According to Cointelegraph, the Bank of Italy’s Milano Hub innovation center will support a project developed by Cetif Advisory to study the security token ecosystem for institutional-grade DeFi.
The project has no “commercial purpose” but will expand the “scope of analysis” of security tokens on the secondary market, in an effort to allow institutional market participants to operate in the DeFi environment while adhering to regulatory guidelines. It will further develop Cetif Advisory’s Lionity platform, which it describes as an “institutional-grade automated market maker.”