Digital instruments have their own regime
The Fintech Decree of 2023 set the rules for issuing and circulating financial instruments in digital form, aligning Italy with the EU DLT pilot regime. The register is where the instrument legally lives.
Bring your Italian property to investors on your own terms
Italy wrote a dedicated regime for digital financial instruments in 2023, with a register that carries real legal weight. What it does not hand you is a branded platform. That’s where we come in.
Italy has a dedicated regime for digital instruments
The distributed ledger is not a technical detail here. It is regarded as the official register where the instrument exists. Who maintains it is made publicly available, and the rules around it are specific.
One issue, one register, one keeper
Tokens can only be issued on platforms subject to Consob official approval. Each issue sits on exactly one platform with one keeper. Consob publishes the list.
Consob is notified at every issuance
For each issue the issuer notifies Consob of the token’s characteristics and of the investor register owner, and makes the prescribed information available to subscribers. It is a filing, not an approval.
The size of an issue cannot move
The platform operator must ensure the total number of tokens in a single issue cannot be modified, prevent use by anyone not entitled, and run continuity and recovery arrangements. Plan the raise size before you launch.
How to start
1. Tell us about the property
What you own and what you want to raise. We say plainly whether this fits, including when it does not.
2. An Italian lawyer joins
Our local partner sets the structure and the instrument, and obtains Consob approval to manage the investor register for your token issuance.
The legal work and the launch run in parallel. In Italy the pace is set by preparing the Consob notification. Your lawyer starts that on day one.
Before you tokenize real estate in Italy
Is real estate tokenization legal in Italy?
Yes, under the 2023 Fintech Decree, which governs issuing and circulating financial instruments in digital form. If your token carries rights of a financial instrument, that regime is where it belongs.
Can one issue sit on more than one register?
No. Each issue is entered on exactly one register, and each register has exactly one keeper. It is a hard rule and it shapes how you structure a multi-asset programme.
Who keeps the register?
A keeper entered on the official list, which Consob publishes. Banks, payment and e-money institutions, asset managers and certain other intermediaries established in Italy can apply to be on it.
Can I increase the raise after launch?
Not within the same issue. The keeper must ensure the total number of instruments in a single issue cannot be modified. Size the raise before you launch, or plan a second issue with your lawyer.
Last updated: 10-08-2026
The information on this page is for general informational purposes only and does not constitute legal, financial, investment, or tax advice.
Tokenizer.Estate provides a platform for real estate tokenization and connects you with licensed local partners, but we do not provide legal or regulatory guidance.
Please consult qualified professionals in your jurisdiction before making any investment or tokenization decisions.