doValue Weltix €10M Tokenized NPL Securitization Consob DLT
First NPL securitization with securities issued directly on a Consob-authorized DLT register closed in early August under the Italian FinTech Decree.
doValue through its subsidiary doNext and fintech Weltix completed a €10M non-performing loan securitization in which the securities were issued directly in digital form on a DLT register authorized by Italy's securities regulator Consob.
Roles and timeline
Weltix served as the DLT register operator. doValue acted as Master Servicer, Corporate Servicer Provider, Calculation Agent, Paying Agent, and RON. The transaction closed in early August under the Italian FinTech Decree, with the notes subscribed by professional investors through a club deal.
Open questions
Secondary-market liquidity gains and any reduction in settlement times remain unquantified. No public figures have been released on the size of any follow-on pipeline or additional NPL portfolios slated for the same structure.