The European marketplace for tokenized securities.
24/7 trading and settlement, in euros, on a platform built for the European regulated framework: MiFID II and the DLT Pilot Regime.
Dowgo's financial investors and partners - not related to any public mandate.
A complete marketplace for tokenized securities.
Dowgo brings together on a single platform the issuance, trading and administration of tokenized financial securities: bonds, equities and fund shares. Financial instruments within the meaning of MiFID II (outside MiCA), reserved for professional investors, directly or through regulated intermediaries. First application: green bonds financing the transition.
Primary market
Placement of tokenized securities, from €5M per issuance, in a segment rarely covered by traditional financing channels today.
24/7 secondary market
Central order book, market makers, fractionable securities: liquidity designed to stay continuous.
On-chain registry
ERC-3643 standard: holding, compliance and ownership transfers. Dowgo never holds your private keys (non-custodial).
Dowgo does not advise on or market financial instruments.
Disclaimer: all investments carry risks, including loss of capital and liquidity risk. Secondary market liquidity is not guaranteed.
A platform that changes the rules.
Fewer intermediaries, instant settlement and continuous liquidity, designed for the European regulated framework.
Secondary market open around the clock, animated by market makers.
Non-custodial: you keep your securities and your private keys at all times.
A financing segment rarely covered by traditional channels today.
Designed for MiFID II and the DLT Pilot Regime (Regulation (EU) 2022/858). Delivery-versus-payment in euro stablecoins* on European rails; payment in euros (fiat) via a third-party custodian or a broker.
Fewer intermediaries in the transaction processing chain, for faster execution and lower intermediation fees.
Structured impact data to feed your SFDR (product-level) and CSRD (company-level) obligations.
Success fee on the primary market, maker-taker model on the secondary market, platform access subscriptions.
* E-money tokens issued under the MiCA regulation in Europe.
What sets Dowgo apart from traditional infrastructures.
European regulated framework
- Traditional infrastructures
- 1 out of 3
- Dowgo
- 3 out of 3
24/7 secondary liquidity
- Traditional infrastructures
- Not available
- Dowgo
- 3 out of 3
Non-custodial
- Traditional infrastructures
- Not available
- Dowgo
- 3 out of 3
Instant euro settlement
- Traditional infrastructures
- 1 out of 3
- Dowgo
- 3 out of 3
Short intermediary chain
- Traditional infrastructures
- 1 out of 3
- Dowgo
- 3 out of 3
Integrated SFDR & CSRD data
- Traditional infrastructures
- 1 out of 3
- Dowgo
- 3 out of 3
| Traditional infrastructures | Dowgo | |
|---|---|---|
| European regulated framework | 1 out of 3 | 3 out of 3 |
| 24/7 secondary liquidity | Not available | 3 out of 3 |
| Non-custodial | Not available | 3 out of 3 |
| Instant euro settlement | 1 out of 3 | 3 out of 3 |
| Short intermediary chain | 1 out of 3 | 3 out of 3 |
| Integrated SFDR & CSRD data | 1 out of 3 | 3 out of 3 |
From issuance to reporting, a continuous cycle.
- 1Primary issuance
Tokenized securities (bonds, equities, fund shares), structured for the European regulated framework.
- 224/7 secondary market
A market designed for continuous liquidity, animated by market makers.
- 3Delivery-versus-payment
Atomic (T0), in euro stablecoins*, automated by smart contracts. Payment in euros (fiat) remains possible via a third-party custodian or a broker.
- 4Reporting
Traceable financial and impact data, structured to feed your SFDR (product) and CSRD (company) obligations.
* E-money tokens issued under the MiCA regulation in Europe.
Built for a demanding European regulated framework.
Dowgo is designed to operate as an investment firm under MiFID II and as a DLT trading and settlement system (DLT-TSS) under the EU DLT Pilot Regime (Regulation (EU) 2022/858). This regime, in force, governs the first DLT infrastructures authorised in the European Union; Dowgo's authorisation file is under review by the ACPR - Dowgo is not yet authorised.
- Target status
- Investment firm (MiFID II) + DLT-TSS
- Regime
- DLT Pilot Regime · Regulation (EU) 2022/858
- Authority
- ACPR
- Status
- Authorisation under review
- File reference
- AGR-26-125516
The transition, first application.
The first asset class offered on Dowgo aims to finance the ecological transition. Each green bond can come with traced and documented impact indicators - primarily the carbon indicators of the financed projects - recorded on the infrastructure and structured to feed your sustainability reporting. Dowgo's ambition goes beyond renewable energy: making the financing of sovereign European infrastructures liquid and traceable.
All investments carry risks, including loss of capital and liquidity risk.
Finance a project, from €5M.
Dowgo opens to companies, mid-caps and local authorities an issuance channel in tokenized securities: simplified issuance, a broader base of professional investors, secondary liquidity. Structuring and documentation are handled by your Listing Sponsor*.
* Listing Sponsor: intermediary responsible for assisting the issuer with structuring the issuance, preparing the documentation and monitoring its ongoing disclosure obligations.
Are you a regulated market intermediary?
Investment firm or institution authorised to execute orders on behalf of third parties: give your clients access to the DLT financial securities of the Dowgo platform.
Financing Europe's priorities on European infrastructure.
Europe faces an investment need of around €800 billion per year (Draghi report, 2024), a significant share of which is for the ecological transition and energy. Part of this effort flows through fragmented, costly market infrastructures, often located outside Europe. Dowgo is building the alternative: efficient European market rails, designed for the regulated framework, where securities are traded and settled in euros.
Professional investor, issuer or regulated intermediary?
Tell us who you are and our team will get back to you.