Bank of Italy’s Milano hub to propel institutional DeFi research

TL;DR Breakdown

  • Bank of Italy’s Milano hub is set to provide support for Certif Advisory in its latest project.
  • Certif Advisory aims to advance DeFi using its platform.

Description

The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi). Bank of Italy’s Milano hub to help in DeFi research At the core of this endeavor … Read more

The Bank of Italy’s Milano Hub innovation center is set to provide vital support for an ambitious project developed by Cetif Advisory. The focus of this collaboration revolves around researching a secure token ecosystem for institutional decentralized finance (DeFi).

Bank of Italy’s Milano hub to help in DeFi research

At the core of this endeavor lies the exploration of security tokens on secondary markets, which are digitized representations of real-world assets’ ownership. The primary goal of the project carried out in Bank of Italy’s Milano hub is not commercialization but to expand the scope of analysis within the security token landscape. Imanuel Baharier, the General Manager of Cetif Advisory, emphasized the significance of establishing a safe and open operating environment for supervised entities within the DeFi space.

The aspiration is to allow institutional market participants to navigate DeFi landscapes while adhering to stringent regulatory guidelines. A pivotal aspect of the project’s development involves enhancing Cetif Advisory’s Lionity platform, which has been recognized as an “institutional-grade automated market maker.” Cetif Advisory, a spinoff of the esteemed Cetif Research Centre at the Università Cattolica del Sacro Cuore in Milan, is leading the collaboration with the Bank of Italy’s Milano hub. The venture has garnered the support of several organizations, including Polygon Labs and Fireblocks.

Additionally, asides from the Bank of Italy’s Milano hub, notable Italian banks, asset management companies, and ten other financial institutions are actively participating in the initiative. The selection of the Cetif Advisory project came about during the Milano Hub’s second call for proposals, where it stood out among numerous fintech projects. As one of seven approved projects in this category, it is set to receive expert advice and extensive regulatory research assistance for six months, commencing this month.

The research focus on securities tokenization is timely, given its emergence as a promising field within blockchain technology. According to projections from Citi Global Perspectives & Solutions, the tokenized securities market could reach an impressive valuation of $4 trillion to $5 trillion by the year 2030. The sectors expected to witness the most significant tokenization growth include private equity, venture capital, and real estate.

The collaborative project’s multifaceted approach aims to bridge the gap between institutional investors and the DeFi realm, a domain that has traditionally been associated with more individual participants. By fostering an environment that adheres to regulatory compliance, the project seeks to facilitate seamless and secure participation from supervised entities in DeFi.

Certif Advisory wants to advance DeFi using its platform

The extension of the scope of analysis to secondary markets in the security token landscape adds a layer of sophistication to the ongoing research. This expansion of knowledge may prove instrumental in advancing DeFi technology further and opening up new avenues for investment. Cetif Advisory’s Lionity platform, as an institutional-grade automated market maker, is anticipated to play a pivotal role in streamlining transactions and enhancing liquidity in the DeFi environment.

The platform’s robust features are designed to cater to the specific needs of institutional players, fostering a conducive and efficient DeFi operating environment. The strategic collaboration with Polygon Labs and Fireblocks, alongside the participation of reputable financial institutions, underpins the project’s potential for real-world impact. As these organizations bring their expertise and resources to the table, the project gains access to a wealth of knowledge and practical insights that can steer it toward success.

The Bank of Italy’s Milano Hub’s support is a testament to the institution’s commitment to fostering innovation and research in the fintech domain. By providing expert advice and facilitating in-depth regulatory research, the Milano Hub is creating an enabling environment for projects like Cetif Advisory’s to flourish. The projected growth of the tokenized securities market in the coming decade underscores the significance of the research undertaken by Cetif Advisory and its partners.

As blockchain technology continues to evolve, security tokens are expected to play a transformative role in various industries, unlocking new possibilities for liquidity and investment. The collaboration between the Bank of Italy’s Milano Hub and Cetif Advisory marks a significant milestone in the advancement of institutional DeFi research.

By exploring security tokens’ potential on secondary markets and developing the Lionity platform, the project aims to foster a secure and regulated DeFi environment that welcomes institutional market participants. With the support of renowned organizations and financial institutions, this collaboration promises to contribute significantly to the evolving landscape of blockchain technology and tokenized securities.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Bank of Italy’s Milano hub to propel institutional DeFi research

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月27日 17:52
Next 2023年7月27日 18:38

