Digital Fiduciary: How Capital Raising Management is Changing

This separation does not affect economic rights. The individual trustor continues to receive dividends and capital gains and issues instructions regarding decisions (voting, participating in capital increases, selling) that the fiduciary executes on their behalf. It is an administrative tool, not an investment product, and it is not an opaque shield: the fiduciary knows the trustors and is subject to identification and customer due diligence obligations regarding anti-money laundering.

This model is particularly useful in operations with many investors, such as club deals. Instead of having dozens of individuals appear separately on the cap table, the fiduciary represents them as a single registered entity. The ownership structure remains orderly, collecting instructions and exercising rights becomes simplified, and the company raising capital manages meetings and capital increases without becoming bogged down.

The Limitations of the Traditional Fiduciary

The way fiduciaries have historically been managed—on paper with manual steps—presents certain limitations. These do not concern the legal nature of the tool, but rather the process, and center on three main points:

• Speed: Activating a mandate—between collecting documents, original signatures, and setup—takes anywhere from a few days to several weeks. This delay is problematic when the transaction is already underway and the mandate is the final step before closing, often needing to be completed for dozens of entities.

• Bureaucracy: Every stage relies on physical documents in multiple copies, multiplying compliance burdens and increasing the margin for error with every manual step.

• Group Coordination: When there are many investors, collecting their instructions and forwarding them to the fiduciary through forms, emails, and reminders becomes a slow, manual chore.

Because these limitations stem from the process rather than the legal tool itself, the digital fiduciary steps in to streamline that very process.

What a Digital Fiduciary Is and What It Solves

A digital fiduciary transitions the entire lifecycle—mandate opening, onboarding, instruction gathering, compliance, reporting, and transfers—onto an online platform instead of managing it on paper. The legal nature of the tool does not change; what changes is process execution, which resolves the three limitations of the traditional model.

Opening a mandate occurs entirely online, even from a mobile device. Investor identification and document signing are completed remotely via qualified electronic signature, eliminating paper documents. This compresses timeframes from weeks to just minutes and removes physical bureaucracy.

From that point forward, the entire lifespan of the mandate is managed through a single dashboard: the trustor views their holdings, documents, and communications, and issues instructions (voting, transfers, sales) in a few clicks with full traceability. Corporate communications, general meeting administration, periodic reporting, and tax benefit documentation are all handled by the platform.

Coordinating large groups of investors no longer requires collecting instructions one by one; each investor operates online, and every decision remains tracked. Because previously manual work becomes a standardized process, recurring mandate costs are reduced as well. As a result, operations cease to be a bottleneck. The fiduciary returns to being chosen for its primary function—the most orderly way to manage a multi-investor transaction—without the friction of paper-based workflows.

Weltix Fiduciaria

Weltix Fiduciaria S.p.A., authorized by the Italian Ministry of Enterprises and Made in Italy, operates under this model through the platform www.weltix.tech, which is also accessible via smartphone:

• Fast Mandate Setup: Open a mandate in 7 minutes, completely online, compared to weeks under traditional processes.

• Digital Onboarding & KYC: Remote identification and qualified electronic signatures with zero physical paperwork.

• Unified Dashboard: View equity holdings, documents, and communications, and issue instructions with just a few clicks.

• Integrated Management: Seamlessly handle corporate communications, tax compliance, and governance; adding investors or managing subsequent transactions adds no administrative complexity.

This infrastructure reduces processing time and operational friction, making access to private assets simpler for both investors and capital-raising companies.