Securitization Goes Natively Digital on DLT

Milan, June 8, 2026 · 5 min read

Weltix and doValue announce a partnership to issue and circulate securitization notes directly on a DLT registry, leveraging Weltix’s Consob-authorized infrastructure.

Securitization is one of the financial system’s most widely used tools for transforming receivables, mortgages, loans, and invoices into tradable securities.

While highly effective, it comes with a burden well-known to industry professionals: multiple intermediaries, manual reconciliations, long settlement times, and structuring costs that often make mid-sized transactions unsustainable.

This exact friction is the focus of the partnership announced on June 8, 2026, by doValue and Weltix.

The two companies have forged a strategic partnership to apply Distributed Ledger Technology (DLT) to securitization transactions—the first initiative of its kind in Italy.

The concept is simple in theory but highly complex in execution: securities are issued, held, and circulated digitally on a distributed ledger, while maintaining full legal equivalence with traditional instruments.

doValue, a leading European provider of integrated financial services with approximately €136 billion in assets under management, is opening access to this new funding tool for its client base. Weltix acts as the DLT Registry Manager, authorized by Consob (Authorization No. 23641).

Two complementary sets of expertise: the structuring and servicing of complex transactions on one side, and compliant natively digital issuance on the other.

Cosa cambia quando il titolo nasce su un registro distribuito

The practical result is a streamlined settlement and servicing process. Transaction settlement cycles are shortened, and data governance becomes truly end-to-end. Consequently, smaller-scale transactions—which are currently penalized by the fixed costs of traditional structuring—become economically viable. This is not the replacement of a financial instrument, but its technological upgrade within the existing regulatory framework.

The impact on issuers and investors

For Issuers. Banks, intermediaries, funds, and corporates gain access to a more efficient and scalable issuance tool, featuring streamlined processes and data control across the entire lifecycle.

For Investors. The native digitization of securities translates into greater transparency, faster settlement, and broader accessibility. This makes mid-sized transactions viable—assets that, under the traditional model, often fall short of the profitability threshold due to high structuring costs.

For Weltix, this confirms its role as a regulated technological infrastructure that enables financial institutions to adopt digital private asset management without forcing them to reinvent their processes.

The Conditional Subscription Agreement (ASC) combines legal innovation with regulated fintech infrastructure to align co-investment processes between funds and private investors, making transactions faster and more efficient. Already proven in live transactions, the framework is now public to establish a new industry standard.

MILAN, May 13, 2026 – Weltix, a leading fintech platform specializing in the digitization of unlisted financial instruments (private assets), in collaboration with law firm LEXIA and the Italian Tech Alliance, has unveiled the Accordo di Sottoscrizione Condizionato (ASC / Conditional Subscription Agreement). This new legal-operational framework is designed to make co-investment between institutional and private investors more efficient, aligned, and scalable.

The initiative took center stage at an launch event held on May 7 at LEXIA’s headquarters in Milan. The session highlighted the core features and practical applications of the ASC, which has already been successfully deployed in live transactions—including an €8 million secondary market operation involving D-Orbit S.p.A.

In the current market landscape, investment rounds that combine venture capital/private equity (VC/PE) funds with private investors often suffer from misaligned timelines, operational bottlenecks, and fragmented processes. These inefficiencies frequently disrupt deal execution and jeopardize overall transaction success. The ASC was created to overcome these hurdles. It introduces a regulated mechanism that allows platforms to raise capital from private investors ahead of the fund’s closing, subject to specific conditions precedent. The entire process is managed via platforms authorized and supervised by Consob in accordance with European Crowdfunding Service Providers (ECSP) Regulation (EU) 2020/1503.

By seamlessly integrating this legal instrument with a regulated digital infrastructure, the ASC transforms private investors from a fragmented, ancillary component into a fully integrated and strategic asset within the funding round.

LEXIA spearheaded the development of the ASC’s contractual architecture, defining its legal foundations and applications across various investment scenarios.

The Italian Tech Alliance, the benchmark association for the Italian venture capital and innovation ecosystem, supported the initiative to drive adoption and foster dialogue around these new operational workflows.

