European credit management firm doValue and fintech company Weltix have completed what was described as the first blockchain-based digital securities issuance tied to a non-performing loan, or NPL, securitization, with a deal size of €10 million. The transaction was carried out under Italy’s Fintech Decree regulatory framework. Weltix handled the DLT registry, while doValue was responsible for the overall transaction structure.
The report stressed that the issuance did not turn non-performing loans into a speculative cryptocurrency product. Instead, it moved the issuance, recording and management of the securities onto blockchain infrastructure in an effort to reduce intermediaries and cut operating costs. doValue is a major European credit manager and NPL servicer, with operations spanning distressed loan servicing and securitization. Weltix is a fintech company authorized by Italian securities regulator Consob and focuses on DLT-based digital asset infrastructure. According to the report, the deal marks blockchain’s entry into Europe’s traditionally intermediary-heavy NPL securitization market, with native digital securities expected to replace paper-based processes, shorten settlement times and improve transaction transparency.
European credit management firm doValue and fintech company Weltix have completed what the report described as the first blockchain-based digital securities issuance for a non-performing loan, or NPL, securitization, with a transaction size of €10 million.
The deal was carried out under Italy’s Fintech Decree regulatory framework. Weltix managed the DLT registry, while doValue designed the overall transaction structure.
The report said the issuance did not convert non-performing loans into a speculative cryptocurrency. Instead, it moved the issuance, record-keeping and management of the securities onto blockchain rails to simplify intermediary processes and reduce operating costs.
Deal structure and participants
doValue is one of Europe’s major credit management and non-performing loan servicing firms, with business covering distressed loan resolution and securitization services. Weltix is a fintech company authorized by Italy’s securities regulator Consob and focuses on DLT-based digital asset infrastructure.
According to the report, the transaction brings blockchain into Europe’s non-performing loan securitization market, a segment traditionally reliant on multiple intermediaries. Native digital securities are intended to replace paper-based processes, with the potential to shorten settlement times and improve transparency.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
