Investor onboarding
The investor is onboarded twice, in two systems that end up disagreeing.
Onboarded once. Every party reads the same verified fact.
For financial institutions
Your assets. Connected by LetzToken.
One shared record for every party around a fund, and the rails that move value on top of it.
You keep your licence, your mandate and your client. Nobody keeps a separate copy.
- Built in Luxembourg
- Signed, timestamped, tamper-evident
- No mandate. No competing service.
The problem
Eight parties. Eight copies.
One fund subscription touches eight firms. Each keeps its own copy, and reconciles it against the others every night.
Any firm can build an excellent system. It still only produces an excellent private copy of the truth.
Subscription #0417Example Fund · Class A
Illustrative example05 · One shared record · every authorised party writes to and reads from it
Subscription #0417Example Fund · Class A
Illustrative exampleToday
8 copies of one subscription
| Party | Units | Status | Settles | Handoff |
|---|---|---|---|---|
| Investor | 1,250.000 | Order sent (copies disagree) | 02 Oct | |
| Distributor | ≈ 1,248.2 (copies disagree) | Accepted | 02 Oct | |
| Transfer agent | 1,250.000 | Accepted | 02 Oct | ↳ file sent 18:00 |
| AIFM / ManCo | 1,250.000 | Accepted | 02 Oct | ↳ overnight batch |
| Fund administrator | 1,250.000 | Accepted | 02 Oct | |
| Paying agent | 1,250.000 | Accepted | 03 Oct (copies disagree) | ↳ re-keyed |
| Depositary | 1,250.000 | Pending (copies disagree) | 02 Oct | ↳ next business day |
| Auditor | 1,250.000 | Accepted | 02 Oct |
8 copies, 28 pairs to reconcile
8 × 7 ÷ 2 = 28
On a shared record
Illustrative exampleShared record
Subscription#0417
- Units
- 1,250.000
- Status
- Accepted
- Settles
- 02 Oct
- Signed by
- Transfer agent
Read by every authorised party
- Investor
- Distributor
- Transfer agent
- AIFM / ManCo
- Fund administrator
- Paying agent
- Depositary
- Auditor
The cost of agreeing sits across seven profit-and-loss accounts. So nobody has ever owned fixing it.
It’s an engineering problem. It has an engineering answer.
Our position
We replace the copies. Not the people.
One record that every authorised party writes to and reads from. Every entry has a known author, a known time and proof it hasn’t changed.
What we are
- The shared record you operate from
- The technology that runs a register on-chain
- The rails that move value on top
- Infrastructure beside everything you already run
What we are not
- Not a fund manager
- Not a licensed investment firm
- Not a transfer agent, fund administrator or depositary
- Not an advisory firm
- Not a licence shop
Every role keeps its function, its licence, its mandate and its client. That’s why we can sell to all of them.
What changes
Seven operations. One record.
Each is a register problem in a different costume. One backbone fixes them all.
Show all cards as
Changes the view of every card below. Each card also has its own control.
Closings, capital calls, distributions & transfers
Spreadsheets, email threads and approvals tracked from memory.
Every instruction starts from the position all parties already see.
Reporting
Assembled from sources that must be reconciled first.
One source with full lineage. Reporting is an output, not a project.
Oversight
Verified after the fact, against files from the party being checked.
Oversight reads the position as it is written. Duties stay intact.
Audit
Positions are rebuilt from several datasets, then sampled.
Testing the full population becomes a query. Judgement is untouched.
Scale
More investors means more headcount in functions that don’t invest.
Volume is handled by the record, not by headcount.
Smaller tickets
ELTIF 2.0 multiplies investor numbers. Manual processes stop at that volume.
Thousands of small subscriptions are one transaction, repeated.
Who it’s for
Keep your role. Lose the reconciliation.
If the truth has to be shared between firms that don’t share an owner, this is for you.
Keep the mandate. Keep the client. Add the record.
Integrated platforms win mandates by replacing you. You can buy from us: we hold no mandate and run no competing service line.
- White-label the shared record under your own service.
- Answer “real-time visibility” in RFPs without rebuilding your stack.
- Handle small-ticket volume without adding headcount.
The legal register. Run by you.
Luxembourg law already lets eligible, licensed firms act as control agent for on-chain registers. Almost none have the technology to operate one. That’s the gap we build for.
- Technology to run an on-chain register as control agent.
- The role, the licence and the client stay yours.
- Optionality before the market decides who holds the register.
Read the register. Stop reconciling files.
Today you verify after the fact, against files from the party you oversee. On a shared record, you read the position as it’s written.
- Direct read access: the lightest integration.
- Your Article 21 duties are unchanged.
- Every entry has a known author, a known time and provable integrity.
Keep every provider. Connect them once.
Keep your administrator, depositary and transfer agent. Connect them to one record and stop paying for their disagreements.
- Calls, distributions and transfers start from agreed data.
- Real-time visibility for your LPs.
- Eligibility enforced before anything moves.
From reconstruction to query.
Signed, timestamped entries with full lineage: test the whole population instead of a sample. Judgement and professional standards are untouched.
- Full-population testing as a query.
- Tamper evidence you can demonstrate, not just assume.
- One lineage across every party in the chain.
€500 or €50 million. One register.
ELTIF 2.0 brings thousands of new investors into private markets. A pension fund and a private individual sit on one register, with different eligibility parameters.
- Thousands of small subscriptions, no separate operations team.
- Onboard an investor once; the verified identity travels.
- A path to investor-to-investor transfers.
Already running
Real assets. Already connected.
We also serve the people who create the assets. Two ventures run on the record today.
Luxembourg real-estate financing
Reboost
Access for individual investors to Luxembourg real-estate financing typically reserved for banks and closed circles.
- Developer financing
- Milestone updates
- Luxembourg projects
Own real estate in Luxembourg
BlocHome
Ownership in fully rented Luxembourg residential property through a monthly plan, with every share recorded on a secure ledger.
- Monthly plan
- Fully rented residences
- Shares on a ledger
Your workflow. Connected by LetzToken.
Bring the operation that costs you most. We’ll show you how it runs on one shared record.