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.
