Italy’s capital markets take a step into on-chain finance because the nation’s first tokenized structured notice reaches non-public buyers by way of a serious financial institution’s wealth platform.
UniCredit and BlockInvest full first tokenized funding product for Italian non-public shoppers
On December 19, 2025 in Milan, BlockInvest supported UniCredit in issuing Italy’s first tokenized structured notice for personal buyers inside the financial institution’s Wealth Administration section. The transaction, executed by UniCredit and managed by way of Weltix‘s digital register, relied on the BlockInvest expertise infrastructure and remained absolutely aligned with the FinTech Decree. Furthermore, it represents a concrete software of blockchain to regulated funding merchandise.
The deal was executed by way of BlockInvest’s platform and the digital register operated by Weltix, in full FinTech Decree compliance. It carefully follows the primary native digital minibond structured by UniCredit the earlier week, underlining the financial institution’s progressive technique on digital securities. Nevertheless, this new operation particularly targets non-public buyers, widening entry to tokenized devices.
Product construction and blockchain-based lifecycle administration
The tailored product, designed for skilled shoppers inside UniCredit’s Wealth section, gives capital safety and returns listed to Euribor 3M. Because of registration on a public blockchain, all the lifecycle of the instrument may be managed in a completely digital approach. In consequence, operational complexity linked to conventional processes is lowered, whereas transaction traceability is enhanced.
BlockInvest delivered the platform that enabled the digitalization of the monetary instrument in step with the FinTech Decree, its illustration on a public blockchain, and its integration with the digital register Weltix operates as a certified Register Operator. Furthermore, a workflow that was beforehand fragmented throughout a number of programs and intermediaries has been managed by way of a unified digital infrastructure that respects regulatory requirements.
By way of this setup, UniCredit was in a position to check an end-to-end issuance and administration course of devoted to personal shoppers, utilizing a single digital structure. That stated, the core options of danger management and investor safety stay anchored to the present regulatory framework, exhibiting that innovation and compliance can coexist in observe.
Tokenization, regulation, and effectivity features
The structured notice, aimed toward skilled shoppers inside UniCredit’s Wealth section, highlights how tokenization can lengthen to stylish funding merchandise with out compromising regulatory oversight. This tokenized funding product aligns with investor safety guidelines whereas exploiting distributed ledger expertise for effectivity. Moreover, it reveals that wealth managers can embed digital property applied sciences into their conventional choices.
Because of using DLT, issuance and settlement timelines are considerably lowered in comparison with customary capital markets procedures. Furthermore, transaction traceability turns into native and independently verifiable on a public ledger, whereas operational processes obtain greater effectivity than legacy fashions. On this context, the tokenized structured notice serves as a reside check case for the way on-chain workflows can streamline post-trade actions.
This transaction confirms the pliability of the BlockInvest infrastructure in supporting a number of use circumstances on the identical technological base. In accordance with the events, the identical structure may be prolonged to different asset courses and constructions, together with minibonds and extra wealth administration tokenization initiatives. Nevertheless, every future mission will nonetheless have to respect strict regulatory necessities and investor safeguards.
Strategic relevance for Italian markets
The profitable execution of this deal underscores Italy’s rising function in regulated digital securities. By combining UniCredit’s distribution capabilities with BlockInvest’s expertise and Weltix’s function as Register Operator, the companions have launched a repeatable mannequin for public blockchain registration of economic devices. On this approach, the tokenized structured notice turns into each a business product and a proof-of-concept for broader digital transformation.
In abstract, the operation reveals how a serious Italian financial institution, supported by a specialised fintech and a certified register supplier, can use blockchain to problem and handle advanced devices extra effectively whereas remaining firmly inside present regulation, opening the door to wider adoption of on-chain securities within the coming years.
