Italian investment bank Mediobanca launches investment fund unit based on security tokens

In comparison, Italian investment bank Mediobanca announced the launch of an investment fund unit based on securities tokens. The fund issuance was carried out within the regulatory sandbox of the Italian Ministry of Economy and Finance, and was handled in accordance with the “Mediobanca Global Multimanager 35” UCITS fund's issuance and redemption unit process. All related transactions were recorded on the blockchain.

In this project, Mediobanca collaborated with Cetif Advisory, a consulting branch of an Italian university, and distributed using the Lionity platform under Cetif Advisory.

According to reports, the relevant securities token was issued to a specific customer group in May of this year. Earlier this month, the token was expanded to CheBanca's wealth management brand CheBanca! Some customers are also provided with a wallet to store these tokens.