Bank of Italy’s Milano Hub to Support Project for Institutional DeFi Ecosystem
The Bank of Italy’s Milano Hub innovation center has announced its support for a project led by Cetif Advisory, aimed at developing a security token ecosystem for institutional decentralized finance (DeFi). Here are the key points:
1. Collaboration: The project involves Cetif Advisory, Polygon Labs, Fireblocks, and other organizations, as well as Italian banks and ten other financial institutions.
2. Scope Expansion: The project, selected during the Milano Hub’s call for proposals, seeks to expand the analysis of security tokens on secondary markets. These tokens represent ownership of real-world assets.
3. Regulatory Compliance: The project aims to create a safe and open operating environment for supervised entities to participate in DeFi, while complying with regulatory guidelines. Cetif Advisory’s Lionity platform will be further developed to facilitate this.
4. Support from Milano Hub: Cetif Advisory, a spinoff from the Cetif Research Centre, will receive six months of support from the Milano Hub, including expert advice and regulatory research.
5. Emergence of Securities Tokenization: The tokenized securities market is projected to be worth $4-5 trillion by 2030. Cetif Advisory’s project could play a crucial role in advancing the DeFi ecosystem and the utilization of tokenization.
In conclusion, the Bank of Italy’s support for this project highlights its interest in the potential of blockchain technology and tokenized securities. By creating a secure and regulated environment, the project aims to enable institutional market participants to operate in the DeFi space.
Disclaimer: This article is for informational purposes only and does not provide legal, tax, investment, financial, or other advice.
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