Across the enterprise tech landscape, a significant deal has recently unfolded involving firms based in Switzerland and Italy. Lexsential, a prominent legal practice, provided counsel to a group of investors on a strategic venture within the burgeoning blockchain and digital asset space.
Who was involved?
Lexsential guided Kelipe, an investment group led by Andrea Biffi (formerly CEO and shareholder of SOFAR S.p.A., an ex-board member of Asensus Inc. which was acquired by Karl Storz, president of 1Med S.A., CRO, an advisor to Alfasigma S.p.A., and a board member of numerous global healthcare businesses with a history of healthcare investments), along with Stefano Farina (an entrepreneur and investor focused on the healthcare industry), and Enrico Perfler (founder and board member of 1Med S.A.CRO, also involved in pharma, medtech and healthcare investments) during an investment round into DigitCo. This investment supported DigitCo’s acquisition of digital assets from Tokenance. Tokenance is an innovative startup pioneering solutions combining blockchain technology with artificial intelligence, notably their Tokenance Digital Product Passport + AI platform. That’s correct: a DPP powered by blockchain and AI.
Why is the Digital Product Passport important?
Regulation (EU) 2024/1781, also known as the Ecodesign for Sustainable Products Regulation (ESPR), mandates the use of digital product passports. These DPPs will unlock access to crucial product data at every stage of a product’s life, from initial manufacturing through sales, recycling processes, or eventual disposal. The goal is to foster enhanced transparency around material sourcing and improve the management of resources. The DPP will be an integral tool in promoting a transparent, accountable, and eco-conscious framework, supporting a move towards a circular economy. While the regulation is expected to be enforced starting in 2027, forward-thinking organizations are preparing now. The applications across industries are expansive. The intersection of digital strategies, including AI, combined with blockchain technology guarantees secure and verifiable data traceability.
This transaction establishes a foundation for a collaborative partnership between Lexsential and DigitCo, with the aim of incorporating these cutting-edge technologies within Lexsential’s internal operations. This reinforces Lexsential’s status as a leader in innovative legal services. Furthermore, Lexsential can now provide digital compliance services directly to their clientele. The Lexsential team overseeing the transaction was headed by partners Stefano Candela and Pasquale Di Mino, with assistance from Teresa Candela, Marta Cosi, Dimitri Cuzzocrea, and Silvia Sarracino.
The ultimate objective is to empower consumers with trustworthy product information, offering immediate access to superior services that demonstrate care for communities and environmental well-being. Expect future updates on the DPP initiative and further exploration of how blockchain and AI can address critical challenges and solve strategic issues.
About Lexsential: Established in 2021, Lexsential is a legal firm headquartered in Milan (Via Conservatorio 17), with additional offices in Rome, London, and Madrid, alongside a dedicated team focused on the Polish market. The firm is recognized for its legal expertise in intellectual property, corporate law, and bankruptcy, banking, and finance matters, both in litigation and advisory roles. With a strong international presence, Lexsential serves as a strategic partner for international investors in Italy and for Italian companies pursuing global expansion. The firm concentrates on serving clients in the pharmaceutical, medtech, fashion, design, cosmetics & beauty, precision engineering, and food & beverage sectors.
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