.Itau, Brazil's largest private bank, plans to launch an asset tokenization platform that includes crypto custody services, and isn’t ruling out allowing retail customers to buy and sell crypto in the future. RodrigoTolotti reports
Itaú Unibanco, Brazil's largest private bank, plans to launch an asset tokenization platform that transforms traditional finance products into tokens and also offers crypto custody services for its customers, the company announced Thursday.
The new unit, Itaú Digital Assets, will first be available for institutional clients, while a retail version is expected to launch by the end of 2022. At a press conference, the company said that it has not ruled out offering cryptocurrency trading services to retail customers in the future, without giving further details.
Vanessa Fernandez, a senior executive with experience in compliance, internal controls and technology at Itaú, will serve as Itaú Digital Assets' head, the company added.to help it develop a digital real, Brazil's central bank digital currency .The entry of Itaú into the crypto segment comes after other major fintech players in the country have taken the same step.
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