UniCredit invests in the tokenization of BlockInvest
After the digital minibond and the tokenised structured note, the institution invests EUR 4 million for 16% of the start-up specialising in tokenization, already owned by Crédit Agricole
by P.Sol.
UniCredit continues its expansion strategy in the area of digital assets with a strategic investment of EUR 4 million in BlockInvest for a 16% stake. The tech company specialising in tokenization, in which Crédit Agricole is also a shareholder, has thus reached a valuation of around EUR 25 million.
The transaction is a sign of the Milanese bank's confidence in the evolution of market infrastructure towards the adoption of blockchain technology as a registry for the native issuance of digital financial instruments on a European scale. UniCredit has already partnered with BlockInvest to execute the first digital native minibond and, more recently, the first tokenized structured note on public blockchain for the Wealth segment. These transactions took advantage of the BlockInvest infrastructure's ability to handle complex instruments, reducing settlement times and providing granular traceability not achievable with traditional clearing systems.
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In a landscape in which the tokenization of 'real world assets' is redefining the paradigms of efficiency and transparency, UniCredit's investment 'aims to consolidate a technological infrastructure capable of combining the programmability of digital ledgers with the regulatory rigour of the financial markets,' it says in a note.
The global 'on-chain' finance market represents an opportunity estimated at around EUR 18 trillion by 2033. Europe is laying the foundations to become the benchmark for tokenization, thanks to harmonised regulatory developments (Dlt Pilot Regime, and Micar) and ECB-led infrastructure projects (Pontes and Appia).
With this investment, UniCredit accelerates the consolidation of its digital asset expertise, with the ambition of exporting the use of tokenized financial solutions to the group's main markets. The BlockInvest infrastructure aims to become the standard of reference for digital asset interoperability across Europe, facilitating access to the web3 world for issuers and other financial institutions, offering sophisticated and secure solutions.
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