Talk to an expert
MIFID II INVESTMENT FIRM / CONTROL AGENT / TRANSFER AGENT

Access new markets through tokenisation.

One regulated firm. Our own technology. Your securities issued on-chain, ready for new marketplaces.

Getting there starts with the record.

ASSET MANAGER
Your fund
Class T
SHARE CLASS
TO TOKENISE
Investre OWN STACK
01 / ISSUANCEQUEUED
Digital issuance
Your share class issued on-chain
CONTROL AGENTTRANSFER AGENT
MIFID II · CONTROL AGENT · TRANSFER AGENT
DESTINATION
New
marketplaces
DLT trading venues
WAITING
STARTINGTHE ROUTE · ILLUSTRATIVE
↻ REPLAY
CONTROL AGENT/TRANSFER AGENT/ORDER ROUTING/AML / KYC/SETTLEMENT/NEW MARKETPLACES/DISTRIBUTION/
WHY IT IS HARD TODAY

Six firms. Six copies of one register.

Transfer agents, distributors, custodians and platforms each do a job the fund needs. Each also keeps its own register, and reconciles it against everyone else’s, every day.

A new marketplace cannot settle against six records. It needs one.

On a shared ledger, everyone keeps their role and works from one record, recognised under Luxembourg law.

Holding that record takes the right status. We hold three.

0x7A41…4E21,250.000 unitsMINTED
0x9C08…B17480.500 unitsTRANSFERRED
0x2FD5…09A96.000 unitsREDEEMED
SETTLEDPAID

THE RECORD · ILLUSTRATIVE REGISTER VIEW

03
OUR AUTHORISATIONS

Three CSSF authorisations. One regulated firm.

Together they let us put dematerialised shares on-chain as control agent, and registered shares as transfer agent. No other firm does both. What used to sit with several providers now sits with one.

Shares are issued natively on-chain. The ledger is the legal record.

One firm, one record, one route.

AUTHORISATION 01
MiFID II investment firm
Orders received, transmitted and executed; assets safekept, administered and settled against confirmed payment.
AUTHORISATION 02
Control Agent
Shares issued directly on-chain under Blockchain Law IV. First in Luxembourg.
AUTHORISATION 03
Digital TA
Your tokenised class’s register, kept on blockchain, with orders and payments coordinated.
THE TECHNOLOGY

The whole stack,
built in-house.

Every token we issue runs on smart contracts we write or choose. Subscriptions, redemptions and transfer checks run on their own. Our APIs plug the platform into your transfer agent, distributors and trading venues.

01

Smart contracts, in-house. Issuance, transfer rules, corporate actions and redemptions. Written or chosen, tested and maintained by our engineers.

02

Eligibility, enforced on-chain. Every transfer is checked against the whitelist. A wallet without valid AML/KYC clearance is refused before anything settles.

03

Connected by API. Register, identity, wallets and settlement on one platform. APIs into transfer agents, distributors and 21X.

ERC-3643ERC-1400PUBLIC & PERMISSIONED EVMREST API
ANATOMY OF A FUND TOKEN ANATOMY OF A FUND TOKEN · BUILT AND OPERATED BY INVESTRE
Fund A · Share class T ERC-3643
Issuer
Fund A SICAV
Register
Control agent
NAV
Daily
canTransfer(0x9C08…B17 → 0x2FD5…09A, 250.000)
→ investor verified · eligible · within limits ✓ settles
POST /subscriptions · NAV 102.41 → minted 250.000 · T+0
Smart contract Issuance, transfer rules, corporate actions, per share class BUILT IN-HOUSE
Compliance rules Eligibility, whitelisting and limits enforced on every transfer IN THE CONTRACT
Register The on-chain register of securities, kept by us as control agent REGULATED
Identity & AML / KYC Verified investors mapped to the wallets allowed to hold ON-CHAIN
Wallets & keys Keys in institutional-grade custody, segregated per client SAFEKEEPING
Settlement & connectivity Fiat, stablecoin or tokenised MMF; APIs to TAs, distributors and 21X T+0
ILLUSTRATIVE TOKEN · NETWORK CHOSEN PER MANDATE
THE SERVICES

Take the whole chain, or a single link.

Dematerialised or registered shares, under Luxembourg law. One set of licences, one codebase. Take as much of the route as you need.

PROOF

Live today. With names you know.

Built by fund operators

Founded in 2020 by Georges Bock, former Managing Partner at KPMG Luxembourg. Fund administration, banking and ledger engineering in one team.

