UniCredit and Cassa Depositi e Prestiti (CDP) have invested in Italy’s first minibond fully tokenized on public blockchain, marking a shift in how small and midsize enterprise debt securities can be issued and managed digitally.
The €5 million digital bond for E4 Computer Engineering, a European provider of supercomputing and artificial intelligence solutions, was split equally between the two financial institutions. State owned export credit agency SACE guaranteed 50% of the six-year bond.
UniCredit structured the bond, with the transaction using the BlockInvest platform to digitize the entire issuance and management process, with the security tokenized and registered on the Polygon PoS blockchain. This approach replaces traditional paper-based workflows while creating an immutable transaction record. Weltix served as distributed ledger registry manager, while Simmons & Simmons provided legal and tax advisory services.
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