Itaú Is Taking Tokenization Into the Mainstream
Hey Digital Banking Fanatic!
Itaú is taking another step into tokenized finance.
Brazil's largest bank by assets is teaming up with OpenAssets to test tokenized bonds and investment funds through an ANBIMA pilot.
The bigger question is what happens after the pilot. Brazil has already been pushing tokenization across its financial system, and Itaú was part of the central bank's Drex pilot. Now one of the country's biggest banks is testing whether traditional assets can actually move onto blockchain rails at scale.
You'll also find a look at Revolut's 2025 numbers, with revenue up 46% to £4.5 billion and net profit up 70% to £1.3 billion. Growth came across payments, interest income, subscriptions, wealth, and FX rather than from a single product.
Now, let's dive into today's biggest Digital Banking stories 👇
See you tomorrow!
Cheers,
INSIGHTS
💡 Revolut: From FinTech to a Diversified Financial Ecosystem. Revolut delivered strong growth in 2025, with revenue reaching £4.5B (+46%), net profit £1.3B (+70%), and users 70M (+33%). Payments, interest income, subscriptions, wealth, and FX all scaled together, signaling a shift from a product-led FinTech toward a broader financial ecosystem with banking at its core.
NEWS
🇧🇷 Brazil's largest lender Itaú steps deeper into tokenization, partnering with OpenAssets on a pilot run by industry body ANBIMA. The project tests how fixed-income securities and funds can be issued and settled using distributed-ledger technology.
🇰🇷 KakaoBank union begins a work-to-rule protest, refusing overtime and holiday work starting August 12. Union members will strictly adhere to 40-hour weekly limits and disconnect from all work communications outside designated hours.
🇬🇧 Zopa partners with Hive to finance greener home upgrades for up to 20 million UK homes. Eligible Hive customers can apply for a Zopa personal loan to spread the cost of solar panel installations over one to seven years.
🇬🇧 Bank of England to test stablecoin and digital currency use in cross-border finance, joining a BIS-led pilot alongside other central banks. The initiative will explore how digital currencies can settle international transactions more efficiently.
🌍 Bank of America and JPMorgan Chase join Swift's new cross-border framework, alongside about 60 banks in 25 countries. The framework targets smaller transactions like remittances with near-real-time settlement and fixed fees.
🇬🇧 Countingup launches business bank accounts, doubling down on all-in-one finance for SMEs. The app has served over 100,000 small businesses and now offers FSCS-protected accounts through Griffin, adding Open Banking compatibility and 1.2% AER savings.
🇺🇸 Sionic launches Instant Bank Pay in the U.S. through the Microsoft Marketplace. The solution enables instant A2A payments for businesses, targeting faster settlement and lower processing costs.
🇺🇸 Flywire expands open banking payments in the U.S. and Canada through an extended partnership with Trustly. Payers can now authorize large domestic and cross-border payments directly from their bank accounts, improving accuracy and reducing payment failures.
🇸🇦 Spare partners Tabadulat to enable Pay-by-Bank funding for investment accounts. The collaboration allows investors to fund accounts directly from their bank, removing friction from the onboarding process. Keep reading
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