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More than 30,000 professionals make up the ecosystem of Cetif: we facilitate the meeting and exchange between banks, insurers and companies in an academic Center, competent and independent environment to share knowledge, experience and strategies on the most innovative drivers of change.
16 Research Hubs focused on dynamics of strategic evolution, regulatory updates, organizational and process practices, and the effects of digitization: we study innovation trends and best practices and share them with our communities.
Over 60 events including Main events (Workshop and Summit) and Community events (related to research activities) and Webinar: we bring together banks, insurance companies and businesses for shared growth on trends and challenges to outline innovative development strategies.
More than 40 Executive Education tracks, 4 Master's programs and numerous Company Specific Programs: we transfer innovative financial-oriented content with a scientific approach.
An experimental spin off combining academic research and entrepreneurial approach: we turn innovation and digitization into a concrete business advantage.
THE PLATFORM, BASED ON TECHNOLOGY BLOCKCHAIN, WILL BE TESTED BY PARTICIPANTS, FROM THE LAST QUARTER 2021.
Milan, Sept. 23 - CeTIF, Reply and Fondazione Cariverona, with the legal support of Chiomenti and tax of Linklaters, are working to create the first Italian platform for the issuance and placement of Security Token of alternative investments, for institutional and retail investors.
Security Token & Alternative Investment Sandbox - like its predecessors designed in ecosystem logic and therefore open to Authorities and all stakeholders to participate - has already been joined by BPER Banca, Banca Generali, Banca Mediolanum, Reale Mutua and Iccrea.
The Alternative Investment market is a fast-growing market worldwide (expected CAGR +9.8% to 2025) and in Italy it exceeded €45bn in 2019. The first type of asset class on which Security Token issuance will be tested will be Real Estate, which in Italy has reached a market cap of over 7.89 Trillion Euros (2020).
Participants, in the roles of Originators (asset owners), Advisors/Collectors (commercial and investment banks), and institutional and retail investors, will experience the benefits and business value generated by tokenization with DLT/blockchain technology .
Operationally, the platform will, in fact, allow Originators to demobilize all or part (through fractionation) of the owned asset, obtaining liquidity from the same even when it is illiquid; and Advisors/Advisers to expand the offering by structuring and placing security tokens with institutional and retail investors who, in turn, will be able to diversify their portfolios by accessing a new, more transparent market.
In addition, thanks to the Blockchain/DLT technology, the solution facilitates onboarding (Know Your Customer) compliant by design, thus also simplifying and speeding up all processes (reconciliation, clearing and transfer of security tokens between parties) and reducing time and costs (dematerialization, shared, verifiable and transparent repository between ecosystem parties).
From October 2021, it will be possible to test the issuance and placement of security tokens with underlying Real Estate. Later, as the platform is designed with a view to scale up, it will also become operational for other types of asset classes such as: Credit, Private Equity/Debt, Venture Capital, ESG - Compliant Sustainable Infrastructure, works of art and collectibles.