AI scoring & data-to-text
Financial scoring models that read structured filings and market data, and generate the written reasoning behind a rating — so an issuer's numbers arrive as an argument an investor can read, not a spreadsheet to decode.
MAMA AI group · Prague
Digital securities need machine-grade trust.
Cipherella builds the smart contracts, cryptographic plumbing and AI scoring behind tokenised bond infrastructure — including DEUSS, the Decentralised EU Securities Service for European SMEs.
Where we work
Regulated capital markets, where a ledger entry has to survive an audit, a data-protection review and a settlement dispute — not just a demo.
Talk to us€8MDEUSS project budget, funded through the Czech National Recovery Plan and NextGenerationEU
210+SMEs that have signed letters of intent to use the platform
20EBSI blockchain nodes across EU member states carrying the ledger
2024Year DEUSS development started; the platform is now in its final phase
What we build
Three disciplines, one delivery team.
Tokenised securities fail at the seams — between the chain and the regulator, between raw filings and a decision an investor can defend. We work on all three layers at once, so the seams are somebody's job.
Smart contracts & tokenisation
Contracts that record individual bonds and their quantities on blockchain accounts, drive the lifecycle of an issue, and enforce the rules for authorised transfers, custody and trade settlement. Written to be audited, then audited.
Platform delivery
The unglamorous half of a regulated market: onboarding and verification, payment flows, oversight tooling, and the integrations that hold separate applications together as one auditable system.
Project · DEUSS
A single European place to issue and trade an SME bond.
DEUSS — Decentralised EU Securities Service — is a platform for issuing and trading digitalised bonds across the European Union. It is led by the Czech Technical University in Prague with partners across the EU, and funded by the Czech Ministry of Industry and Trade through the National Recovery Plan.
Today a small or medium-sized company that wants to raise money by issuing a bond runs into administrative, financial and organisational complexity that only large issuers can absorb. Investors have the mirror-image problem: smaller issues are scattered across national markets, hard to find and harder to compare.
DEUSS answers both with one standardised environment, EU-wide, regardless of the issuer's country of origin. Blockchain is used as an instrument of trust: the existence of a bond, who owns it and the history of transactions are recorded so they can be audited later. The ledger runs on EBSI, the European Blockchain Services Infrastructure, across 20 nodes in EU member states — redundancy instead of a single point of failure.
The platform is built as five separate applications covering entity registration and verification, financial scoring, payment management and platform oversight. Its smart contracts have passed a security audit, more than 200 SMEs are lined up to participate, and the development teams have committed to two further years of support after launch.
Bond lifecycle on the platform
- 01Registration & verificationIssuers and investors are onboarded and their credentials verified before anything reaches the ledger.
- 02Financial scoringThe issuer's financial standing is assessed and expressed in a form an investor can compare across countries.
- 03Issuance & tokenisationSmart contracts record the bonds and their quantities on blockchain accounts and open the emission.
- 04Trading & settlementTransfers are permitted only where the rules allow, with custody and settlement enforced in contract logic.
- 05Oversight & auditEvery state change leaves a trace that supervisors, auditors and the parties themselves can reconstruct.
Our part
Where Cipherella fits.
Cipherella works on DEUSS as a technology partner. Three streams, all of them the kind of work that only shows up when it is missing.
Stream 01
Scoring & reporting
Turning an issuer's structured data into a financial score and into readable reporting, so due diligence on a small issue costs hours rather than weeks.
Stream 02
Chain & contracts
Smart contract work and EBSI integration: emission lifecycle, authorised transfers, custody and settlement, built to survive an external security audit.
Stream 03
Software delivery
Engineering and integration across the platform's applications, and the compliance-facing plumbing that keeps a blockchain system inside EU financial and data-protection rules.
EBSI
Verifiable credentials
Audited smart contracts
Tokenised bonds
NextGenerationEU
EU-wide standardisation
Contact
Issuing, tokenising or supervising a digital security?
If your problem sits between a chain, a regulator and a balance sheet, that is the intersection we work in. Tell us what you are building and we will tell you plainly whether we are the right team for it.
Company details
- Entity
- MAMA AI Cipherella s.r.o.
- Reg. no.
- IČO 21182931
- Seat
- Revoluční 764/17, Staré Město, 110 00 Praha 1, Czech Republic
- Founded
- 29 January 2024
- Group
- themama.ai
- Phone
- +420 737 264 326