In 1926, King Vittorio Emanuele III of Italy conferred the prestigious Grand Cord of the Crown on Francisco Matarazzo, a notable industrialist who immigrated to São Paulo. This award is a significant honor, traditionally reserved for Italians who have distinguished themselves through patriotism, culture, intelligence, and notable activities. Matarazzo's selection highlights his influential role in Brazil's industrial landscape as a prominent figure of Italian heritage.

The Grand Cord of the Crown is a coveted title with strict limitations, typically awarded to a maximum of 20 individuals each year. Matarazzo's early recognition in this exclusive group underscores his impactful contributions to both his adopted country and the Italian community abroad. His achievements in the industrial sector are celebrated, reflecting the potential and integration of immigrants in shaping the economic fabric of their new home countries.

This recognition not only honors Matarazzo personally but also serves as a symbol of the ties between Italy and Brazilian society during a period of significant immigration. It signals a commendation of immigrant contributions to national development, as well as the continuing relevance of cultural heritage in global contexts. The award continues to resonate with descendants and members of the Italian diaspora, contributing to a legacy of hard work and assimilation that characterizes Matarazzo's life and achievements in Brazil.