In May we reported that Crédit Agricole Italia was working with blockchain startup BlockInvest on a tokenized bond solution as part of the Bank of Italys’ DLT trials. The focus was mini bonds for SMEs. Now the bank and startup plan to develop the bond solution beyond the trial, aiming to go into production at some point. Crédit Agricole Italia is an investor in BlockInvest.
The bank is particularly interested in offering the bonds to accredited investors as part of its wealth management division.
“The tokenization of bonds represents a great opportunity to increase the efficiency and accessibility of financial instruments,” said Andrea Riva who leads the Credit Agricole Italia innovation team for capital markets. “The collaboration with BlockInvest will allow us to develop a cutting-edge platform that will enable our customers to benefit from this innovative investment method.”
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