UniCredit issues its first tokenised structured note

Reuters

Fri, December 19, 2025 astatine 10:42 AM CST 1 min read

MILAN, Dec 19 (Reuters) - Italian slope UniCredit said connected Friday it had issued ​its archetypal tokenised structured enactment for backstage ‌investors, a week aft issuing its archetypal tokenised minibond ‌together with authorities lender Cassa Depositi e Prestiti.

Tokenisation turns a accepted fiscal instrumentality — specified arsenic a enslaved oregon enactment — into a integer mentation ⁠which has ‌full ineligible value. The token is recorded connected a shared blockchain, a ‍digital ledger that replaces accepted registries.

Tokenisation cuts issuance costs, including by reducing manual processing and removing the ​need to lodge securities with a custodian.

The ‌note targets nonrecreational wealthiness absorption clients, UniCredit said.

UniCredit said BlockInvest had provided the exertion to contented the integer note, portion Weltix — authorised by Italian markets regulator Consob to tally ⁠a integer registry — recorded the ​note connected a nationalist ​blockchain.

UniCredit said the woody fto it tally a afloat integer issuance from commencement ‍to decorativeness ⁠and accommodate its systems to standards it expects volition go communal successful the industry.

The ⁠bank said this enactment it among Italy's aboriginal movers ‌in blockchain-based securities.

(Reporting by Valentina Za. ‌Editing by Jane Merriman)