., the company has already made tokenization tests, issuing tokens for some private customers and employees of the bank, although no official reports have been made on this trial. Vanessa Fernandes, a senior executive at the company, will be leading the new endeavor as head of the Digital Assets Unit.
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