OpenAssets and Itaú are participating in ANBIMA's tokenization pilot in Brazil to test the issuance, trading, settlement and management of tokenized debentures and investment funds on distributed-ledger networks, while a Cointelegraph report on Aug. 12 cast Itaú's role as a notable step for tokenized fixed-income markets because the bank is Latin America's largest private bank. The collaboration, announced on Aug. 11, pairs OpenAssets' infrastructure with Itaú's capital-markets reach to assess the standards, architecture, operational controls and compliance frameworks regulated institutions would need before bringing tokenized securities into live markets. ANBIMA's role places the experiment inside Brazil's self-regulatory market structure rather than at its edges, and the country's earlier Drex work, Pix-based payments culture and tighter oversight of crypto transfers provide a clearer route from pilot stage toward production. The pilot's issuance size, settlement asset and final instrument mix were not disclosed.