Valoris Italia

Digital securities and ABS notes suite for Italian securitisation vehicles and DLT issuance.

Purpose

Italia supports securitisation vehicles and their servicers in keeping a DLT register of notes, investors and payments, in line with the Italian digital financial instruments framework.

Legal framework it fits

Law 130/1999 on securitisation (SPV with segregated portfolios)
D.L. 17 March 2023 no. 25 (converted by Law 10 May 2023 no. 52): issuance and circulation of digital financial instruments on DLT registers
The register keeper (responsabile del registro per la circolazione digitale) must be entered in the list kept by CONSOB before starting; servicer duties remain with the deal parties
EU DLT Pilot Regime (Reg. 2022/858) where applicable

Core features

Notes register by class and tranche
Payment waterfall records
Investor eligibility and transfer restrictions
Deal document room
Servicer reporting export

Functions that can be added under this legal order

Integration with the CONSOB-listed register keeper
Mini-bond issuance
Italian-language portal
White-label for arrangers and servicers

Roles on the platform

IssuerItalian SPV under Law 130/1999.

Trustee / administratorServicer or CONSOB-listed register keeper.

Bank / custodianAccount bank and paying agent.

Supervisory viewRead-only view for auditors or authorities on request.

InvestorSees only own holdings, documents and distributions; onboarding only after eligibility checks.

All entities, assets and investors shown in the pilot and demo are fictitious sandbox data.