BONDIX simplifies access to capital markets for Italian SMEs: digital issuance and management of minibonds on a next-generation blockchain, in full regulatory compliance.
Project under development and validation. An MVP is available online.
A traditional minibond issuance costs between €80K and €200K and is only viable for deals above €3 million. Small and medium enterprises with funding needs between €500K and €3M are left out.
BONDIX is a SaaS platform that digitizes issuance, payments, transferability and reporting of debt securities. The cost model projects savings of 39–47%. The platform lowers the minimum issuance threshold to €500K, opening the market to thousands of new companies. The model follows a two-layer architecture (asset-leg + cash-leg), consistent with the approach also discussed by the IMF.
Digital issuance and dematerialization of the security directly on the distributed ledger.
Automation of coupon payments and capital repayments via smart contract.
Real-time circulation of ownership and position certification. Participants hold tokens in their own accounts and retain personal custody of their private keys.
Reports for issuers, investors and advisors, with native compliance.
| Item (€5M issuance) | Traditional | DLT platform | Savings |
|---|---|---|---|
| Advisor / arranger | €75K–100K | €25K–33K | ~67% |
| Listing / ISIN | €2.5K | €0 | 100% |
| Registration and payments | €5K–15K | €0 | 100% |
| One-off total | €98K–148K | €60K–78K | ~39–47% |
Based on market data (Osservatorio Minibond PoliMi 2025). Execution time: 4–8 weeks vs 3–6 months.
The features described represent the planned product; the demo illustrates some of its workflows using sample data.
This section summarizes the product's key features within the regulated context: investor onboarding, controlled issuance and transfers, post-placement management and cash-leg synchronization.
KYB/KYC/AML and investor suitability checks, with a mechanism that allows transaction access only to authorized accounts via badge, not through whitelisting.
Issuance flow with mint/burn controls and transfer rules, with segregation of responsibilities across different roles.
Investor communications, automated reports, cap table monitoring and full visibility of every time-stamped snapshot throughout the security's lifecycle.
A reserved workspace for each issuer, with data separation and governance aligned with enterprise processes and compliance requirements.
A structured process to reduce operational errors: issuance, control and finalization are not concentrated on a single account.
Architecture extendable to multiple types of financial assets and configurable as white-label for supply-chain partners.
Technology is at the heart of BONDIX's competitive advantage. We use a next-generation blockchain, designed for financial assets and regulatory compliance — not a simple adaptation of generic infrastructure. BONDIX manages the registry and the securities lifecycle without holding participants’ tokens or private keys. Explore the custody model.
Next-generation blockchain, oriented toward financial assets and contract security.
Role of DLT Registry Manager: the license is a structural competitive barrier.
Orchestration and reconciliation of the cash leg; settlement in wholesale central bank money (ECB Project Pontes) is executed by authorized entities.
Compliant with the Fintech Decree (DL 25/2023) and CONSOB Regulation 22923/2023.
Access to capital markets is — and increasingly will be — the engine of business development and growth. BONDIX was created to simplify it, bringing tools once reserved for large deals within reach of SMEs.
SME issuances in 2025, recovering after 2024.
Cumulative minibond market stock since 2013.
Expected SME market growth toward 2028.
If you're an investor, an advisor or a supply-chain partner and want to learn more about the BONDIX proposal, write to us: we'll be happy to arrange a dedicated meeting.
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