The Bank of Italy’s Fintech Milano Hub is running a series of DLT trials, with one of them targeting debt instruments issued by Italian SMEs, including bonds. The tokenized bond solution is led by technology provider BlockInvest which is backed by Crédit Agricole. It will involve a consortium of Crédit Agricole Italy, its wealth management subsidiary Indosuez, neobank Illimity, and Deloitte.
The aim is to empower individuals to invest in the SME debt instruments. While the offering will be accessible on public blockchain (BlockInvest uses Ethereum and Polygon), only accredited investors will be able to buy the tokens.
BlockInvest also aims to explore a potential secondary market using its own blockchain standard to ensure interoperability between the issuers’ tokens.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
