Itaú Joins Brazil’s Tokenization Pilot with OpenAssets: Latin America’s Largest Bank Enters the Fray

Latin America’s largest private-sector bank, Itaú, has partnered with digital asset infrastructure provider OpenAssets to participate in a ANBIMA-led industry pilot testing the tokenization of fixed-income securities and investment funds in Brazil. The initiative, led by the Brazilian Financial and Capital Markets Association (ANBIMA), aims to test the issuance, trading, and settlement of capital market instruments using DLT. OpenAssets will provide its tokenization infrastructure, while Itaú will contribute capital markets expertise. The pilot is being conducted on a private, permissioned DLT network in a simulated environment. RWA.xyz data shows the value of tokenized real-world assets has more than doubled in the past year, rising from $18.9 billion in August 2025 to $38.3 billion today. U.S. Treasury debt is the largest category, accounting for over $16 billion.

Brazil’s tokenization pilot highlights the acceleration of digital transformation in Latin America’s institutional markets. Itaú’s involvement signals growing crypto compliance in the region, paralleling frameworks like the SEC and MiCA.