Setting up a WizKey Node

A WizKey node is composed of an AWS-based cloud computing and an Ethereum-based blockchain part. This allows WizKey to manage data in a fast and secure manner, preserving the confidentiality of information. WizKey is not involved in the processes and does not have access to any data uploaded by its users.

Creating a Data Room

Our data room employs an AI in order to verify the correspondence between the documents provided and the data tape, reducing the risk of eventual claims and ensuring the validity of data. The flexible structure of our data room allows the transfer of entire portfolios as well as single credits.

Tokenizing credits

The documents provided are notarized on a public blockchain, thus guaranteeing a certain timestamp and the integrity of the information provided. The design of the WizKey token makes it impossible to double-spend assets or transfer them to multiple buyers. Furthermore, the data room corresponding to the assets is permanently linked to the token and is transferred to the buyer as soon as settlement occurs (or the contract is formalised).

Accessing to a New Market

The scope of the platform is inherently broad. Making use of blockchain technology, the infrastructure of the system and the token design allow the realization of both local and cross-border operations. The platform guarantees a significative reduction of the risks related to information asymmetry when purchasing assets. These benefits, together with facilitated access to the global market, ensure higher liquidity and thus the maximisation of the value of NPL portfolio for sellers and fewer risks for buyers.

Transferring the Asset

The whole negotiation process is notarized on the blockchain to ensure pre-contractual protection. The transfer of the data room is automated thanks to a DvP solution (delivery vs payment). The transferred token gives certain ownership of the asset and is immediately transferrable to third parties, spurring an active secondary market.

Screenshot of the WizKey platform

Distinctive features
Defining our platform

Dataroom icon

Smart Data Room

A unique Virtual Data Room that follows the receivable for its entire lifecycle.

Granularity icon

Granularity

Wizkey Define facilitates the creation of highly-customized portfolios.

Digitalization icon

Digitalization

A certified digitalization process that grants legal validity to the uploaded files.

Due diligence icon

Enhanced Due Diligence

Streamline due diligence processes through A.I. and never repeat them.

Tokenization icon

Tokenization

Leverage blockchain to unlock the power of structured finance operations.

End-to-end icon

End-to-end process

An all-in-one product to manage operations as never been before.

Isometric cloud infrastructure icon

Permanently attached to the single credit

No more document loss

Granularity increased

Credit value maximized over time

WizKey’s Virtual Data Room offers unlimited storage and is portable, as it is linked to every single credit and gets transferred in whole upon settlement. As such, every receivable is permanently linked to its own data room, eliminating document loss during its lyfe cicle.

Isometric icon of a matrix cube

Create highly-customized portfolios

Cherry picking of receivables

Regroup credits according to buyers’ needs

Leveraging the potential of our data room portfolios can be defined in different ways with different granularity. The seller can invite multiple potential buyers, allowing cherry-picking of single names as well as definition of new portfolios by regrouping credits according to their needs.

Isometric icon of documents digitalization

Uploaded documents have legal validity

PDF files can be used in court

Maximum legal protection by design

With our standardized process of digitalization of documents, defined in collaboration with the italian notary service, we make sure that PDF files uploaded on Define are certified copy with legal validity. This, in conjunction with our notarized chat system, grants our users the maximum degree of pre-contractual protection.

Isometric icon of a pile of documents

Powerful AI applied for due diligence

Automated crosscheck of data

Eliminate information asymmetry

Improves quality of information

Offers better price discovery mechanisms

The due diligence process is facilitated by the automated crosscheck of Data Tape and documentation carried out through an OCR. The results are then permanently attached to the receivables, eliminating information asymmetry and discrepancies between the datatape and the documents.

Isometric icon of a WizKey icon

Tokens are the asset itself

Tokens are liquid

Tokens are immediately transferrable

Protection against double-pledging

Leveraging the potential of the Ethereum blockchain, every receivable is tokenized using the NFT standard ERC-721. The process of tokenization transform typically near-illiquid assets such as receivables into liquid and trasferrable tokens.

Isometric icon of the infinity symbol

Pre-contractual protection granted

Improved management of the operations

All steps are notarized on blockchain

Privacy-by-design

From origination to settlement, every step of a structured finance operation is encoded and can be carried out within Define. Furthermore, our use of notarization on blockchain grants unmatched legal protection for the parties involved in a transaction.

Isometric cloud infrastructure icon

WizKey’s Virtual Data Room offers unlimited storage and is portable, as it is linked to every single credit and gets transferred in whole upon settlement. As such, every receivable is permanently linked to its own data room, eliminating document loss during its lyfe cicle.

Permanently attached to the single credit

No more document loss

Granularity increased

Credit value maximized over time

Leveraging the potential of our data room portfolios can be defined in different ways with different granularity. The seller can invite multiple potential buyers, allowing cherry-picking of single names as well as definition of new portfolios by regrouping credits according to their needs.

Create highly-customized portfolios

Cherry picking of receivables

Regroup credits according to buyers’ needs

Isometric icon of a matrix cube
Isometric icon of documents digitalization

With our standardized process of digitalization of documents, defined in collaboration with the italian notary service, we make sure that PDF files uploaded on Define are certified copy with legal validity. This, in conjunction with our notarized chat system, grants our users the maximum degree of pre-contractual protection.

Uploaded documents have legal validity

PDF files can be used in court

Maximum legal protection by design

The due diligence process is facilitated by the automated crosscheck of Data Tape and documentation carried out through an OCR. The results are then permanently attached to the receivables, eliminating information asymmetry and discrepancies between the datatape and the documents.

Powerful AI applied for due diligence

Automated crosscheck of data

Eliminate information asymmetry

Improves quality of information

Offers better price discovery mechanisms

Isometric icon of a pile of documents
Isometric icon of a WizKey icon

Leveraging the potential of the Ethereum blockchain, every receivable is tokenized using the NFT standard ERC-721. The process of tokenization transform typically near-illiquid assets such as receivables into liquid and trasferrable tokens.

Tokens are the asset itself

Tokens are liquid

Tokens are immediately transferrable

Protection against double-pledging

From origination to settlement, every step of a structured finance operation is encoded and can be carried out within Define. Furthermore, our use of notarization on blockchain grants unmatched legal protection for the parties involved in a transaction.

Pre-contractual protection granted

Improved management of the operations

All steps are notarized on blockchain

Privacy-by-design

Isometric icon of the infinity symbol

Define your receivables, start now

Our team will get back to you with all necessary information

CONTACT US
+39 02 3653 1544info@wizkey.ioWizKey S.p.A.P.I. 10429050965LEGAL OFFICEVia Luciano Manara n. 7 20122 Milan, Italy
OPERATIONAL OFFICEVia Tortona n. 72 20144 Milan, ItalyNumero REA MI-2530639Camera di Commercio di Milano Monza Brianza LodiCapitale sociale €205.256,00
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