Weltix Spa becomes the first Italian company to tokenize its shares on a public blockchain
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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.
