Itaú Unibanco, Latin America's largest lender with over $562 billion in assets, has teamed up with digital-asset infrastructure provider OpenAssets. The partnership aims to test the issuance, trading, and settlement of fixed-income securities and investment funds using distributed-ledger technology, as part of a pilot program overseen by the Brazilian Financial and Capital Markets Association (ANBIMA). This initiative builds on Itaú's previous involvement in Brazil's central bank Drex pilot in 2023, further advancing the country's position as a key hub for tokenization.