Asset tokenisation platform: structure, issue and manage real-world assets
Ctrl Alt's asset tokenisation platform (US spelling: asset tokenization platform) takes a real-world asset from legal structuring to on-chain issuance, distribution and lifecycle management in four steps. Four regulated entities deliver it (FCA FRN 1045023, Central Bank of Ireland C571300, GFSC 3085959, VARA VL/25/05/002), and the company 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.
What the platform covers, end to end
Ctrl Alt lists six service lines for asset managers: structuring, distribution, liquidity, operational efficiency, flexibility across special purpose vehicles (SPVs), funds or structured products, and compliance. They group into four capabilities, each tied to the regulated entity that carries it.
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Structuring and legal wrappers
The asset is first placed in a legal wrapper: an SPV, a fund or a structured product. Guernsey vehicles can be administered by Ctrl Alt Corporate Services Limited under its Fiduciary licence, announced on , which covers corporate administration, directorship and governance for Ctrl Alt vehicles.
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On-chain issuance
The token is created on a public ledger once the wrapper and its compliance terms are fixed. The XRP Ledger and Solana are the two ledgers used in announced transactions.
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Distribution
The product is placed with eligible investors by the entity that holds the permission for the market. Liquidity is a listed service line; the one secondary market on record is the controlled resale market opened in phase two of the Dubai project on .
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Registrar, transfer agency and lifecycle management
After launch, the register of holders is kept and transfers are processed. The Protection of Investors licence, announced with the Fiduciary licence, covers acting as registrar and digital transfer agent for investment fund and vehicle interests.
Operational efficiency and compliance, the two remaining service lines, run through every stage. The tooling behind them is not described publicly.
Which entity holds which permission is shown in the entity table below. Terms such as SPV, transfer agent and ARVA are defined in the glossary of tokenisation terms.
The four delivery steps of a mandate
A mandate moves along one line in four steps. Ctrl Alt names the steps; the list adds who acts at each one and what it produces, drawn from the licences each entity holds and the roles named in announced transactions. Read it as the usual pattern, not as contract terms.
The timeline shows delivery only. The legal mechanism (asset, wrapper, token and register) is drawn in the guide to how real-world asset tokenisation works.
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1. Consultation and strategy
Client: describes the asset, its present owner, the target investors and the jurisdictions. Ctrl Alt: tests whether tokenisation suits the asset and proposes the wrapper and the regulated entity to carry the mandate.
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2. Structuring, legal and compliance
External counsel: drafts the legal structure, as Carey Olsen did for the structured product announced in April 2026. Ctrl Alt: sets up the SPV, fund or structured product; Ctrl Alt Corporate Services Limited can administer Guernsey vehicles. Compliance: fixes which investors may hold the token.
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3. Technical implementation and issuance
Ctrl Alt: configures the token on the chosen ledger and connects the client's systems by custom build or API integration. Custody: in place before issuance; the Dubai project runs on Ripple's institutional custody technology. Client: approves the configuration before tokens are issued.
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4. Launch, distribution and management
Distribution: the Ctrl Alt entity with the permission for the market, or a distributor such as Prypco in the Dubai project, places the product with eligible investors. Registrar: keeps the register of holders and processes transfers. Client: stays responsible for the asset itself.
Asset classes with a transaction on record
Three asset classes have a dated transaction in Ctrl Alt's announcements. Each row names its source and the page that covers the asset class.
| Asset class | Transaction on record | Date | Source | Covered on |
|---|---|---|---|---|
| Real estate | Tokenisation partner for Dubai Land Department's Real Estate Tokenization Project, on the XRP Ledger. | Press release: Dubai Land Department project | real estate tokenisation for governments and registries; the Dubai Land Department project explained | |
| Debt | First tokenisation of capital in Guernsey for institutional investors: a debt transaction for a UK bank, with Carey Olsen. | Press release: Ctrl Alt and Carey Olsen | asset classes and wrappers in the tokenisation guide | |
| Structured products | First tokenised structured product on Solana, issued through a Guernsey-domiciled vehicle with legal structuring by Carey Olsen. | Press release: structured product on Solana | fund tokenisation platform for asset managers |
Sources are Ctrl Alt press releases of the dates shown. Last reviewed .
Exploratory, not live products. Two memoranda of understanding point at further asset classes:
- Fund tokenisation in the UAE: memorandum of understanding with Mirae Asset Global Investments, . MoU
- Renewable assets: the Tokenised Renewable Assets Coalition (TRAC), a memorandum of understanding with Smart Pension, Mobius and Octopus Energy Generation, . MoU
Ctrl Alt says its reported total also spans private credit, funds and commodities. Only transactions with a date and a named release are listed here.
