Milano Hub, the Bank of Italy’s Innovation Centre, selects “Institutional DeFi for Security Token Ecosystem Project” promoted by Cetif Advisory in collaboration with Polygon Labs on an ecosystem project to research opportunities offered by decentralized finance (DeFi) and experiment with security tokens.

Cetif Advisory is leading the collaboration that also includes enterprise digital asset operations platform Fireblocks, technical developer Reply, legal and tax consultant Linklaters, and Web3 studio DVRS. The project will also involve leading Italian banks, asset management companies and financial institutions.

Institutional players require platforms that allow them to interact within DeFi in accordance with stringent regulatory compliance requirements. The Lionity platform, the first European institutional grade automated market maker for the secondary market of security tokens, is an example of such a system currently in development.

“We believe it is vitally important to create the conditions for DeFi to become a safe and open operating environment for supervised entities as well,” said Imanuel Baharier, General Manager of Cetif Advisory. “We are confident that enormous benefits for the entire financial system could result from such accessibility in terms of security for institutional and professional operators, and in terms of opportunities, stability, and resilience for the whole system.”

The selected projects will receive developmental support from Milano Hub for six months beginning this month. The support will come in the form of sector expertise in banking, financial and insurance matters; regulatory in-depth studies; as well as the organization of seminars, events, conferences with representatives from the projects, institutions and the academic world. The support will not cover marketing activities. 

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