Backup Header Below

Itau Unibanco Mulls Offering Crypto Services, Opens Tokenization Unit in Brazil

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. Itaú Unibanco, a large holdings and financial services company in Brazil, has announced it will start offering tokenization services to its customers. To this end, the company will create a brand new unit in its structure, called Itaú Digital Assets, that will provide tokenization capabilities and act as a middleman between companies wanting to take their assets to the blockchain and the market. 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.

While the focus of the new unit is to bring tokenization services to its customers, Fernandes believes that the company might be able to offer more than that in the future. The executive commented that the company was considering offering customers cryptocurrency trading services in the future, but did not offer more details.

What do you think about Itaú Unibanco offering tokenization services? Tell us in the comments section below.


Other Press Releases