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Digital Sureties

The process related to the management of surety guarantees is still poorly digitized, unable to provide efficiency parameters adequate to the volumes handled and exposed to risks related to fraud. These aspects result in a number of critical operational issues that affect all parties involved in the legal relationship: Guarantors, Contractors and Guarantors (beneficiaries).

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The event open to Banks, Insurance Companies, Corporations and Contracting Stations "Digital Sureties Platform: General Presentation and Roadmap Demo Sessions", organized by Cetif Advisory, with the participation of the Bank of Italy and IVASS, will be held on December 12, 2022.

The meeting will be held in dual mode (in-presence, with the possibility of discussion among participants, and remotely) from h14.30 to h17.30 ca - at the Classrooms of Università Cattolica in Milan. It is possible to register by specifying the mode (in-person or remote) by filling out the form below.

During the event, the Cetif Advisory team, with the support of technology partner Reply, will illustrate the platform and its ecosystem-friendly features. Details for the organization of use case tests, scheduled for the following two days, will also be shared

Mission and Goals

The Sandbox "Digital Sureties" was initiated with the aim of building a platform based on Blockchain/DLT technology that enables the issuance and management of the surety relationship through a natively digital and secure process.

The trial is sponsored byCetif Advisory  with the collaboration of Reply and SIA.  

The project sees the active participation of entities operating in various capacities in the surety bond market: banks, insurance companies, PAs and companies. In the start-up phase of Sandbox, numerous financial institutions and companies took part, as well as the Bank of Italy, IVASS and Guardia di Finanza as institutional partners.

The service offered by the "Digital Sureties" platform aims to create a digital system solution that, through the use of Blockchain/DLT technology, enables:

  • Facilitate the coordination of different market players;
  • Reduce the phenomenon of fraud;
  • Dematerializing the surety bond;
  • Provide certified and timely information to all stakeholders in the supply chain;
  • Efficient management of the surety bond.
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