Binary or multiple stellar systems, constituting almost a third of the content of the Milky Way, represent a high priority astronomical target due to their repercussions on the stellar dynamical and evolutionary parameters. Moreover the spectral study of such class of stars allows to better constrain the evolutionary theories of the Galactic stellar populations. By resolving the members of stellar systems through photometric observations we are able to perform more detailed measurements to infer their mass. In this paper we investigate the feasibility of a cubesat based mission including an optical payload to directly optically discriminate the members of a selected sample of binary systems. The scientific targets, consisting 11 M class dwarf stars binary systems, have been extracted from the already studied Riaz catalogue. These subset has been selected considering the star distance, the members angular separation, and the distance from the Galactic plane (due to limit the background and foreground contamination). The satellite concept is based on a 6 unit Cubesat embedding some commercial off the shelf components and an ad hoc designed optical payload occupying almost 4 units. The optical configuration has been chosen in order to fit the angular resolution requirements, as derived from the target characteristics. Moreover, according to the optical analysis and the computed field of view some requirements on the attitude control system have been inferred and fulfilled by the component selection. The paper is organized as in the following: a brief scientific introduction is made; consequently the project is described with particular attention to the optical design and the standard sub-systems; finally the conclusions are drawn and the future perspectives are investigated.