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The Central Bank of Italy starts the development of the DeFi ecosystem

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The Milano Hub innovation center of the Bank of Italy will support a project led by Cetif Advisory that aims to develop a security token ecosystem for institutional decentralized finance (DeFi).

The project is a collaboration between Cetif Advisory, Polygon Labs, Fireblocks and other organizations, with the participation of Italian banks and ten other financial institutions.

Building an Institutional DeFi Ecosystem

The firm, selected during Milano Hub’s second call for proposals, will expand the scope of security token analysis in secondary markets. As Cetif Advisory CEO Imanuel Baharier explained, these security tokens are digitized representations of real-world asset ownership. Baharier stresses the importance of setting conditions for DeFi to become a safe and open operating environment for supervised entities.

The project is not seeking commercialization, but rather aims to allow institutional market participants to operate in a DeFi environment while complying with regulatory guidelines. He will further develop Cetif Advisory’s Lionity platform, touted as an “institutional-grade automated market maker.”

Cetif Advisory, a spin-off of the Cetif Research Center at the Università Cattolica del Sacro Cuore in Milan, will receive six months of support from the Milano Hub. This support includes expert advice and in-depth regulatory research and began earlier this month.

Security tokenization appearance

Securities tokenization is an emerging field in blockchain technology. According to projections by Citi Global Perspectives & Solutions, the tokenized securities market could be worth between $4 trillion and $5 trillion by 2030. The report suggests that private equity and venture capital are likely to become the most tokenized sectors, closely followed by the real. real estate.

The Cetif Advisory project, in collaboration with other industry stakeholders, can play a crucial role in advancing the DeFi ecosystem and promoting the use of tokenization. This move signals the great interest of the Central Bank of Italy in the innovative potential of blockchain technology and tokenized securities.

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