Ledgers, custody and integration options
Ledgers used to date
The XRP Ledger was selected for Dubai Land Department's Real Estate Tokenization Project, and Solana carries the structured product announced in April 2026. Ctrl Alt also helped design the XRP Ledger amendment XLS-68d, Sponsored Fees and Reserves, with Ripple and the XRPL developer community. No list of supported chains is published.
Custody
For the Dubai project, Ctrl Alt uses Ripple's institutional custody technology. Where Ctrl Alt Ltd is responsible for safeguarding client assets in the UK, it states that segregation measures, systems and controls are in place and that it oversees third-party custodians. No custody provider is named for other mandates. Each claim is dated under security and compliance evidence.
APIs, custom builds and white label
Ctrl Alt describes its work with governments and other institutions as ranging from custom technology builds to API integrations, and its enquiry form lists White Label and Bespoke Solutions as areas of interest. No API documentation, sandbox or white-label specification is published.
Which regulated entity provides what
The platform is not one legal person. Four entities hold four authorisations, and the one that contracts depends on the jurisdiction and the activity.
| Entity | Jurisdiction | Regulator and reference | Permitted activities | Who it can serve |
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| Ctrl Alt Ltd | United Kingdom | Authorised and regulated by the Financial Conduct Authority, FRN 1045023 | The firm describes arranging investments and, where it is responsible for them, safeguarding client assets. The full permission list is on the FCA Register. | Professional or institutional investors |
| Ctrl Alt Technologies Limited | Ireland, with passporting across the EEA | Authorised as an investment firm under MiFID by the Central Bank of Ireland, reference C571300 | Receipt and transmission of orders; placement of financial instruments without a firm commitment | Eligible counterparties and professional clients as defined under MiFID |
| Ctrl Alt Corporate Services Limited | Guernsey | Licensed by the Guernsey Financial Services Commission, GFSC reference 3085959 | Fiduciary licence: corporate administration, directorship and governance for Ctrl Alt vehicles. Protection of Investors licence: registrar and digital transfer agent for investment fund and vehicle interests | Vehicles in Ctrl Alt structures and the professional or institutional investors in them |
| Ctrl Alt Solutions DMCC | Dubai, United Arab Emirates | Licensed by Dubai's Virtual Assets Regulatory Authority, VASP Licence VL/25/05/002 | Broker-Dealer Services and Category 1 VA Issuance under a VA Limited Licence, in the context of tokenising asset-referenced virtual assets (ARVA) that Dubai Land Department has authorised | Qualified and Institutional Investors |
Last verified : the Irish, Guernsey and Dubai entries against the public registers; the UK entry against the firm's own statement.
Company numbers and registered offices are on the page about the entities behind the platform. Register entries open from the page of licence numbers and register links, and the regimes are compared in the guide to UK and UAE tokenisation rules.
Fees and timeline
Ctrl Alt publishes no price list, minimum or rate card, and no timetable per step. The table lists the four cost stages of a mandate.
| Cost stage | Charged by | Basis | Figure |
|---|---|---|---|
| Consultation and strategy | Ctrl Alt | Scope of the feasibility work | On request |
| Structuring, legal and compliance | Ctrl Alt; external counsel bills its own fees | Wrapper type, jurisdictions and number of parties | On request |
| Technical implementation and issuance | Ctrl Alt | Ledger, custody set-up and integration work | On request |
| Launch, distribution and management | Ctrl Alt entity that serves the market | Distribution, registrar and administration services | On request |
Last reviewed . No fees or minimums are published, so each figure reads On request.
Elapsed time per step is not published either. Cost components are set out under tokenisation pricing and cost drivers, and the tokenisation guide explains how long a tokenisation takes and why.
