Stefano De Cillis

The problem

Issuing a private asset as a security still means coordinating lawyers, notaries, administrators, registrars, KYC providers, payment agents and a tokenization layer. No single party owns the end-to-end outcome.

Costs stay high, timelines stay long, and the structure is hard to repeat. The technical pieces have existed for years. The regulated process around them is still the bottleneck.

What I’m building

Unlayer

Single rail for digital securities issuance. Structuring (vehicle + legal framework) plus the software that runs investor eligibility, the book, settlement and the register. Professional investors today. ECSP authorization in progress so the same rails can reach retail under the European crowdfunding regulation.

Yooro

Infrastructure that turns private assets into EU-issued notes with ISINs that settle through existing market infrastructure. Clearstream and the banking rails investors already use.

Felt Labs

AI and software studio. Building custom products and tools for companies that need AI, web, and infrastructure work. Still active and growing; I am not full-time on it.

How I work

I spend most of my time on the process that sits around the token: eligibility rules that travel with the asset, document generation, register reconciliation, and the handoffs between parties.

I use AI heavily for the parts that are still manual. I am early on the deeper compliance and financial-structuring side. The goal is fewer handoffs and shorter time from mandate to issuance — not more crypto infrastructure.

Contact

If you are issuing, structuring, or building infrastructure around private-market securities, get in touch.