Nexo

Join the hunt for $12,000,000+ in NEXO Tokens!

Learn More
Home » News » Polygon, Cetif Team Up with Bank of Italy to Explore Tokenized Assets

Polygon, Cetif Team Up with Bank of Italy to Explore Tokenized Assets

by

Milano Hub, Bank of Italy’s Innovation Center, collaborates with Cetif Advisory and Polygon Labs to research opportunities in DeFi and experiment with security tokens.

Polygon, Cetif Team Up with Bank of Italy to Explore Tokenized Assets

Share this article

Milano Hub, the Bank of Italy’s Innovation Centre, has teamed up with Cetif Advisory and Polygon Labs on a project called “Institutional DeFi for Security Token Ecosystem” to explore opportunities within the DeFi space, focusing on security tokens.

The Milano Hub was created to support and enhance Italy’s financial services, “dedicated to experimentation, to the selection of contributions from independent Italian and international experts and companies, to the cooperation with institutions and universities, and to the dialogue among market operators.”

The project combines an array of leaders in the digital finance space, such as enterprise digital asset operations platform Fireblocks, technical developer Reply, legal and tax consultant Linklaters and Web3 studio DVRS. Numerous Italian banks, asset management firms and financial institutions will also be involved to research how the tradfi space could benefit from DeFi.

Key to the project is a platform that allows institutional entities to navigate DeFi in compliance with stringent regulatory measures. One platform in the works is Lionity, a European institutional-grade automated market maker focused on the secondary market of security tokens.

Projects chosen by Milano Hub will receive developmental support for six months. This will encompass sector expertise, regulatory studies, and event organization, with participants from the projects, financial institutions and academia research hubs.

Imanuel Baharier, general manager of Cetif Advisory, expressed confidence in the benefits of accessibility in DeFi for supervised entities. “We believe it is vitally important to create the conditions for DeFi to become a safe and open operating environment for supervised entities as well.”

Share this article

The information on or accessed through this website is obtained from independent sources we believe to be accurate and reliable, but Decentral Media, Inc. makes no representation or warranty as to the timeliness, completeness, or accuracy of any information on or accessed through this website. Decentral Media, Inc. is not an investment advisor. We do not give personalized investment advice or other financial advice. The information on this website is subject to change without notice. Some or all of the information on this website may become outdated, or it may be or become incomplete or inaccurate. We may, but are not obligated to, update any outdated, incomplete, or inaccurate information.

Crypto Briefing may augment articles with AI-generated content created by Crypto Briefing’s own proprietary AI platform. We use AI as a tool to deliver fast, valuable and actionable information without losing the insight - and oversight - of experienced crypto natives. All AI augmented content is carefully reviewed, including for factural accuracy, by our editors and writers, and always draws from multiple primary and secondary sources when available to create our stories and articles.

You should never make an investment decision on an ICO, IEO, or other investment based on the information on this website, and you should never interpret or otherwise rely on any of the information on this website as investment advice. We strongly recommend that you consult a licensed investment advisor or other qualified financial professional if you are seeking investment advice on an ICO, IEO, or other investment. We do not accept compensation in any form for analyzing or reporting on any ICO, IEO, cryptocurrency, currency, tokenized sales, securities, or commodities.

See full terms and conditions.