Italy’s first tokenized structured debt has been delivered to retail investors through a major bank’s wealth platform, taking Italy’s capital market a step towards on-chain finance.
UniCredit and BlockInvest complete first tokenized investment product for retail clients in Italy
above December 19, 2025 in milan, block investment supported unicredit Italy’s first tokenized structured bond issued to individual investors within a bank wealth management segment. Transactions are executed and managed by UniCredit. Weltics‘s digital register relies on BlockInvest technology infrastructure and will continue to fintech ordinance. Furthermore, this represents a concrete application of blockchain to regulated investment products.
The transaction was executed entirely through BlockInvest’s platform and a digital register operated by Weltix. Compliance with FinTech laws and regulations. This largely follows the first native digital mini-bond built by UniCredit in the previous week and highlights the bank’s progressive strategy towards digital securities. However, this new operation is specifically targeted at retail investors and will expand access to tokenized products.
Product structure and blockchain-based lifecycle management
Designed for professional clients within UniCredit’s wealth sector, this bespoke product offers: capital protection and returns it with an index Yuribo 3M. Thank you for registering with public blockchainthe entire equipment lifecycle can be managed completely digitally. The result is reduced operational complexity associated with traditional processes and enhanced transaction traceability.
BlockInvest provided a platform that enables the digitization of financial products, representation of financial products on public blockchains, and integration with financial products in line with FinTech legislation. Digital register Weltix operates as a licensed registered operator. Additionally, workflows that were previously fragmented across multiple systems and intermediaries are now managed through a unified digital infrastructure that respects regulatory standards.
Through this setup, UniCredit was able to test an end-to-end issuance and management process exclusively for retail customers using a single digital architecture. That said, the core functions of risk management and investor protection remain anchored in the existing regulatory framework, demonstrating that innovation and compliance can in fact coexist.
Tokenization, regulation and efficiency gains
This structured memo is aimed at professional clients in UniCredit’s wealth sector and highlights how tokenization can be extended to advanced investment products without compromising regulatory oversight. this tokenized investment products Comply with investor protection rules while leveraging distributed ledger technology to increase efficiency. It also shows that wealth managers can incorporate digital asset technology into their traditional services.
Thanks to the use of DLTissuance and settlement timelines are significantly reduced compared to standard capital market procedures. Additionally, transaction traceability is now native and independently verifiable on a public ledger, making operational processes more efficient than traditional models. In this context, tokenized structured notes serve as a live test case for how on-chain workflows can streamline post-trade activities.
This transaction is block investment An infrastructure that supports multiple use cases on the same technology base. Officials say the same architecture can be extended to other asset classes and structures, such as mini-bonds and additional asset management tokenization initiatives. However, each future project will still need to respect strict regulatory requirements and investor protection measures.
Strategic relevance to the Italian market
The success of this transaction highlights Italy’s growing role in regulated digital securities. By combining UniCredit’s distribution capabilities with BlockInvest’s technology and Weltix’s role as registration operator, the partners have introduced a repeatable model for public blockchain registration of financial products. In this way, tokenized structured notes become both a commodity and a proof of concept for broader digital transformation.
In summary, this operation shows how a large Italian bank, with the support of specialized fintechs and certified registered providers, can use blockchain to issue and manage complex financial products more efficiently, while firmly adhering to existing regulations, and could open the door to widespread adoption of on-chain securities in the coming years.
