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

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.

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.

The company brings together, in a single architecture, all processes related to the issuance, placement, custody, governance, and taxation of private assets, offering banks, intermediaries, institutional investors, and companies a fully compliant and scalable end-to-end operating model.

ClubDeal Digital is evolving and rebranding as Weltix, marking the launch of the first Private Assets Operating System—a regulated FinTech infrastructure enabling transparent, efficient, and fully digital private asset management (as stated in the official press release).

The subsidiary ClubDeal Spa, a fintech platform simplifying private asset management founded by CEO Antonio Chiarello, integrates—thanks to its three regulatory authorizations from Consob, the Bank of Italy, and MIMIT (Ministry for Business and Made in Italy)—all processes related to issuance, placement, custody, governance, and taxation of private assets into a single unified system.
This provides banks, intermediaries, institutional investors, and companies with a scalable, fully compliant operating model.

Weltix is not just another digital platform.
It is the infrastructure that connects every player in the private assets value chain, enabling the digitalization of processes and the secure circulation of financial instruments.
In practice, Weltix introduces a new level of efficiency in the management of shares, units, minibonds, securitized instruments, and employee share plans, integrating fiduciary and tax workflows in a fully automated way. Operators can concentrate on the strategic value of their work while Weltix manages operational complexity.

Weltix operates through a proprietary technological platform that already supports over 110 issuing companies across seven geographies—Europe, North America, and Asia—managing the assets of more than 16,000 private and institutional clients.
The platform covers multiple business lines: digital issuance and DLT registry services; regulated placement (Reg. EU 2020/1503); and integrated fiduciary and tax custody.

“We’re not building another platform—we’re building the operating system that supports new service models for private asset management.
Weltix is where compliance, technology, and execution meet—an infrastructure that enables banks and intermediaries to turn the promise of private assets into reality.”
Antonio Chiarello, Founder & CEO of Weltix Spa

Roberto Ferrari, President of Weltix, added:

“With Weltix, private asset management finally becomes simple, transparent, and traceable.
It is a concrete step forward in bringing innovation and trust to the real economy.”

Last September, ClubDeal announced the launch of its share tokenization initiative, making it the first Italian company to transform its share capital into financial instruments registered on a public blockchain, fully equivalent to traditional securities (see BeBeez).
The tokenized shares are recorded in the digital register managed directly by ClubDeal Spa in its role as DLT Registry Operator, as defined by the 2023 FinTech Decree.

Last July, ClubDeal obtained authorization to act as DLT registry service provider for the circulation of digital financial instruments (see press release).
The new license allows ClubDeal Digital to manage the issuance, registration, and transfer of tokenized financial instruments using blockchain technology, leveraging its platform which already includes digital onboarding, AML/KYC compliance, and fiduciary administration services.
It is worth recalling that ClubDeal Spa is the parent company of Weltix, as well as of the ClubDealOnline.comcrowdfunding platform, dedicated to HNWIs, family offices, and institutional investors in private assets.

Founded in 2017, ClubDeal Spa remains controlled by founder Antonio Chiarello (formerly Chief Investment Officer of Neva Finventures of Intesa Sanpaolo and key contributor to the launch of the Neva First fund). Over the years, several investors have joined the company.
The most recent round—announced in October 2023—involved €1.5 million, subscribed by the Fondo Rilancio Startup, managed by CDP Venture Capital SGR, along with other notable investors.
The operation valued the company at €18 million and was executed through convertible participating financial instruments.

Article on BeBeez

For the first time, an Italian company has tokenized its own shares on a public blockchain, taking advantage of the framework introduced in 2023 with the FinTech Decree.
The tokenized shares are fully equivalent, from a legal standpoint, to traditional paper-based instruments.

Weltix S.p.A.—a Consob- and Bank of Italy-authorized fintech platform simplifying private asset management—announces the launch of its share tokenization process, becoming the first Italian company to transform its share capital into financial instruments registered on a public blockchain and fully recognized as traditional securities.

The tokenized shares will be recorded in the digital register managed directly by Weltix in its role as DLT Registry Operator, in accordance with the FinTech Decree (D.L. 25/2023).

The tokenization of Weltix S.p.A.’s shares was carried out using a technological infrastructure developed with partner BlockInvest, based on the Polygon PoS public blockchain.

This infrastructure makes it possible to:

• Assign full legal value to the tokenized asset, replacing traditional paper-based formats under current regulations.
• Ensure transparency and immutability of corporate record-keeping.
• Simplify the management of the shareholder base, with secure and traceable digital transfers.
• Reduce the number of intermediaries required for the issuance and transfer of financial instruments.

This marks an important step forward for the future of the private markets: much like the transition from paper certificates to dematerialized securities, this new paradigm represents an evolution in how all market participants can interact with financial instruments—unlocking benefits across the entire value chain.

The tokenization of Weltix’s shares is the first practical application of the new service launched by Weltix last July for blockchain-based private asset management.
The service is designed primarily for banks, asset management companies (SGR), investment firms (SIM), and institutional investors, and leverages blockchain technology for the issuance, registration, and transfer of tokenized financial instruments—including company shares, corporate bonds and notes, participatory financial instruments, and securitized products.

The regulated infrastructure redefining the digital management of private assets

ClubDeal Digital evolves into WELTIX, marking the launch of the first “Private Assets Operating System”:
a regulated FinTech infrastructure that enables a fully digital, transparent, and efficient management of private assets.

Thanks to its three regulatory authorizations—Consob, the Bank of Italy, and MIMIT—Weltix brings together in a single architecture all processes related to the issuance, placement, custody, governance, and taxation of private assets.
This integrated model offers banks, intermediaries, institutional investors, and companies a scalable, compliant, end-to-end operating system.

Weltix is not just another digital platform.
It is the underlying infrastructure that connects every player in the private assets value chain, enabling process digitalization and the secure circulation of financial instruments.

With a “compliant by design” approach, Weltix brings new levels of efficiency to the management of shares, units, minibonds, securitized products, and employee share ownership plans, integrating fiduciary and tax workflows in a fully automated environment.
This allows operators to focus on the strategic value of their work, while Weltix handles operational complexity.

In a market that is still fragmented and largely analog, Weltix’s infrastructure makes private asset management scalable and interoperable, powered by a technology already tested in the field.
Today, this technology supports over 110 issuing companies across 7 geographies—Europe, North America, and Asia—managing the assets of more than 16,000 private and institutional clients.