Bank of Italy innovation hub supports research into security tokens on secondary markets
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The Bank of Italy’s Milano Hub innovation center will provide support for a project developed by Cetif Advisory to research a security token ecosystem for institutional decentralized finance (DeFi). The project has no “commercialisation purpose,” but will extend “the scope of analysis” of security tokens on secondary markets. Security tokens are digitized representations of the ownership of real-world assets. Cetif Advisory general manager Imanuel Baharier said in a statement: “We believe it is vitally important to create the conditions for DeFi to become a safe and open operating environment for supervised entities.” The project will strive to allow institutional market
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