LATEST: Brazil’s largest bank Itaú Unibanco has joined a pilot with OpenAssets to test the issuance, trading and settlement of tokenized bonds and investment funds on blockchain. Both organizations will construct technical demonstrations and assess the regulatory and operational frameworks necessary for managing tokenized financial instruments within institutional environments. OpenAssets will supply the technological backbone for tokenization during the testing phase. Brazil Emerges as Tokenization LeaderThe Brazilian market has positioned itself as a frontrunner in tokenized asset development. Valor Capital Group spearheaded the investment round, with participation from Tether and members of Itaú Unibanco’s founding family.