Brazil's second largest private bank Bradesco completes approximately $1.95 million in tokenized note transactions in the central bank's regulatory sandbox

Bradesco, Brazil’s second largest private bank, completed the first transaction of tokenized credit notes totaling 10 million Brazilian reais ($1.95 million) under the regulatory sandbox operated by the Central Bank of Brazil, according to CoinDesk. Blockchain technology, which allows companies to raise funds at a lower cost and more securely than traditional markets, further increases the liquidity possibilities of the Brazilian secondary private securities market".