Itaú Unibanco says it is joining an industry pilot to test tokenized fixed-income securities and investment funds, partnering with tokenization specialist OpenAssets. The effort is led through ANBIMA, Brazil’s financial and capital markets association, which is coordinating the pilot among participants.

Both outlets report that the work focuses on bringing traditional investment products—such as bonds and funds—onto tokenized infrastructure for testing purposes. The stated aim is to evaluate how tokenization may operate in practice within the Brazilian market context, including how these instruments can be structured and handled in a controlled environment.

The reporting is consistent on the main facts: Itaú’s involvement, its collaboration with OpenAssets, the scope covering tokenized fixed-income securities and funds, and ANBIMA’s role as the pilot organizer. Differences are limited to wording and emphasis, with one outlet describing the initiative as a “tokenization pilot” and the other framing it as Itaú stepping further into tokenization.