Tokenisation platform pricing: what a mandate costs and what drives the price
Ctrl Alt does not publish a price list: as of its website shows no fees, minimums or rate card, so tokenisation platform pricing (US spelling: tokenization) is quoted per mandate, and this page sets out the cost components of the four-step process, who charges each one and what moves the total up or down.
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What is published and what is not
The public record on price, as read on 6 October 2026.
None of the 57 pages crawled on Ctrl Alt's website on shows a fee, a minimum asset or ticket size, a rate card or a list of supported chains. That is the whole public position on price, and this page does not fill the gap with estimates.
- Published
- The four steps of a mandate. Six services for asset managers: structuring, distribution, liquidity, operational efficiency, flexibility across SPVs, funds or structured products, and compliance. The four regulated entities with their licence numbers, and the transactions announced in press releases.
- Not published
- Fees and rate cards. Minimum asset, fund or ticket sizes. A list of supported chains. Durations per step. Custody providers beyond the Dubai Land Department project.
- How to get a figure
- By quotation: request a quote through the enquiry form, which lists Structuring, Tokenization, Distribution, White Label and Bespoke Solutions among its areas of interest.
Institutional tokenisation is rarely sold from a list. The work changes with the asset, the legal wrapper, the jurisdictions, the investors and the integration, and part of the bill comes from third parties: counsel, custodians, registries and auditors. That is a general observation about mandates of this kind. It is not a reason given by Ctrl Alt.
Cost components of a tokenisation mandate
A mandate has nine cost components. The table places each one on the steps of the four-step asset tokenisation platform, names who usually sends the invoice and says whether the charge is one-off or recurring. The last column is Ctrl Alt's own figure. It reads On request in every row, because no figure is published.
- Step 1Consultation and strategy
- Step 2Planning, structuring, legal and compliance
- Step 3Technical implementation and tokenisation
- Step 4Launch, distribution and management
| Component | Step | Charged by | Basis | Ctrl Alt figure |
|---|---|---|---|---|
| Strategy and feasibility | Step 1 | Ctrl Alt | One-off | On request |
| Legal structuring and vehicle set-up | Step 2 | External counsel for the legal drafting. Ctrl Alt for the SPV, fund or structured product; for a Guernsey vehicle, Ctrl Alt Corporate Services Limited | One-off, then recurring where Ctrl Alt administers the vehicle | On request |
| Regulatory and compliance onboarding | Step 2 | The Ctrl Alt entity that holds the permission. A regulator or registry, where a filing or approval carries its own charge | One-off, recurring where an approval renews | On request |
| Technical implementation and issuance | Step 3 | Ctrl Alt. The ledger network, for transaction fees and reserves | One-off, plus network fees per transaction | On request |
| Custody | Steps 3 and 4 | Ctrl Alt or a third-party custodian, depending on the custody arrangement | Recurring | On request |
| Registrar, transfer agency and administration | Step 4 onward | For Guernsey fund and vehicle interests, Ctrl Alt Corporate Services Limited. Otherwise the registrar or administrator the client appoints | Recurring | On request |
| Distribution and placement | Step 4 | The Ctrl Alt entity that serves the market, or a distributor acting under its own licence | One-off at launch or recurring, by agreement | On request |
| Ongoing disclosure and audits | Step 4 onward | Independent auditors and other third parties. Ctrl Alt for the reporting it performs | Recurring | On request |
| Secondary-market support | After launch | The Ctrl Alt entity, or the distributor or venue that runs resale | Recurring or per transaction | On request |
Last reviewed . Method: the components follow Ctrl Alt's four published steps and the roles named in its announced transactions. Charged by and Basis describe the usual allocation for mandates of this kind, not contract terms. Excluded: the price of the underlying asset, tax and the client's own advisers.
What is on record about the custody component is set out under custody and security arrangements. Which of the four entities sends the invoice follows from which regulated entity contracts with you.
Pricing models used for tokenisation platforms
Tokenisation providers charge in four broad ways, often in combination. The table describes each model in general terms, so that a quotation can be read against it. It is not taken from any provider's price list.
| Model | How the charge is set | Where it tends to fit | What to check in a quote |
|---|---|---|---|
| Set-up fee plus recurring servicing fee | A one-off amount for structuring and issuance, then a periodic fee for administration, registrar work and reporting. | A single asset or a single fund with a defined launch. | What ends the set-up phase, and what the servicing fee includes. |
| Basis points on assets under administration | A percentage of the value administered, charged periodically, sometimes with a floor. | Funds and programmes whose size changes over time. | Which value is used, when it is measured and whether a minimum applies. |
| Platform or white-label licence | A recurring licence for the technology under the client's own brand, with implementation charged separately. | Institutions that run issuance themselves and need the infrastructure. | What is licensed, who operates it and who holds the regulatory permission. |
| Per-transaction charges | A charge for each issuance, subscription, transfer or redemption, alone or on top of another model. | Products with frequent dealing or secondary trading. | Which events are chargeable, and who pays network fees. |
Ctrl Alt's own model is not published. Its enquiry form lists White Label and Bespoke Solutions next to Structuring, Distribution and Tokenization, so a licence arrangement and a custom build can both be raised. Which model applies to a mandate is a question for the quotation.
