BMCP Taps Canton Network, Debuts Tokenized Real-Estate Bond for BoxDepo
Black Manta Capital Partners (BMCP), a MiFID II-licensed broker-dealer specializing in regulated asset tokenization, announced two moves aimed at accelerating real-world-asset (RWA) issuance on institutional infrastructure: it has become an official node operator on the Canton Network and launched a tokenized, real-estate-backed bond for storage provider BoxDepo on Canton. The instrument is secured by a high-occupancy, unmanned storage facility in Nuoro, Italy, with proceeds earmarked for BoxDepo’s expansion.
What’s new
- as a node operator, entering an ecosystem that includes global financial institutions.
- First issuance on Canton in Europe: A tokenized bond for BoxDepo, secured by an Italian self-storage asset and managed as a digital security on Canton.
- Use of proceeds: Fund BoxDepo’s growth; the company operates 11 facilities in Italy with eight more under development.
BMCP positions the dual move as a proof point for institutional-grade tokenization, pairing its licensing and cross-border issuance know-how with Canton’s privacy, compliance and scalability features for regulated users.
Why it matters
Real-world-asset tokenization has moved from pilots to targeted production use cases. BMCP—which was among the first tokenization platforms licensed by BaFin and previously executed a in Europe—says Canton’s architecture supports privacy-preserving workflows and interoperability between regulated participants. For BoxDepo, tokenization is intended to expand its investor base and streamline corporate finance operations.
How the structure works
Investors subscribe to a tokenized bond that is issued and administered as a digital security on Canton. The bond is secured by an existing, high-occupancy storage facility fully owned by BoxDepo in Nuoro, Italy. The tokenized format is designed to enable programmability across the asset lifecycle—issuance, settlement, distributions, and corporate actions—while maintaining compliance workflows for institutional investors.
- Collateral: Operating self-storage real estate (Italy)
- Purpose: Expansion financing for BoxDepo’s national network
- Distribution: Digital security on Canton with BMCP as regulated issuer
Executive commentary
“The issuance of the BoxDepo bond on the Canton Network marks a pivotal step in bringing real-world assets into an institutional blockchain ecosystem,” said Yuval Rooz, Co-Founder & CEO of Digital Asset. “BMCP’s expertise, combined with Canton’s ability to deliver privacy, compliance, and interoperability at scale, demonstrates how tokenization is moving from promise to reality.”
“Our collaboration with the Canton Network allows us to leverage unique on-chain privacy features to create a product that is both compliant and highly efficient,” said Alexander Rapatz, CEO and Founding Partner of BMCP. “The BoxDepo real-estate bond on Canton reflects our commitment to innovation and our vision of unlocking new levels of liquidity, confidence, security and efficiency for institutional investors.”
Strategic fit: BMCP x Canton
By operating a node, BMCP aligns its regulated issuance platform with . The model aims to:
- Protect counterparty data while enabling shared state where required for settlement and reconciliation.
- Support fractional ownership and programmable cash flows typical of on-chain securities.
- Bridge capital to reduce operational friction.
BMCP notes that Canton’s design viewks to blend privacy with the benefits of a shared ledger—features the firm considers essential to broader adoption of tokenized fixed-income products.
BoxDepo: the underlying credit
BoxDepo’s platform combines unmanned, high-occupancy facilities with an expansion pipeline across Italy. The company targets steady operating cash flows and scalable unit economics, making self-storage a candidate for asset-backed, income-oriented tokenized structures. The Nuoro property serves as collateral for the inaugural bond, with proceeds directed to growth across the portfolio.
Market context
Across Europe, tokenized money-market funds, structured notes, and real-estate vehicles are moving from trials to commercial issuance. BMCP, operating under MiFID II and supervised by BaFin, is positioning itself as a full-service provider—covering legal, financial, and technical rails—for institutions viewking compliant access to on-chain securities. The BoxDepo deal is intended as a template for future European RWA bonds on institutional blockchain infrastructure.
BMCP plans further tokenized issuances on Canton, positioning the network as a venue for compliant, privacy-preserving fixed-income and alternative assets. For BoxDepo, the inaugural bond is a step toward financing expansion via , with potential follow-ons as the portfolio scales.