To maximize its impact on the industry, the ASC framework has been made available to the entire ecosystem as an open-source tool.

Media Contacts

Italian Tech Alliance | info@italiantechalliance.com | www.italiantechalliance.com

Weltix S.p.A. | press@weltix.tech | www.weltix.tech

LEXIA | milano@lexia.it | www.lexia.it

Already active in the equity incentive plans segment through partnerships with Uptevia and Optio Incentives, Weltix is structuring a direct go-to-market approach to consolidate its role as the benchmark Italian provider for multinationals, listed mid-caps, and innovative SMEs.

MILAN, May 12, 2026 — Weltix operates in the Italian equity compensation market as a partner to two of the sector’s leading international players: Uptevia, a joint venture between BNP Paribas SA and CACEIS Bank, which serves as the benchmark provider for share registry services and stock plan administration for major French groups such as EssilorLuxottica, Sanofi, and Saint-Gobain; and Optio Incentives, a European platform specializing in stock plan administration. To accelerate the penetration of its solutions within the Italian corporate market, Weltix announces the appointment of Gianni Orlandi as Senior Manager Equity Compensation, who will be responsible for leading and developing the business line dedicated to ESOP (Employee Stock Ownership Plan) and LTI (Long Term Incentive) plans.

A Consolidated Operational Base, Two International Partnerships

Equity compensation represents one of the most significant levers for talent attraction and retention in Italian companies of all sizes. Multinationals with Italian employees, listed mid-caps, and innovative SMEs increasingly rely on stock plans and stock options as central components of their reward and retention strategies. Weltix operates in this segment as the Italian withholding tax agent (sostituto d’imposta) for plans administered by Uptevia on behalf of international groups with employees in Italy, including EssilorLuxottica, Sanofi, and Saint-Gobain. On this consolidated operational foundation, the company is now launching a dedicated business line aimed directly at the corporate market, with the goal of offering an integrated value proposition that combines the technical depth of its trust structure with direct local client insight.

The Role of Senior Manager Equity Compensation

Orlandi will assume direct responsibility for the development of the business line, overseeing new business development, corporate client relations, strategic partnerships, and the coordination of operational delivery. Key areas of focus include: defining the go-to-market strategy, qualifying and closing new commercial agreements, managing existing accounts with responsibility for retention and cross-selling, co-designing the evolution of the offering, and defining the pricing model and competitive positioning.

Profile of Gianni Orlandi

Gianni Orlandi brings over ten years of experience in strategy and go-to-market roles at leading consulting firms and industrial groups. At Deloitte, where he held the position of Senior Strategy Manager, he led over thirty go-to-market initiatives in the banking, insurance, real estate, and investment management sectors, managing substantial budgets and multidisciplinary teams. Throughout his career, he has developed deep expertise with financial and insurance clients, including post-merger integration projects at Banca Patrimoni Sella and program management at Nexi, overseeing 80 projects across 8 divisions. Previously, at PwC and Capgemini Invent, he managed omnichannel and digital projects for major European banking, insurance, and telecom groups.

About Weltix S.p.A.

Weltix is Italy’s first integrated infrastructure for the digital management of private assets, backed by three regulatory authorizations from Consob, the Bank of Italy, and MIMIT (Ministry of Enterprises and Made in Italy). Its regulated platform offers plug-and-play services for issuance placement, natively digital trust custody, and financial instrument tokenization on DLT registries. It enables banks, intermediaries, and private investors to manage unlisted financial instruments in a compliant, digital, and scalable manner across three business lines:

• Regulated Placement (EU Reg. 2020/1503, Consob Authorization No. 22966)
• Trust Custody & Integrated Taxation (MIMIT Authorization dated 10/03/2020)
• Tokenization of Financial Instruments & DLT Registry Management (Consob Authorization No. 23641)

With its plug-and-play architecture, Weltix empowers banks, financial intermediaries, funds, and issuers to seamlessly adopt advanced technology for efficient private asset lifecycle management.

