Brazilian Fintech BEE4 to Launch First Local Tokenized Stock Marketplace

Asset tokenization is a hot area in Brazil. In December, Brazil’s only stock exchange, B3, said it was exploring opportunities in the asset tokenization, digital asset custody and crypto-as-a-service (CaaS) segments. And last week, Itaú Unibanco, Brazil’s largest private bank, announced its plans to launch an asset tokenization platform that transforms traditional finance products into tokens.