Jinse Finance reported that Bank of Italy’s Milan Hub Innovation Center will provide support for the project developed by Cetif Advisory, which aims to research the security token ecosystem of institutional decentralized finance (DeFi). Expand the scope of analysis of security tokens on the secondary market. Security tokens are digital representations of ownership of real-world assets. In a statement, Imanuel Baharier, managing director of Cetif Advisory, said: “We believe it is critical to create the conditions for DeFi to operate as a safe and open environment for regulated entities.


Cetif Advisory is an affiliate of the Cetif Research Center of the Catholic University of Milan. The project is a collaboration with Polygon Labs, Fireblocks, and other organizations. Italian banks, asset managers and ten other financial institutions will participate.
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