Drex

Itaú Unibanco is working with OpenAssets on an ANBIMA-led pilot testing tokenized fixed-income securities and investment funds. The move adds the weight of Latin America’s largest bank by assets to Brazil’s expanding push to bring traditional financial assets onto blockchain rails.

The United States is preparing a 25% Section 301 tariff on most Brazilian goods from July 22, citing Brazil’s Pix instant-payment system as an unfair trade barrier. The dispute lands as dollar-linked stablecoins already account for about 90% of Brazil’s crypto transaction volume, complicating the debate over dollar influence in digital payments.