Seamless connectivity to legacy

The fund keeps how it runs today. We connect to it, move investor journeys onto new rails, and open up what those rails make possible.

Operational since 2024

Issuance, registry, safekeeping and settlement are live. Asset managers, banks, distributors and fund admins are onboarding now.

WORKING WITH
FRANKLIN TEMPLETONSCHRODERSNORDEADNCA INVESTMENTSALKEN FUNDCANDRIAM21XFRANKLIN TEMPLETONSCHRODERSNORDEADNCA INVESTMENTSALKEN FUNDCANDRIAM21X
167FUNDS LIVE
4,000+TOKENISATIONS
FAQ

The first meeting, answered in advance.

What asset managers, banks and distributors ask first.

All questions →
What is a control agent?+

The role Luxembourg created under Blockchain Law IV for dematerialised shares issued on a distributed ledger. Appointed by the fund, the Control Agent keeps the issuance account, controls the holding chain and checks that shares issued match shares held. It does not replace the registrar agent, a role we can take as Digital TA. Investre was the first Control Agent in Luxembourg.

Can Investre act as transfer agent?+

Yes, for registered shares. Investre holds a transfer agent licence alongside its control agent authorisation, so it can keep the register of a fund with registered shares and issue the tokens that represent them on-chain.

When do I need a control agent, and when a transfer agent?+

For registered shares, Investre acts as Digital TA for the tokenised class. For dematerialised shares, it acts as Control Agent, alongside your transfer agent or together with our Digital TA role. Other classes stay with your current transfer agent.

Can an existing fund use Investre without restructuring?+

Yes. You can start with a single digital share class, in registered or dematerialised form, without touching the rest of the fund. Only that class is involved: Investre acts as control agent alongside your existing transfer agent, or takes on the transfer agent role too. The other share classes stay with their current transfer agent.

Which security types are supported?+

Fund shares across UCITS, ETFs, money market funds and alternative funds, and notes issued by securitisation vehicles. Same infrastructure, different use case per structure.

Is Investre a crypto company?+

No. Investre S.A. is a Luxembourg investment firm authorised by the CSSF under MiFID II, a licensed control agent under blockchain law IV and a licensed transfer agent. It builds and runs its own blockchain infrastructure for capital markets, not a speculative asset class.

Does Investre use a third-party tokenisation platform?+

No. The smart contracts, the register, the compliance rules, the wallets and the settlement layer are built and operated by Investre’s own engineering team. The firm that holds the licences is the firm that runs the code.

Are only stablecoins acceptable as payment?+

No. Settlement can stay off-chain in fiat, so nothing changes for the investor, or it can run on-chain against stablecoins or tokenised money market funds where both sides want same-day finality.

Where do I sell my investment?+

Through the traditional markets and distributors you already sell through. For DLT trading venues, Investre has partnered with 21X, operator of an exchange licensed under the EU DLT Pilot Regime, to bring tokenised funds to a regulated secondary market. Issuance and safekeeping are live now, and we will tell you plainly which secondary routes are open for your fund.

Can an existing fund add a digital share class without converting the fund?+

Yes. A digitally native share class can be launched within an existing fund. The investment strategy, portfolio management, depositary and product framework stay unchanged. What changes is the infrastructure through which that share class is issued, held, distributed and, where appropriate, traded on a regulated secondary market.

Do I need to launch an ETF to make my fund tradable?+

Not necessarily. A conventional ETF needs its own operating model: authorised participants, creation and redemption, basket information and additional settlement processes. A digital share class reuses the existing UCITS and adds an issuance and trading layer, which makes exchange tradability viable for strategies that do not have the scale to justify a full ETF.

Can retail investors access tokenised funds, or only institutions?+

The infrastructure is built for both professional and retail investors. Every investor and wallet still has to meet the applicable AML / KYC, MiFID, product governance and fund distribution requirements, and access to a given fund depends on where it is registered and its target market. Those rules are coded into the token itself.

STAY UP TO DATE WITH TOKENISATION

Two ways to keep up. Neither is noise.

A weekly briefing in your inbox. A podcast with the people writing the rules and running the funds.

WEEKLY NEWSLETTER

The Source

The week’s tokenisation news that moved something, and what it means for fund operators. No link dumps.

Subscribe→
PODCAST / EVERY OTHER WEEK

The Final Block

Georges Bock with the regulators, lawyers and asset managers building tokenised funds. Candid on what works, and what doesn’t.

Listen to episodes→

Tell us what you have. We will tell you how to work it.

A fund, a share class or another security. Forty minutes: how it gets on-chain, where it sells, how it settles.

Talk to an expert