Using a platform versus building in-house
An institution can tokenise through a provider or assemble the licences, technology and operations itself. The table states the drawback on each side of six criteria.
| Criterion | Using a regulated platform | Building in-house |
|---|---|---|
| Licences and regulatory perimeter | The provider's entities hold the authorisations. Drawback: the product must fit the scope and investor-class limits of those licences. | Permissions are designed around the product. Drawback: applying in each market takes time, with no certainty of approval. |
| Time to first issuance | Starts from structures and integrations already used in live transactions. Drawback: the timetable depends on the provider's capacity. | No provider queue. Drawback: hiring, vendor selection, build and regulatory engagement come before the first token. |
| Control over the stack | Ledger, custody and token design are chosen from what the provider supports. Drawback: less freedom to change components. | Full control of ledger, custody and contract design. Drawback: full responsibility for security, audits and upgrades. |
| Vendor dependency | Concentrated on one provider. Drawback: exit, migration and custody of the register must be agreed at the start. | No single tokenisation vendor. Drawback: custody, ledger and audit suppliers remain, and knowledge sits with a small team. |
| Ongoing compliance burden | Shared: the provider answers to its regulators for the licensed activities. Drawback: the client keeps the duties of its own role. | One line of accountability. Drawback: monitoring, reporting, record keeping and audits are carried in full. |
| Integration effort | One integration, by API or custom build. Drawback: internal processes adapt to the provider's data model. | Interfaces follow the firm's own design. Drawback: each link to custodians, ledgers and transfer agents is built and maintained separately. |
Qualitative comparison for the build-or-buy decision; no scores and no other provider named.
Questions institutions ask
Which blockchains does Ctrl Alt use?
Two public ledgers appear in announced transactions: the XRP Ledger, selected for Dubai Land Department's Real Estate Tokenization Project in May 2025, and Solana, for the structured product announced on 30 April 2026. Ctrl Alt also contributed to the XRP Ledger amendment XLS-68d. No list of supported chains is published, so raise any other ledger in the briefing.
Is a white-label deployment available?
White Label is one of the interest options on Ctrl Alt's enquiry form, next to Bespoke Solutions, Structuring, Distribution and Tokenization, so a white-label arrangement can be raised with the team. The public pages do not say what is branded, who operates the platform or which entity contracts, so those points are for the briefing.
Does the platform offer an API?
Yes, in the sense that Ctrl Alt describes its work with institutions as ranging from custom technology builds to API integrations. No public API documentation, reference or sandbox is published, so endpoints, authentication and service levels cannot be assessed from the website. Ask for the technical documentation during the briefing.
Who can use the platform?
Professional and institutional investors only. Ctrl Alt states that its services can only be used by professional or institutional investors and that its website is not directed at retail clients. In the EEA, the Irish entity serves eligible counterparties and professional clients under MiFID. In Dubai, the VARA licence is limited to Qualified and Institutional Investors.
What does a client need to prepare before step one?
A clear description of the asset and of who owns it today, the investors the product is meant for, and the jurisdictions involved. Those three points decide the wrapper, the Ctrl Alt entity and the licence that apply. Ctrl Alt publishes no formal checklist, so treat this as a starting point and confirm the document list in the first conversation.
Cost is covered on the pricing page and timing in the tokenisation guide. Process, licences and eligibility across the group are answered in the tokenisation FAQ.
Regulatory disclosure and related pages
Four entities provide the asset tokenisation platform. The one that contracts with a client depends on the jurisdiction and the activity.
- United Kingdom
- Ctrl Alt Ltd (company no. 16547640, England and Wales) is authorised and regulated by the Financial Conduct Authority (FRN 1045023). Search the FCA Register for FRN 1045023.
- Ireland and the EEA
- Ctrl Alt Technologies Limited is authorised as an investment firm under MiFID by the Central Bank of Ireland (reference C571300), for eligible counterparties and professional clients only. Central Bank of Ireland register, C571300.
- Guernsey
- Ctrl Alt Corporate Services Limited is licensed by the Guernsey Financial Services Commission (GFSC reference 3085959) as a fiduciary primary licensee and to carry on controlled investment business. GFSC register, 3085959.
- Dubai, UAE
- Ctrl Alt Solutions DMCC is licensed by Dubai's Virtual Assets Regulatory Authority (VASP Licence VL/25/05/002) for Broker-Dealer Services and Category 1 VA Issuance, for Qualified and Institutional Investors under a VA Limited Licence. VARA public register, VL/25/05/002.
The Financial Services Compensation Scheme protects eligible investors up to £85,000 per person per authorised firm. Ctrl Alt Ltd states that the investments it arranges may not always be covered by an equivalent investor compensation scheme.
Ctrl Alt does not provide investment advice or recommendations. This page is for information only and is not investment advice.
All guides sit under insights for institutions. The group is introduced on the home page for Ctrl Alt tokenisation infrastructure.
Bring the asset, the wrapper and the jurisdiction
Use the briefing to ask which entity would contract, which ledger and custody set-up fit, and what a quotation would contain. Services are for professional or institutional investors only.