TLDR:
- BlockInvest, a tokenization firm, received funding from Open Venture for expansion
- Existing backer Crédit Agricole Italia has been involved in multiple tokenization initiatives with BlockInvest
Tokenization firm BlockInvest announced a strategic investment from Italian venture capital firm Open Venture. One of BlockInvest’s existing backers is Crédit Agricole Italia, with whom they have worked on various tokenization initiatives, including DLT trials with the Bank of Italy to develop a solution for mini digital bonds for SMEs. Additionally, BlockInvest has partnered with other institutional clients like David & Morgan and Centotrenta Servicing for tokenizing non-performing mortgages and asset-backed securities portfolios.
Open Venture’s CEO, Fulvio Andriolo, expressed excitement about joining forces with BlockInvest to boost the asset tokenization market in both Italy and overseas. The collaboration aims to accelerate and strengthen emerging companies in emerging markets.
Overall, BlockInvest’s recent funding and partnerships highlight the growing interest in asset tokenization and DLT solutions in the financial industry.