What moves the price up or down
Five drivers, each tied to a fact on the public record.
The drivers below are read from what Ctrl Alt has published about its wrappers, entities, ledgers and projects. They show where the scope of a mandate grows or shrinks. They do not show how Ctrl Alt weights a quotation.
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Asset class and legal wrapper
Ctrl Alt structures products as SPVs, funds or structured products. Each wrapper has its own set-up work, governing documents and ongoing administration, so the same asset costs a different amount to tokenise depending on what holds it. An asset class with a public register of its own, such as land, adds the registry as a party.
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Jurisdictions and regulated activities involved
Four entities hold four authorisations: Ctrl Alt Ltd in the UK (FCA FRN 1045023), Ctrl Alt Technologies Limited in Ireland (Central Bank of Ireland reference C571300), Ctrl Alt Corporate Services Limited in Guernsey (GFSC reference 3085959) and Ctrl Alt Solutions DMCC in Dubai (VARA VL/25/05/002). Each added jurisdiction adds a contracting entity, a rule set and, usually, local counsel. A mandate that stays inside one licence has fewer parties to price than one that spans several.
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Investor class and distribution
Ctrl Alt's services are for professional or institutional investors only, and its Dubai licence is limited to Qualified and Institutional Investors. Distribution can also run through a separate distributor acting under its own licence and terms, as Prypco does in the Dubai project. Each distribution route adds onboarding, eligibility checks and an agreement to price.
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Ledger, custody and integration model
Two public ledgers are on record: the XRP Ledger for the Dubai project and Solana for the structured product announced in April 2026. The ledger sets the network fees and the custody technology, and the integration route, which Ctrl Alt describes as running from custom tech builds to API integrations, sets the engineering effort. No list of supported chains is published.
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Secondary trading and ongoing reporting
Phase Two of the Dubai project, launched on , added controlled secondary market trading. Resale needs a venue or a distributor, transfer rules and a register that stays in step. Recurring disclosure adds to it: for asset-referenced virtual assets in Dubai, the VARA Issuance Rulebook, Annex 2 requires disclosure of the number and value of tokens in circulation at least monthly and an independent audit every six months.
Timeline as a cost driver
Ctrl Alt publishes no duration for a mandate or for any of its four steps. Elapsed time raises cost mainly in three places: regulatory approvals, legal structuring, and integration with a registry or a custodian. Each keeps counsel, compliance staff and engineers engaged for as long as it runs.
How long a tokenisation takes, and what decides it, is answered in the guide to how tokenisation works step by step.
Three mandate outlines
Each outline takes one kind of mandate and anchors it on a transaction Ctrl Alt has announced. It names the components from the table that apply, the Ctrl Alt entity involved and the third parties that bill separately. There are no amounts, because none is published.
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A tokenised fund or feeder
- Components that apply
- The first seven rows of the table, from strategy to distribution and placement. Disclosure follows the fund's own reporting cycle, and secondary-market support applies only where the fund documents allow transfers.
- Ctrl Alt entity
- Ctrl Alt Corporate Services Limited (GFSC reference 3085959) for a Guernsey vehicle and its register. Ctrl Alt Technologies Limited (Central Bank of Ireland reference C571300) for placement with eligible counterparties and professional clients in the EEA.
- Billed by others
- Fund counsel. The fund's depositary, administrator and auditor, who keep their roles. The ledger network.
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A registry-backed property programme
- Components that apply
- All nine. Integration with the land registry sits inside technical implementation, and secondary-market support applies from Phase Two.
- Ctrl Alt entity
- Ctrl Alt Solutions DMCC, licensed by VARA (VASP Licence VL/25/05/002) for Broker-Dealer Services and Category 1 VA Issuance, for Qualified and Institutional Investors.
- Billed by others
- The distributor, Prypco, under its own terms. The independent auditor that the VARA rules require. The ledger network. Custody on this project runs on Ripple's institutional custody technology.
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A tokenised structured product
Asset tokenisation platform for structured products and other asset classes
- Components that apply
- The first seven rows of the table. Disclosure and audits follow the vehicle's own reporting duties, and secondary-market support applies only if resale is offered.
