Deploi launches Polygon-based direct issuance, gets ISINs

Deploi announced on May 14, 2026, that it launched a direct issuance framework on Polygon for private credit and received ISIN allocations from Nasdaq CSD for its inaugural UK Consumer Credit Notes, Series 2026/CON/001. The issuance is the first tranche of a planned €1 billion note program for 2026.

The Series 2026/CON/001 notes allow regulated, blockchain-native debt securities with individual note sizes of up to €5 million. Deploi said the notes focus on UK consumer credit assets and are issued and settled through Assetera, an EU-regulated DLT trading venue licensed under MiFID II and supervised by the Austrian FMA.

Deploi’s registry and issuance records are anchored to EVM-compatible chains, with Polygon serving as the initial settlement layer. The company plans to integrate Canton Network later to provide additional settlement and privacy features for selected asset classes. Deploi expects to complete its global issuance infrastructure by the end of Q3 2026 and has structured the program to expand after that completion.

The company reported approximately €100 million of additional issuance volume routed through Assetera already lined up over the next six months. Deploi also said the 2026 program could grow to as much as €5 billion once global infrastructure is in place. Target yields for the notes range from 6% to 18%, varying by structure and underlying assets.

Oskars Jepsis, founder of Deploi, described the legacy private credit model as ‘operationally outdated’ and said investors and lending partners seek faster execution, greater transparency and broader access to credit opportunities. Thomas Labenbacher, Assetera’s CEO, noted that providing regulated infrastructure allows Deploi’s instruments to be distributed across Europe while maintaining MiFID II compliance. Marc Boiron, CEO of Polygon Labs, described onchain issuance on Polygon as a step toward more efficient and transparent markets for institutional participants.

Deploi said the onchain registry and programmable issuance features can automate record-keeping, servicing, transfers, compliance checks and investor reporting that are typically manual in traditional private credit markets. Assetera is presented as the compliant interface between the blockchain registry and European investors, and Deploi confirmed access to the securities will follow eligibility rules and applicable securities laws.

The announcement includes a notice that the release is for informational purposes and not an offer to sell securities. It warns that investments in private credit instruments carry risks, including potential loss of capital, and that target yields are not guaranteed and may vary with market conditions and borrower performance.