Unicredit strengthens its commitment to digital finance and in renewable energy by structuring for Union SpA Benefit Company un tokenized minibond on public blockchainThe issue, entirely subscribed by the bank, has a value of 5 million euros and a duration of ten years. The resources will be used for purchase and build five photovoltaic systems of 1 MW each, for a total capacity of 5 MW.
The transaction thus supports the growth path of the company operating in the renewable energy sector and the launch of a self-production business of clean energy intended for sale.
Five new photovoltaic plants
The financing will allow Union to expand its presence in the production of energy from renewable sources through five new plantsThe investment represents the first step in a broader project aimed at the self-production and commercialization of clean energy. For Unicredit, it also represents a further step in supporting businesses in Southern Italy. This issuance brings the number of minibonds structured by the bank in Southern Italy since 2018 to 81, for a total value of €370 million.
The operation also aims to expand access to innovative financing tools for small and medium-sized enterprises and Italian mid-cap companies, combining capital raising, digitalization, and sustainable investments.
Blockchain enters the management of the title
La tokenization allows you to digitally represent the minibond and record information on a public blockchainThe system makes the activities related to the issuance and management of the bond more efficient and verifiable, while ensuring security and traceability. Compared to the first tokenized operation carried out by Unicredit, the new minibond introduces a more advanced level of automation.infrastructure developed by BlockInvest in fact, it integrates a proprietary calculation engine capable of managing the coupons and financial flows linked to the security.
The system digitizes activities that were previously carried out outside the platform, reducing operational risk and improving control over the performance of the bond throughout its ten-year term.
More automation for private markets
The platform also allows you to automatically manage some financial clauses provided for in the contract. These include call and put options, which regulate the possibility of early redemption or sale of the security, and any floor and cap mechanisms applied to the economic conditions of the issuance. This transaction demonstrates how the use of blockchain in financial markets is going beyond the simple digital registration of securities. New infrastructures enable the automation of a growing portion of the administrative and financial activities that accompany the entire life cycle of a bond.
“With this Unicredit minibond strengthens a digital finance offering "This is increasingly becoming part of industrial projects and supporting their implementation. The issue we structured for Union combines support for the development of new renewable capacity with capital market solutions that make financial flow management more automated, transparent, and programmable. In Southern Italy, we continue to support businesses with tools tailored to their investment and growth needs," he commented. Ferdinando Natali, Regional Manager Sud Unicredit.
“The energy transition requires investments, vision and the ability to adopt innovative tools to support growth,” declared the CEO of Union Massimo Accurso – With this transaction, we are taking an important step in our development path, accelerating investments in the construction of five new photovoltaic plants and strengthening Union's role in energy production from renewable sources. collaboration with Unicredit It confirms the solidity of our industrial project and allows us to combine financial innovation, sustainability, and growth, creating the conditions to generate long-term value."