Partners

• Uptevia is the European leader in share registry services and equity compensation plan administration. Born from the integration of the issuer services business lines of BNP Paribas Securities Services and CACEIS, Uptevia serves over 350 listed issuers and manages stock plans for hundreds of multinationals, including EssilorLuxottica, Sanofi, and Saint-Gobain.
• Optio Incentives AS is a Norwegian stock plan administration platform, headquartered in Oslo and with a consolidated presence in the Italian market, specializing in software and services for the end-to-end management of employee stock plans. Optio serves corporate clients across Europe with an offering that combines technology, multi-jurisdictional compliance, and local tax services, including its collaboration with Weltix Fiduciaria for the Italian market.

The entry of two heavyweights from wealth management, private insurance, and quantitative finance accelerates the fintech’s positioning as the benchmark regulated infrastructure for private assets in Italy.

MILAN, 2026 – Weltix S.p.A., the first integrated and regulated fintech infrastructure for the digital management of private assets in Italy, announces a major enhancement of its governance with the appointment of Giuseppe Frascà and Mario Bortoli to its Board of Directors.

The appointment of two highly prominent figures in the Italian and European financial landscape comes during a phase of strong strategic acceleration for Weltix. The objective is to consolidate the company’s role as the leading technological and infrastructural partner for banks, advisory networks, and asset managers, backed by its three authorizations supervised by Consob, the Bank of Italy, and MIMIT (Ministry of Enterprises and Made in Italy).

Profiles of the New Board Members

Giuseppe Frascà is one of the leading figures in wealth management and private insurance in Italy and Europe. He holds a Law degree with a specialization in tax law from the Università Cattolica of Milan and began his professional career at the Zurich and RAS-Allianz groups. In 2001, he founded Farad International Luxembourg, an insurance broker that was among the first to introduce unit-linked and index-linked products under the Freedom to Provide Services (FOS) framework in Italy. In 2010, he co-founded Firstance (formerly First Advisory), today a leading European tech platform for private insurance solutions in wealth management, with over €40 billion in intermediated assets, where he currently serves as Founder & Board Member. From 2007 to 2010, he was also Chairman of the Permanent Technical Commission on Private Insurance established within AIPB (Italian Private Banking Association).

Mario Bortoli brings over twenty years of experience at the highest levels of asset management and quantitative finance. He holds a degree in Electronic Engineering from the University of Padua and earned a Master of Science in Computational Finance from Carnegie Mellon University in Pittsburgh. Throughout his career, he has held senior leadership roles at Dresdner Kleinwort Benson in London, Banca Monte dei Paschi di Siena, Sanpaolo Alternative Investments, and Eurizon Alternative Investments—where he served as General Manager and Chief Investment Officer—as well as Fideuram Investimenti SGR, where he was Head of Multi-Manager Investments. In 2015, he co-founded Euclidea SIM, the first Italian digital wealth management firm, which was recently acquired by Banca Ifis. He currently serves as Chairman of the Board of Directors at Hercle, an institutional infrastructure that integrates fiat currencies, digital assets, and stablecoins for global payment flows.

Corporate Statement

The addition of Frascà and Bortoli to the Weltix board addresses the need to guide a market—that of private assets and tokenization via DLT (Distributed Ledger Technology)—which is undergoing a structural paradigm shift. The combination of regulatory expertise, deep knowledge of private distribution networks, and quantitative asset management experience of the new directors will enable Weltix to accelerate the development of solutions capable of seamlessly, digitally, and scalably connecting the €5 trillion of Italian private savings with the real economy.

About Weltix S.p.A.

Weltix is Italy’s first integrated infrastructure for the digital management of private assets, backed by three regulatory authorizations from Consob, the Bank of Italy, and MIMIT. Its regulated platform offers plug-and-play services for issuance placement, natively digital trust custody, and financial instrument tokenization on DLT registries. It enables banks, intermediaries, and private investors to manage unlisted financial instruments in a compliant, digital, and scalable manner across three business lines:

1. Regulated Placement (EU Reg. 2020/1503, Consob Authorization No. 22966)
2. Trust Custody & Integrated Taxation (MIMIT Authorization dated 10/03/2020)
3. Tokenization of Financial Instruments & DLT Registry Management (Consob Authorization No. 23641 issued on 23/07/2025)

With its plug-and-play architecture, Weltix empowers banks, financial intermediaries, funds, and issuers to seamlessly adopt advanced technology for efficient private asset lifecycle management.

