Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
Bank of Italy innovation hub supports research into security tokens on secondary markets

Bank of Italy innovation hub supports research into security tokens on secondary markets

CointelegraphCointelegraph2023/07/26 07:00
By: Derek Andersen

The Italian central bank’s Milano Hub has selected a project headed by Cetif Advisory and Polygon Labs in its second round of proposals.

The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). 

The project has no “commercialisation purpose,” but will extend “the scope of analysis” of security tokens on secondary markets. are digitized representations of the ownership of real-world assets. Cetif Advisory general manager Imanuel Baharier said in a statement:

The project will strive to allow institutional market participants to operate in a DeFi environment while complying with regulatory guidelines. It will further develop Cetif Advisory’s Lionity platform, which it describes as an “institutional grade automated market maker.”

Related:

Cetif Advisory is a spinoff of the Cetif Research Centre at the Università Cattolica del Sacro Cuore in Milan. The project is a collaboration with Polygon Labs, Fireblocks and other organizations. Italian banks, asset management companies and ten other financial institutions will take part in it.

The Cetif Advisory project was chosen during the hub’s second call for proposals. The project was one of seven projects given the green light in the fintech category. It will receive support from the Milano Hub for six months, beginning this month, in the form of expert advice and in-depth regulatory research.

Securities tokenization is an emerging field in blockchain technology. Citi GPS recently market may be worth $4 trillion to $5 trillion by 2030, with private equity and venture capital becoming the most tokenized, followed by real estate.

Magazine:

111

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

You may also like

July 2024: Optimizing Balanced Through New Development

In July, ICON advanced its integration efforts and optimized system performance. Key achievements including completion of audits for Stellar, and contracts for Solana. Looking ahead to August we anticipate the deployment of Sui contracts to mainnet.|

Icon Foundation Blog2024/08/06 11:15