How it works
We did not invent
a new asset.
Banca Transilvania is still Banca Transilvania. What changed is the container it comes in — and the container is the part that has been holding you back.
The comparison
One share.
Three wrappers.
The same hundred shares, held three ways. Pick a row to see why it lands where it does.
| What you want to do | Brokera normal account | CFD appsynthetic exposure | bytblocka real share, tokenized |
|---|---|---|---|
| Buy 50 lei of a 130 lei share | |||
| Sell at three on a Sunday morning | |||
| Actually own the share | |||
| Receive the dividend | |||
| Spend it on lunch | |||
| Have the money the same second | |||
| Vote at the shareholders' meeting | |||
| Keep it if the platform disappears |
"CFD app" describes the category of products that offer round-the-clock exposure to share prices without conveying ownership. Terms differ between providers.
What actually changes
Six things, and none of them
are about the technology.
Nobody wakes up wanting a blockchain. They want the things one makes possible.
Any size you like
A share is indivisible; a token divides to six decimals. The price of one share stops being the price of entry.
Any hour you like
News does not wait for ten in the morning, and now neither do you.
Money in the same second
No two-day wait between selling something and being able to use what you sold it for.
One balance, not four
Shares, lei, euros and dollars in the same place, converted at the moment you spend rather than the week before.
Spendable, not just sellable
A portfolio you can pay with is a different object from a portfolio you can only watch.
Open to anyone in the EU
A Bucharest brokerage account is hard work from Lisbon. A token on a public network is not.
What happens if
The questions worth asking.
Anyone can promise that nothing will go wrong. What matters is what is true when something does.
If bytblock disappears tomorrow
The shares are not ours. They are bought on the Bucharest exchange and held with a licensed European depositary, in a client account that is segregated from the company's own assets and never appears on its balance sheet.
That is not a promise about our intentions. It is the reason an administrator winding the company up would have to return them rather than distribute them to creditors.
If the token itself broke
The share would still exist and would still be yours. The definitive record of who owns what is the depositary's register, not the blockchain — the chain is how the claim moves, not where the ownership lives.
A broken contract would be an inconvenience to be reissued around. It would not be a loss of the asset.
If the on-chain price drifted from Bucharest
It can, and outside exchange hours it will, because information arrives and nobody in Bucharest is quoting. What closes the gap is that the token is redeemable for the share.
When the exchange reopens, anyone able to buy the cheaper of the two and deliver the other makes the difference disappear. That is the same mechanism that keeps every ETF near its net asset value.
If everyone tried to redeem at once
Redemption is one for one against shares that already exist and are already held. There is no fractional reserve to run on, because nothing was lent out to create one.
The constraint is the exchange's opening hours and the liquidity of the underlying share, which is the same constraint any holder of that share faces.
If a regulator changed the rules
This is built inside the European framework rather than around it — a regulated issuer, segregated custody, published reserves, and the disclosure the framework asks for. That is slower to launch and much harder to switch off.
The alternative, an offshore wrapper with a friendly jurisdiction, is quicker to build and worth exactly as much as the jurisdiction is.
Why now
The window opened recently.
This was not possible in Europe five years ago. Three things changed, and all three are outside our control — which is rather the point.
A legal route appeared
The EU's DLT Pilot Regime created a supervised way to trade and settle real securities on a distributed ledger, instead of leaving it to whichever jurisdiction asked the fewest questions.
Digital money got a rulebook
MiCA brought stablecoins inside European regulation, with reserve and disclosure requirements. A euro token stopped being a promise from someone you had never met.
The rails are fast enough
Sub-second finality at a cost measured in fractions of a cent is what makes paying for lunch with a share sensible rather than a stunt.
bytblock is a demonstration build. Nothing described here has been authorised, issued or launched, and any future service would operate only under the applicable European framework and with the approval of the competent supervisory authority.
Same share. Better wrapper.
bytblock is a working demonstration. Join the list and we will bring you in market by market, starting with the Bucharest blue chips.
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