- Ctrl Alt entity
- Ctrl Alt Corporate Services Limited (GFSC reference 3085959) for the Guernsey vehicle. The entity that places the product depends on where the investors are.
- Billed by others
- Counsel, which was Carey Olsen in the announced transaction. The custodian, where a third party is appointed. The Solana network.
What to ask for in a quote
Ten cost questions to put to any provider, Ctrl Alt included.
- Scope per step. What is included in each of the four steps, and what counts as out of scope?
- Pass-through costs. Which third-party costs are passed through at cost, which carry a margin, and which do we contract for directly?
- Custody and network fees. Who pays custody fees, ledger transaction fees and any account reserves, at issuance and afterwards?
- Minimums. Is there a minimum asset size, a minimum fee or a minimum term?
- Recurring charges. Which charges recur after launch, on what basis, and how often can they be reviewed?
- Exit and migration costs. What does it cost to move the register, the tokens or the vehicle to another provider or ledger, or to wind the product up?
- Change fees. What is charged for a change after launch, such as a new investor class, a new jurisdiction or a new distributor?
- Regulatory filings. Which filings, approvals, whitepapers and audits are in the price, and which are billed as they arise?
- Service levels. Which service levels are in the price, and what is the remedy when one is missed?
- Who contracts with whom. Which Ctrl Alt entity signs, which third parties do we sign with ourselves, and in which currency?
The list covers cost only. Terms used in a quotation, such as SPV, transfer agent and asset-referenced virtual asset, are defined in the glossary.
Pricing questions
How much does it cost to tokenise an asset?
There is no published figure. Ctrl Alt shows no fees, minimums or rate card on its website and prices each mandate by quotation. The total is the sum of nine components, from feasibility to secondary-market support, and several are billed by third parties such as counsel, custodians and auditors. To get a number, describe the asset, the wrapper, the jurisdictions and the investors in the enquiry form.
What are the ongoing costs of a tokenised asset?
After launch, the recurring costs are custody, registrar or transfer agency work, administration of the vehicle, ongoing disclosure and audits and, where the token can be resold, secondary-market support. For asset-referenced virtual assets in Dubai, the VARA rules add monthly disclosure and an independent audit every six months. Ctrl Alt publishes no amounts for any of these.
Is there a minimum asset size?
None is published. Ctrl Alt states no minimum asset, fund or ticket size. The only sizes on record come from the Dubai Land Department pilot: ten properties worth AED 18.5 million in total, with individual listings valued between AED 1,000,000 and AED 2,400,000 at the point of platform listing. Those figures describe one government programme. They are not a threshold.
Who pays ledger network fees?
It is not stated, so ask for it in the quotation. Public ledgers charge a fee for each transaction, and the XRP Ledger also requires each account to hold a reserve in XRP. Ctrl Alt helped design the XRP Ledger amendment XLS-68d, Sponsored Fees and Reserves, with Ripple and the XRPL developer community. Whether the issuer, Ctrl Alt or the holder pays on a given mandate is a contract term.
Do investors pay fees?
It depends on the product, and this page does not cover it. The components above are what an issuer or institution pays for a mandate. What an investor pays is set in each product's own documents and by any distributor, and Ctrl Alt publishes no investor fee schedule. For the Dubai property tokens, the documents to read are the whitepaper for each token and the distributor's terms.
Short answers on process, licences and client categories are in the site FAQ: other frequently asked questions.
Change log and related pages
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2026
Page created. Ctrl Alt publishes no fees, minimums or rate card, so every figure reads On request.
Method. Checked: the 57 pages crawled on Ctrl Alt's website on 6 October 2026, including its press releases, the VARA public register entry and Issuance Rulebook, and the XRP Ledger documentation on reserves, read on 11 October 2026. Excluded: the price of the underlying asset, tax, the client's own advisers and any figure Ctrl Alt has not published. Review plan: each quarter, and sooner if Ctrl Alt publishes a fee, a minimum or a timetable. The date changes only when the content does.
Ctrl Alt Ltd (company no. 16547640, England and Wales) is authorised and regulated by the Financial Conduct Authority (FRN 1045023). 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 only. The Irish and Guernsey entities and all four register links are on the licences page.
Ctrl Alt does not provide investment advice or recommendations. This page is for information only and is not investment advice. Nothing on it is an offer, a quotation or an estimate.
Longer explanations are collected under guides for institutions. The group and its record are introduced on the Ctrl Alt home page, and the entities are described on the page about the four Ctrl Alt entities.
Ask for a quotation you can read line by line
Name the asset, the wrapper, the jurisdictions and the investors, and ask for the nine components to be priced separately. Services are for professional or institutional investors only.