What is real-world asset tokenisation?
The definition and the mechanism: asset, wrapper, token and register, with the three legal forms a token can take.
Tokenisation infrastructure provider for regulated institutions in the UK and UAE
Ctrl Alt is a tokenisation infrastructure provider (US spelling: tokenization) that structures, issues and manages tokenised funds, real estate and private-market assets for professional and institutional clients through four regulated entities, including Ctrl Alt Ltd (FCA FRN 1045023) and its Dubai entity licensed by VARA (VL/25/05/002), and reports over $1.8 billion tokenised as of September 2026.
UK United Kingdom: Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.
AE Dubai (VARA): Virtual Assets may lose their value in full or in part, and are subject to extreme volatility. The owner or investor in a Virtual Asset can lose all the money or other value they invest, and does not benefit from any form of financial protection.
Our services can only be used by professional or institutional investors. When investing, your capital is at risk. The value of an investment may go down as well as up and past performance is not a reliable indicator of future results.
Licence ledger. Four regulated entities, one per jurisdiction. Each reference opens the regulator's public register. Entries last verified .
| UKUnited Kingdom | IEIreland, EEA | GGGuernsey | AEDubai, UAE | |
|---|---|---|---|---|
| Entity | Ctrl Alt Ltd | Ctrl Alt Technologies Limited | Ctrl Alt Corporate Services Limited | Ctrl Alt Solutions DMCC |
| Regulator | Financial Conduct Authority | Central Bank of Ireland | Guernsey Financial Services Commission | Virtual Assets Regulatory Authority |
| Permission | Authorised and regulated firm | Investment firm under MiFID: receipt and transmission of orders; placement of financial instruments without a firm commitment | Fiduciary primary licensee; investment licensee for controlled investment business | VASP Licence: Broker-Dealer Services and Category 1 VA Issuance, for Qualified and Institutional Investors only |
| Reference | FRN 1045023 | C571300 | 3085959 | VL/25/05/002 |
What Ctrl Alt tokenises, and for whom
Ctrl Alt structures, issues and manages tokenised products for three kinds of client. Each route below carries one dated fact from the public record and links to the page that covers it in full.
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Asset managers and fund issuers
Structuring and distribution for funds, special purpose vehicles and structured products. The Guernsey licences announced on cover corporate administration for Ctrl Alt vehicles and registrar and digital transfer agent work for fund and vehicle interests.
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Governments, land registries and asset owners
Ctrl Alt is the tokenisation partner for Dubai Land Department's Real Estate Tokenization Project. The pilot stage tokenised ten Dubai properties worth AED 18.5 million, which is more than $5 million.
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Financial institutions and fintechs
Ctrl Alt works with institutions through custom technology builds or API integrations. On it announced its first tokenised structured product on Solana, issued through a Guernsey-domiciled vehicle.
Assets tokenised, with dates
Ctrl Alt reports its tokenised total in press releases. Each figure below is shown with the date the company gave for it and the release it comes from. The total spans real estate, private credit, funds and commodities.
| As of | Reported total | Source |
|---|---|---|
| Over $295 million | Press release: Dubai Land Department project | |
| Over $460 million | Press release: ISO 27001 certification, 7 November 2025 | |
| Over $1.2 billion | Press release: FCA authorisation, 8 April 2026 | |
| Over $1.6 billion | Press release: Central Bank of Ireland authorisation, 21 July 2026 | |
| Over $1.7 billion | Press release: Guernsey licences, 5 August 2026 | |
| Over $1.8 billion | Press release: board appointment, 23 September 2026 |
Company-reported, not independently verified. Last reviewed .
How we are regulated
Four entities hold four authorisations. Each paragraph uses the regulator's own verb and number, and links to the public register so the entry can be checked.
UK
United Kingdom: Ctrl Alt Ltd
Ctrl Alt Ltd (company no. 16547640, England and Wales) is authorised and regulated by the Financial Conduct Authority (FRN 1045023). The authorisation was announced on ; before that the firm operated as an appointed representative.
IE
Ireland and the EEA: Ctrl Alt Technologies Limited
Ctrl Alt Technologies Limited (Companies Registration Office no. 737431) is authorised as an investment firm under MiFID by the Central Bank of Ireland (reference C571300), with passporting across the EEA announced on . It serves eligible counterparties and professional clients only.
