🇮🇹The Bank of Italy innovation center selected a decentralized finance ( DeFi ) project involving Ethereum scaling network developer Polygon Labs and crypto infrastructure provider Fireblocks to help financial institutions dabble in DeFi and tokenized assets.

The project will involve Italian banks, asset managers and financial institutions, according to a press release, including the country's largest banking group, Intesa Sanpaolo, with total assets under management of over $1 trillion (975 million EUR).

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