Related articles

  • U.S., Hong Kong to implement stablecoin regulations soon

    TL;DR Breakdown Hong Kong and the U.S. are preparing to implement regulatory frameworks for stablecoins. The Hong Kong Monetary Authority (HKMA) plans to provide clear stablecoin guidelines by end of 2024. The U.S. House Financial Services Committee proposes to empower the Federal Reserve to regulate stablecoins. Contrasting strategies: Hong Kong aims to become a crypto hub, while U.S. regulations could lead some businesses to relocate. As the world of finance increasingly migrates towards digital currencies, two major jurisdictions, Hong Kong and the U.S., are poised to implement regulatory frameworks for stablecoins within their respective economies. Navigating the complexities of digital currencies, these financial behemoths aim to balance innovation with risk mitigation, showcasing contrasting strategies for fostering growth and ensuring protection within their borders. Hong Kong: Fostering growth and regulation The Hong Kong Monetary Authority (HKMA) has successfully concluded its public consultation concerning the regulation of stablecoins, promising clear guidelines for this burgeoning market by the close of 2024. This dynamic Asian financial hub, according to Joseph Chan Ho-Lim, Under Secretary for Financial Services and the Treasury, has grown into an…

    Article 2023年6月16日
  • Biden Administration Feels the Heat to Hasten Crypto Regulation Implementation

    TL;DR Breakdown The Biden administration is facing mounting pressure to speed up the implementation of a law aimed at cryptocurrency tax evasion, which, if enforced, could generate an additional $28 billion in federal revenue over a decade. The delayed tax regulation is part of a broader dispute, with crypto firms and venture capitalists lobbying for special provisions for their businesses. Description In a recent report by the Wall Street Journal (WSJ), there have been notable delays within the U.S. Treasury Department concerning the implementation of a law aimed at identifying tax evaders within the cryptocurrency space. The holdup has not only put the government’s financial standing in a precarious position but also induced tension within the … Read more In a recent report by the Wall Street Journal (WSJ), there have been notable delays within the U.S. Treasury Department concerning the implementation of a law aimed at identifying tax evaders within the cryptocurrency space. The holdup has not only put the government’s financial standing in a precarious position but also induced tension within the Biden administration. Billions of dollars in…

    Article 2023年8月3日
  • Bankrupt lender Celsius founder faces $40M bail and traveling restrictions

    TL;DR Breakdown Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. Mashinsky will be prohibited from traveling and will be unable to open new bank or cryptocurrency accounts.  This arrest and subsequent bail arrangement are part of a coordinated effort by various entities, including the Department of Justice, the Federal Trade Commission, and federal securities and commodities regulators. Description Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. The bail amount has been set at a staggering $40 million following his arrest on Thursday on charges of fraud. According to court documents, Mashinsky has pleaded not guilty to seven counts, … Read more Alexander Mashinsky, the founder and former chief executive of bankrupt crypto lender Celsius, has recently been granted bail by a U.S. District Judge. The bail amount has been set at a staggering $40 million following his arrest on Thursday on charges of fraud. According to court documents, Mashinsky has…

    Article 2023年7月14日
  • Could CBDCs ruin global finance? – The reality

    TL;DR Breakdown Technological advances have historically streamlined global finance. CBDCs (Central Bank Digital Currencies) might disrupt this trend. CBDCs can redefine cross-border transactions and finance. Their rise could challenge the dominance of systems like Swift and the US dollar. Description Historically, every technological leap within capital markets has pointed towards one universal truth: progress. From speedier transactions to plummeting costs, technology has persistently nudged global finance towards efficiency. But there’s a shadow looming on the horizon, a potential game-changer that may not sing the same tune of harmony and integration. Enter Central Bank Digital Currencies, … Read more Historically, every technological leap within capital markets has pointed towards one universal truth: progress. From speedier transactions to plummeting costs, technology has persistently nudged global finance towards efficiency. But there’s a shadow looming on the horizon, a potential game-changer that may not sing the same tune of harmony and integration. Enter Central Bank Digital Currencies, or CBDCs for short. A tide against the current Past technological introductions into the finance space have mostly streamlined processes. But CBDCs, although still in their infancy,…

    Article 2023年8月9日
  • All you need to know about Sam Bankman-Fried’s luxurious real estate empire

    TL;DR Breakdown Sam Bankman-Fried authorized multiple real estate purchases worth over $243 million. SBF deliberately misused customer funds to acquire the real estate, made false documents, and lied to banking partners    Investigations into FTX are still ongoing, with expectations of recovering more assets Description While everyone knows Sam Bankman-Fried(SBF), the head of the collapsed FTX exchange, was involved in fraudulent activity and a scammer, they know little about his being a real estate mogul. While running the exchange, he cashed out some of the exchange’s funds and purchased properties totaling $243 million.  SBF authorized multiple real estate purchases Sam … Read more While everyone knows Sam Bankman-Fried(SBF), the head of the collapsed FTX exchange, was involved in fraudulent activity and a scammer, they know little about his being a real estate mogul. While running the exchange, he cashed out some of the exchange’s funds and purchased properties totaling $243 million.  SBF authorized multiple real estate purchases Sam Bankman-Fried purchased properties worth over $243 million in 2021 and 2022 using customer funds for himself, his parents, his employees, and their friends…

    Article 2023年7月1日
TOP