GG
Guernsey: Ctrl Alt Corporate Services Limited
Ctrl Alt Corporate Services Limited (Guernsey registration no. 78152) is licensed by the Guernsey Financial Services Commission (GFSC reference 3085959) as a fiduciary primary licensee and to carry on controlled investment business. The licences were announced on .
AE
Dubai: Ctrl Alt Solutions
Ctrl Alt Solutions DMCC (company no. DMCC199928) is licensed by Dubai's Virtual Assets Regulatory Authority (VASP Licence VL/25/05/002, issued ) for Broker-Dealer Services and Category 1 VA Issuance. The register limits both to Qualified and Institutional Investors under a VA Limited Licence, in the context of tokenising asset-referenced virtual assets (ARVA) authorised by Dubai Land Department.
What each authorisation covers, and what it does not, is set out under licences and register entries. Company numbers, registered offices and leadership roles are on the page about the four regulated Ctrl Alt entities.
Projects on the public record
Memoranda of understanding are labelled as such. They are not live products.
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2024
First tokenisation of capital in Guernsey for institutional investors, a debt transaction for a UK bank, with Carey Olsen. Transaction
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2025
Dubai Land Department launches its Real Estate Tokenization Project with Ctrl Alt as tokenisation partner, alongside VARA, the Dubai Future Foundation and Prypco. The XRP Ledger is the chosen blockchain. Live project
Ripple's institutional custody technology is adopted for the Dubai Land Department project. Custody
Bank of England Digital Securities Sandbox: Gate 1 approval notice issued to Ctrl Alt Ltd, per the Bank of England sandbox dashboard. Gate 1 is the testing stage and gives no permission for live activity. Sandbox, Gate 1
Memorandum of understanding with Smart Pension, Mobius and Octopus Energy Generation on the Tokenised Renewable Assets Coalition. MoU
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2026
Memorandum of understanding with Mirae Asset Global Investments to explore fund tokenisation in the UAE. MoU
Approved as a Synchronisation Operator in the Bank of England's Synchronisation Lab. Lab
Phase two of the Dubai project opens controlled secondary market trading, with about 7.8 million tokens eligible for resale. Live project
First tokenised structured product on Solana, through a Guernsey-domiciled vehicle, with legal structuring by Carey Olsen. Transaction
For the Dubai programme in detail, read how real estate tokenisation works in Dubai.
Security and safeguarding
- ISO 27001
NQA, - Certification to ISO 27001 was announced on 7 November 2025 and granted by NQA, which Ctrl Alt describes as an independent, UKAS-accredited auditor. The certificate number and scope are not published.
- Custody technology
Ripple, - Ctrl Alt uses Ripple's institutional custody technology for the Dubai Land Department project, a partnership announced on 16 July 2025.
- Safeguarding
Ctrl Alt Ltd, UK - Where Ctrl Alt Ltd is responsible for safeguarding client assets, it states that appropriate segregation measures, systems and controls are in place, and that it oversees third-party custodians.
Each claim, with its issuer, date and source, is on the page for ISO 27001, custody and safeguarding.
Pricing in brief
Ctrl Alt does not publish a price list, minimums or a rate card. Pricing is agreed for each mandate, and cost builds up across the four stages that a mandate passes through.
Consultation and strategy
Planning, structuring, legal and compliance
Technical implementation and tokenisation
Launch, distribution and management
What drives the cost at each stage is explained under how tokenisation pricing works.
Insights for institutions
Related guides from Ctrl Alt Insights.
Real estate tokenisation in Dubai
The Dubai Land Department project: timeline, roles, stages and what holders own.
Tokenisation regulation in the UK and UAE
Who regulates what in 2026, with a real licence as the worked example in each jurisdiction.
All three guides, and the reading order for each kind of client, are in tokenisation insights for institutions. Terms such as ARVA, SPV and transfer agent are defined in the tokenisation glossary. These guides are for information only and are not investment advice.
Talk to the team
- General enquiries
- [email protected]
- Platform briefing
- Tell us the asset, the wrapper and the jurisdiction on the enquiry form to request a platform briefing.
- Complaints
- [email protected]. Steps and response times are in the complaints procedure.
- Telephone
- No telephone number is published.
- Offices
- London (global headquarters), Belfast, Dundalk, Dubai and Guernsey.
Short answers on process, eligibility and licences are in the frequently asked questions. Before any mandate, read the risk disclosure.