Media Contacts

• Weltix S.p.A. | Piazzale Cadorna 13, Milan | press@weltix.tech | www.weltix.tech
• IRTOP Consulting – Media Relations Advisor | Via Bigli 19, Milan | +39 02 4547 3884

Corporate Information

• Company: Weltix S.p.A.
• Placement: Consob Authorization No. 22966
• DLT Registration: Consob Authorization No. 23641 (issued 23/07/2025)
• VAT Number: 09650010961
• Certified Email (PEC): weltix@pec.it
• Registered & Operational Headquarters: Piazzale Cadorna 13, 20123 Milan, Italy

Weltix announces the appointment of Andrea Papa as Debt Capital Markets (DCM) Director.

This appointment marks far more than just a team expansion: it represents the launch of a new strategic business line for the company within the digital debt market.

Andrea built his expertise in fintech and corporate lending at Opyn, where he focused on developing financing solutions for SMEs and managing complex transactions, credit structures, securitizations, and digital processes applied to finance—always working closely with institutional investors, banks, and asset managers.

In his new role, Andrea will spearhead the development of activities related to natively digital debt products, leveraging blockchain technology and the Consob-authorized DLT (Distributed Ledger Technology) Registry—both central components of Weltix’s technological infrastructure.
Weltix has built an infrastructure that enables it to manage the entire lifecycle of debt instruments—from structuring and placement to post-issuance management—in an efficient, compliant, and scalable manner.

This model has already been proven through two transactions where Weltix acted as the technological and regulated partner for tokenized debt issuances with leading financial institutions, including UniCredit.

Weltix has announced the appointment of Federico Morgantini as its new Communication & Marketing Director. The appointment is part of a strategic reinforcement of the leadership team, aimed at consolidating the company’s institutional presence and expanding its communication footprint across the capital markets and private banking sectors.

Federico Morgantini brings a distinguished, multidisciplinary background as an entrepreneur, journalist, and digital technology expert. He holds a degree in Mechanical Engineering from the Politecnico di Milano. In 1998, he founded one of Italy’s pioneering web marketing agencies before gaining extensive international experience in Shanghai and Hong Kong, where he supported Italian companies entering Asian markets.

Since 2018, serving as a partner and media manager for Forbes Italia and Bluerating, he has overseen editorial and television content focused on innovation, the digital economy, and emerging technologies. In 2022, he launched an editorial agency specializing in content marketing for major publications, including DigiTech.News and AssetCrypto.

At Weltix, Morgantini will be responsible for consolidating corporate communications within the financial market and broadening the dialogue with traditional operators and institutional entities.

The private asset market now has a new operational infrastructure.
ClubDeal Digital announces its evolution into Weltix, introducing to the market the first “Private Assets Operating System.”
This is a fully regulated, end-to-end FinTech solution designed to digitalize and streamline the entire private investment value chain.

A unified solution for private assets

Thanks to three regulatory authorizations — Consob, the Bank of Italy, and MIMIT — Weltix integrates, within a single architecture, all processes related to the issuance, placement, custody, governance, and taxation of private assets.
This provides banks, intermediaries, institutional investors, and companies with a scalable, compliant, end-to-end operating model.

Weltix is not simply another digital platform — it is the infrastructure that connects all players across the private assets ecosystem, enabling the digitalization of processes and the secure circulation of financial instruments.

A focus on strategic value

With a “compliant by design” approach, Weltix introduces a new level of efficiency in the management of shares, units, minibonds, securitized instruments, and employee share plans, integrating fiduciary and tax processes in a fully automated environment.
This allows industry operators to focus on the strategic value of their work, while Weltix manages operational complexity.

In a market still fragmented and largely analog, the Weltix infrastructure makes private asset management scalable and interoperable, thanks to a field-tested technology supporting today more than 110 issuing companies across 7 geographies — Europe, North America, and Asia — overseeing the assets of over 16,000 private and institutional clients.

