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BlockInvest selected by Bank of Italy among Milan Hub projects to create a platform for issuing tokenized debt instruments

BlockInvest, in collaboration with Crédit Agricole Italia, Indosuez W.M., Illimity, Deloitte, is proud to announce that its project has been selected as one of the winning fintech projects of the Bank of Italy’s Milan Fintech Hub “Call for proposals.”

The goal is to realize a Blockchain-based technological solution that will allow, on the one hand, Italian companies to finance themselves more efficiently through the issuance of “tokenized” debt instruments (such as bonds, minibonds) and, on the other hand, to offer qualified investors an accessible tool capable of attracting new liquidity to the market.

The project is particularly aimed at supporting Italian SMEs, with the aim of channeling private individuals’ savings into the real economy through a transparent, secure and highly innovative system.

In addition, as part of this project, an implementation of a secondary market that is robust and scalable will be studied. This will be made possible through BlockInvest’s development of a security token standard that will ensure maximum interoperability among the instruments and issuers involved.

The selection of the project among those chosen by the Bank of Italy is a significant acknowledgement that confirms BlockInvest’s approach with public blockchains, which provide high transactional transparency and easy oversight by regulators, fostering a secure and reliable investment environment for all stakeholders.

BlockInvest has enlisted the support and collaboration of Crédit Agricole Italia, Indosuez W.M., Illimity, and Deloitte to pursue this ambitious project. This collaboration from a strategic perspective brings together complementary skills and extensive experience in finance, technology, planning and regulation, creating a solid foundation for the success of this initiative.

“BlockInvest is extremely honored to have been selected among the projects of the Bank of Italy’s Milan Fintech Hub,” said Lorenzo Rigatti, CEO of BlockInvest. “This opportunity allows us to advance our vision of supporting Italian SMEs through blockchain technology and contribute to innovation and economic growth in our country.”

BlockInvest, in collaboration with its partners, will work closely with Banca d’Italia to launch this revolutionary platform, establishing itself as a central player in the field of integrating financial systems on blockchain.

BlockInvest is a fast-growing fintech startup based in Milan, founded by professionals from the blockchain, real estate and financial sectors. It provides plug and play and customized solutions for companies and financial institutions wishing to enter the blockchain space by tokenizing different types of assets represented on blockchain. As of December 2021, it became the first Italian startup in which Crédit Agricole chose to invest.

Image by Dimitris Vetsikas from Pixabay

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