Regulated DLT infrastructure · Italian SMEs

Minibonds
on-chain ×

BONDIX simplifies Italian SMEs' access to capital markets: digital issuance and management of minibonds on a next-generation blockchain, in full regulatory compliance.

€1.08B
SME minibond market 2025
+32%
Year-on-year growth
−39/47%
Issuance cost reduction
€500K
New minimum issuance threshold
The problem

SMEs are shut out of capital markets

Issuing a minibond the traditional way costs between €80K and €200K and is only sustainable for transactions above €3 million. Small and medium-sized enterprises with funding needs between €500K and €3M are left out.

  • Traditional issuance costs: €80K–€200K per transaction
  • Implicit threshold: transactions below €3M not sustainable
  • Manual, paper-based and non-interoperable processes
  • Long timelines: 3–6 months to complete an issuance
The solution

One platform for the entire minibond lifecycle

BONDIX is a SaaS platform that digitises the issuance, payments, transferability and reporting of debt securities. It cuts costs by 39–47% and lowers the minimum issuance threshold to €500K, opening the market to thousands of new companies.

01_

Issuance

Digital issuance and dematerialisation of the security directly on the distributed register.

02_

Payments

Automation of coupons and capital redemptions via smart contract.

03_

Transferability

Circulation of ownership and real-time certification of positions.

04_

Reporting

Reports for issuers, investors and advisors, with native compliance.

Traditional issuance vs BONDIX
Item (€5M issuance)TraditionalDLT platformSaving
Advisor / arranger€75K–100K€25K–33K~67%
Listing / ISIN€2.5K€0100%
Registration and payments€5K–15K€0100%
Total one-off€98K–148K€60K–78K~39–47%

Elaboration on market data (PoliMi Minibond Observatory 2025). Execution times: 4–8 weeks vs 3–6 months.

The competitive advantage

A next-generation DLT

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 mere adaptation of generic infrastructure.

  • Asset-oriented: securities are native protocol objects, not merely code
  • Readable transactions: verifiable human signature, no blind-signing
  • Smart contracts safe by design: smaller surface for errors and attacks
  • Scalability and fast finality: ready for real market volumes
Radix

Next-generation blockchain, oriented to financial assets and contract security.

CONSOB

DLT Register Manager role: the licence is a structural competitive barrier.

Cash leg

Settlement in EUR stablecoin or, prospectively, in digital euro (ECB Pontes project).

Compliance

Compliant with the Fintech Decree (Legislative Decree 25/2023) and CONSOB Reg. 22923/2023.

The target market

SMEs, the engine of growth

Access to capital markets is — and will increasingly be — the engine of business development and growth. BONDIX exists to simplify it, bringing instruments once reserved for large transactions within reach of SMEs.

146

SME issuances in 2025, recovering after 2024.

€14.6B

Cumulative stock of the minibond market since 2013.

CAGR 25%

Expected growth of the SME market towards 2028.

€2.1B

The SME market towards 2028

With a 25% CAGR, the SME minibond market will reach around €2.1 billion and ~286 issuances by 2028. The Fintech Decree enables a compliant DLT infrastructure for the first time: this is the window to enter.

Let's build the capital
markets of tomorrow

If you are an investor, an advisor or a partner in the value chain and want to explore the BONDIX proposal, get in touch: we'll be glad to arrange a dedicated meeting.

Contact the proposer