Article on: Wall Street Italia

From ClubDeal Digital comes Weltix, the first regulated “Private Assets Operating System” in Italy.

After the official launch, Pietro Maria Stellino explains how it will transform the work of bankers and advisors.

ClubDeal Digital evolves into Weltix, the first regulated Private Assets Operating System that brings private asset management to a new level of digitalization, transparency, and efficiency.
Thanks to its three authorizations—Consob, the Bank of Italy, and MIMIT—Weltix integrates all processes related to issuance, placement, custody, governance, and taxation of private assets into a single architecture, offering banks, intermediaries, institutional investors, and companies a scalable and fully compliant end-to-end model.

Weltix is not simply another digital platform.
It is the infrastructure connecting all players in the private asset value chain, enabling process digitalization and the secure, traceable circulation of financial instruments.

As explained by Antonio Chiarello, Founder & CEO of Weltix:

“We’re not building another platform — we’re building the operating system that supports new service models in private asset management.
Weltix is where compliance, technology, and execution come together: an infrastructure that allows banks and intermediaries to turn the promise of private assets into reality.”

On the same line, Roberto Ferrari, President of Weltix, added:

“With Weltix, private asset management finally becomes simple, transparent, and traceable.
It’s a unique step forward for the Italian fintech ecosystem, bringing innovation and trust to the real economy.”

“Bringing order to the world of Private Assets”

Pietro Maria Stellino, Senior Relationship Manager, Weltix Spa

After the rebranding and official launch, Pietro Maria Stellino — Senior Relationship Manager at Weltix — discusses the operational impact of the infrastructure on bankers, advisors, and private banking networks.

With a practical, day-to-day perspective, Stellino explains how Weltix aims to bring order to a still-fragmented sector, making the work of professionals smoother and the management of real-economy investments more efficient.

The private asset market is expanding quickly — but still perceived as difficult to manage. Where is the real obstacle today for bankers and advisors?

Today the challenge is not finding good opportunities in private assets, but managing them smoothly, compliantly, and efficiently while maximizing returns.
Anyone working in a bank or network knows what this entails: non-standardized documentation, long evaluation and subscription processes, unclear taxation, inconsistent information flows, and a complex after-sales phase.
All this slows down execution and reduces the time available for client service.

How does Weltix address this complexity?

Our role is to make access to private assets simple, traceable, and secure.

We are not talking about “just another platform,” but about a regulated infrastructure that integrates every step of the process—from issuance and placement to fiduciary custody and taxation—into a single environment.Weltix can become a tool in the hands of bankers, or an infrastructure supporting the bank in building or rethinking service models.In both cases, it enables full lifecycle management of the instrument — from subscription to corporate actions — in a transparent and frictionless way.

How does it change the day-to-day work of bankers or private advisors?

A great deal. Clear, digitalized workflows mean fewer errors, less bureaucracy, and more time for high-value advisory.
Advisors can offer clients new investment opportunities on specific transactions—not only funds—while retaining full oversight of the underlying asset and maintaining complete traceability of cash flows, taxation, and regulatory compliance.

Weltix’s recent authorization as a DLT Registry Operator represents a major step forward in this direction.What impact does it have on financial advisors?

It’s a step toward the future.
Thanks to technology and a favorable regulatory framework, we can dematerialize — through blockchain — financial instruments issued by unlisted companies, such as equity and bonds, reducing issuance costs and making their circulation more efficient.

For advisors, it means relying on a regulated infrastructure that automates the technical burden and increases the liquidity of private assets, giving them more freedom to focus on relationships, trust, and value creation for their clients.

What message would you like to leave to the world of private banking and advisory networks?

Today, bankers need tools that help them serve their clients better — not systems that complicate their lives.
Weltix was created precisely for this: combining the solidity of an infrastructure authorized and supervised by Consob, the Bank of Italy, and MIMIT with the simplicity of a digital platform.Integrating private assets into operational workflows efficiently and securely will no longer be a headache:
our job is to build solutions that genuinely work — in practice.

Original article published on We Wealth: “Weltix, the new fintech infrastructure simplifying the management of private assets.” By Chiara Samorì.