Category: Weltix news

The transaction—an NPL securitization featuring ABS notes issued natively digital on the public Polygon blockchain—is aimed at a private club deal of non-institutional professional investors.

Milan, 09/22 2026 – Weltix S.p.A., a company authorized by CONSOB as a DLT Register Manager, announces that it has supported ARC Real Estate S.p.A. in the SOLARIS transaction—a new securitization of NPL (Non-Performing Loan) receivables whose notes are created natively digital on a public blockchain. For the first time, the tokenization of a transaction of this kind expands beyond the institutional realm, opening up to a club deal of professional private investors.

The underlying portfolio consists of NPL receivables sold directly by banks and backed by real estate collateral: an asset class that is typically difficult for private individuals to access through traditional channels. Thanks to the structure developed by ARC and the implementation of tokenization, professional private investors can access this opportunity directly on the primary market, as the transaction is being structured.

ARC Real Estate S.p.A. acted as Originator and Special Servicer, coordinating a network of specialized entities. 130 Servicing S.p.A. served as Master Servicer, Corporate Servicer, and Calculation Agent; Greenberg Traurig acted as legal partner. Weltix S.p.A. acted as the DLT Register Manager, ensuring issuance and wallet ownership verification, and will manage the entire lifecycle of the tokenized ABS notes in compliance with Italian regulations introduced by the FinTech Decree, supported by BlockInvest‘s technology. The entire structure was created in compliance with Italian Law 130/99.

The ABS notes issued by the vehicle are recorded on the public Polygon blockchain. Under this model, the DLT Register Manager serves as the layer guaranteeing legal validity and clear ownership of the instruments: the blockchain is not merely a technology to digitally represent assets and track records, but is embedded within a regulated infrastructure that accompanies the transaction from primary market issuance to potential secondary market trading.

The transaction confirms the evolution of tokenization from an experimental technology into a concrete operational model for structured finance, capable of expanding the investor base with access to private assets.

The €10 million transaction represents the first concrete application of the partnership announced in June and marks a significant step forward in the use of DLT technology in NPL securitizations.

Just over a month after the announcement of the strategic partnership between doValue and Weltix to apply Distributed Ledger Technology (DLT) to securitization operations, the project reaches a significant operational milestone today with the completion of the first tokenized issuance within an NPL securitization.

doValue S.p.A., a European strategic financial services provider, and Weltix S.p.A., an infrastructure provider authorized by CONSOB as a DLT Register Manager, have given concrete execution to the industrial vision presented by the two companies last June, demonstrating doValue’s ability to swiftly turn this vision into an operational, regulated solution applied to a real market transaction.

The doValue group, through its subsidiary doNext S.p.A., handled the establishment of the special purpose vehicle and serves as Master Servicer, Corporate Services Provider, Calculation Agent, Representative of the Noteholders, and Paying Agent, leveraging its expertise in structuring and managing securitization transactions. Teda Service S.r.l. acts as the Special Servicer for the transaction and coordinated the investor club deal. Weltix S.p.A. acted as Manager of the DLT Register, ensuring the digital issuance, management, and circulation of the financial instruments in compliance with the Italian regulations introduced by the FinTech Decree, with legal support from Simmons & Simmons and technological support from BlockInvest. Legal counsel for the transaction was provided by Intellexia Sta S.r.l., with a team led by managing partner Vanessa Solimeno.

The use of DLT technology allows securities to be natively digital, eliminating the need for subsequent dematerialization and streamlining issuance, management, and transfer processes. Furthermore, The infrastructure developed by BlockInvest, Weltix’s technological partner, enables greater transaction traceability, digital governance over the entire lifecycle of the financial instrument, and faster settlement times compared to traditional models.

The transaction confirms growing market interest in using DLT technology in structured finance and represents a further step toward the digitalization of securitizations.