Today tokenization firm BlockInvest announced that Italian venture capital firm Open Venture has made a strategic investment. One of BlockInvest’s existing backers is Crédit Agricole Italia, a partner in multiple tokenization initiatives.
“Even if the tokenization industry is gaining momentum, creating disruptive software is not enough to become the European market leader,” said Lorenzo Rigatti, CEO of BlockInvest. “Now is the right time to strengthen the company foundation for future growth.”
Together with Crédit Agricole Italia it worked on DLT trials with the Bank of Italy to develop a solution for mini digital bonds for SMEs. Subsequently, it continued the development with a view to offering tokenized bonds as part of the bank’s wealth management offerings.
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