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 plan to build technical demonstrations and evaluate the regulatory and operational frameworks necessary for deploying tokenized financial instruments in institutional settings. Meanwhile, Itaú will leverage its extensive capital markets expertise as both firms investigate the practical implementation of institutional-quality asset tokenization. Brazil Emerges as Tokenization LeaderBrazil has established itself as a particularly dynamic marketplace for digital asset tokenization initiatives. OpenAssets secured $10 million in funding last year to develop its tokenization platform.