Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Brazil’s Bradesco Bank Issues Tokenized Credit Notes

Brazil’s Bradesco Bank Issues Tokenized Credit Notes

Kelly Cromley by Kelly Cromley
Jan 16, 2023
in Market News, News
Reading Time: 2 mins read
0

Bradesco, one of the major banks in Brazil and the third largest in all of Latin America, has issued its first tokenized credit notes, therefore entering the realm of cryptocurrencies. The operation, conducted in collaboration with Bolsa OTC, tokenized about $2 million in bank credit notes provided by Bradesco.

Bradesco, one of the largest banks in Brazil and Latin America, has joined the crypto age as one of the first Brazilian organizations to use blockchain technology. As part of a pilot program to evaluate the efficacy of these technologies, the bank stated on January 13, 2023 that it had tokenized the initial batch of bank credit notes, totaling about $2 million.

The operation, which Bradesco says is the first one to be monitored and authorized by the country’s central bank, was conducted in conjunction with Bolsa OTC and utilizing a regulatory sandbox that enables financial institutions to conduct such tests using new technology.

Edson Moreto, executive director of Bradesco, commented on the importance of this development: “We continue to investigate and evaluate the advantages of blockchain technology utilizing its innovation environment, Inovabra, to make new operations accessible to our clients.”

Asset tokenization, the act of recording real-world assets in blockchains, is seen as the following stage in market technology by some commentators. According to research published in December by BCG and ADDX, the technology will become a $16 trillion economic potential by 2030 and might become a trend in financial market talks in the future.

Bradesco is the second Brazilian financial institution to explore tokenization and tokenized assets. In July, Itau Unibanco was the first bank to undertake a number of tokenization experiments by releasing assets to its staff and customers.

At the same time, Itau announced the formation of its own tokenization business, which would concentrate on providing tokenization services to clients, enabling them to tokenize and trade these assets via a platform constructed and owned by the bank.

As per local sources, an increasing number of institutions will provide tokenization services in the near future. Several of these institutions awaited the December ratification of the current cryptocurrency legislation in order to provide tokenization services with a clear perspective on compliance difficulties.

 

Previous Post

Ethereum Hovers Around $1600

Next Post

Seoul Unveils Metaverse Based Services in Five Categories

Related Posts

caffeine ai internet computer

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
0

Caffeine, an innovative platform built on the Internet Computer (ICP) blockchain, is reshaping the landscape of decentralized application (dApp) development...

mint

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
0

Serial entrepreneur and global strategist Zak Manhire has unveiled Mint.io, a Web3 gaming platform that aims to steer the industry...

dcs card centre

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
0

DCS Card Centre, long known for its association with the Diners Club brand, is undergoing a substantial transformation in its...

AGII

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
0

AGII, a platform specializing in AI-driven Web3 infrastructure, has introduced a new suite of lightweight modules designed to elevate the...

metabora partners with line next

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025
0

METABORA, an established global player in casual game development and blockchain-based project operations, has formed a strategic alliance with LINE...

coinbase partners with perplexity ai

Coinbase Taps Perplexity AI to Deliver Smart Crypto Insights

by Kelly Cromley
Jul 14, 2025
0

Coinbase has entered into a strategic collaboration with Perplexity AI to provide users with real-time cryptocurrency market data through artificial...

Next Post
Seoul Unveils Metaverse Based Services in Five Categories

Seoul Unveils Metaverse Based Services in Five Categories

  • Collé Ai

    Collé: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Hyper Foundation Launched to Boost Hyperliquid Blockchain Development

    by Kelly Cromley
    Oct 15, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025

Recent News

caffeine ai internet computer
Market News

Caffeine Empowers Web3 App Creation Through Natural Language

by Kelly Cromley
Jul 14, 2025
mint
Market News

Mint.io Redefines Web3 Gaming with AI-Powered Experiences

by Kelly Cromley
Jul 14, 2025
dcs card centre
Market News

DCS Card Centre Charts a New Path as Global Payments Enabler

by Kelly Cromley
Jul 14, 2025
AGII
Market News

AGII Unveils Lightweight Modules to Boost Smart Contract Speed

by Kelly Cromley
Jul 14, 2025
metabora partners with line next
Market News

METABORA Joins Forces with LINE NEXT to Boost Web3 Gaming

by Kelly Cromley
Jul 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple News
  • Solana News
  • Tether News
Trustpilot

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree