SITE issues €10 million tokenized minibond via blockchain

SITE has issued a €10 million tokenized minibond to fund investments in its Italian operations, specifically targeting sites in Emilia-Romagna and Southern Italy. The six-year bond was subscribed in equal parts by BPER and Cassa Depositi e Prestiti (CDP).

The transaction utilized public blockchain technology for issuance and subscription, facilitated by the BlockInvest platform, with Weltix serving as the Register Manager. This represents the fourth tokenized minibond issuance in Italy and is the largest to date by value.

Proceeds from the financing will be used to purchase transport systems, software, and measurement and control equipment. SITE specializes in the design, construction, and management of large-scale public utility and enterprise infrastructure in sectors including telecommunications, ICT, energy, and rail.