Contribution of Blockchain Italia

Blockchain Italia actively participated in this inaugural cohort with Dedit.io and TokNox. Dedit.io is an advanced platform for notarization, secure document signing, and sharing. TokNox, on the other hand, is Blockchain Italia’s new project dedicated to tokenization. Selected among the top 20 use cases in the Sandbox, Dedit.io has proven to be a versatile solution compliant with regulatory requirements, significantly contributing to regulatory dialogue and the definition of best practices.

During the cohort, Blockchain Italia engaged in meetings with regulators from across Europe to address existing regulatory challenges in the sector and propose solutions that promote a more favorable environment for blockchain adoption. Collaboration with the European Commission and Bird & Bird was pivotal, providing essential guidance and strategic support throughout the process. Participation offered valuable insights and helped shape regulatory practices for the future.

Cohort Results

The final cohort report, divided into two parts, provided a detailed overview of acquired experiences and emerging best practices. Part A synthesized lessons learned from regulatory dialogues, while Part B detailed identified best regulatory practices. The report was presented during a webinar on June 20, 2024, where identified best regulatory practices were discussed and audience questions were addressed.
During the public webinar, awards were announced for the most innovative regulators. Among the winners were BFDI (Germany), Banco de España (Spain), CNMV (Spain), NKOM (Norway), and Banca d’Italia (Italy).

Future Outlook

The conclusion of the first cohort marks just the beginning of a journey that will see further developments with future cohorts 2 and 3. The goal is to continue promoting collaboration between public and private entities, developing and refining regulatory practices further to support sustainable growth of blockchain technology in Europe.
For more details on the full report of the first cohort of the European Blockchain Sandbox, please refer to the official report.

Acknowledgments and Recognition

With its participation, Blockchain Italia has demonstrated its commitment to innovation and regulatory collaboration, solidifying its position as a leader in the blockchain technology sector in Europe. Special thanks to Filippo Zatti, Associate Professor of Economic Law at the University of Florence, whose advisory support was crucial. Additionally, we would like to thank Gian Marco Rinaldi of Bird & Bird for his essential contribution throughout the process. Lastly, heartfelt thanks to Marjolein Geus, Partner at Bird & Bird, for her invaluable ongoing support.

About Blockchain Italia Srl
Blockchain Italia is a leading company in Italy in the fintech and blockchain sectors. Its objective is to optimize digital processes through innovative protocols to improve efficiency. Thanks to its high specialization and tangible results, Blockchain Italia has developed various solutions for Italian and international clients, launching a multitude of products on the market for tokenization, payment systems, and notarization, such as Dedit.io, a notarization platform that won the “Top of the PID” award in 2020 and the MF Innovation Award in 2023, together with BNL. It is also the owner of the Blockchain Forum Italia format, an annual event that has been bringing together professionals and companies from the blockchain and fintech world since 2018, offering a unique opportunity for networking and in-depth exploration, and contributing to the growth and knowledge of the sector.