Real-asset programmes,
structured for the institutional buyer.

We build tokenization infrastructure for institutional mandates, not retail products. In practice that covers three areas: physical commodity reserves (mining assets, precious metals, energy) held under LBMA-accredited or equivalent custodians; fund equity and SPV structures issued under Reg D 506(c) or Reg S; and sovereign or quasi-sovereign reserve vehicles running under multi-regulator offshore fund structures. If the programme requires a compliance-first, permissioned architecture from day one, it fits what we build.

Four primary paths: Reg S (Delaware LLC, offshore offerings), Reg D 506(c) (security tokens for accredited investors), ADGM FSRA (direct licensing or intermediary partnership in Abu Dhabi Global Market), and multi-regulator offshore fund structures for programmes spanning FCA, MAS, SEC, and equivalent jurisdictions. The right path depends on the asset, the investor base, and where distributions will occur. We work through that in Phase 1, before any engineering starts.

Our default integration is Copper. They hold ADGM FSRA licensing, are Goldman-backed, and their ClearLoop network handles off-exchange settlement without putting assets at counterparty risk during transfer. For US-focused programmes, BitGo Trust is the alternative, now operating under an OCC federal bank charter with $250M in insurance coverage. Commodity-backed programmes also require a separate LBMA-accredited physical vault custodian alongside the digital custody layer. Custody fees go directly to the custodian at cost. AssetCut does not hold client assets.

ERC-3643 (the T-REX protocol) is the institutional token standard for permissioned securities on Ethereum. Every transfer verifies that both parties hold a valid on-chain identity, and every transfer checks against the programme's encoded compliance rules: jurisdiction, accreditation status, lock-up period, transfer limits. That enforcement runs in the contract, not in a manual process. The standard has been used to tokenize over $32 billion across 180-plus jurisdictions. In 2025, DTCC integrated it into their ComposerX platform and the SEC Chairman cited it by name in a speech on compliant token infrastructure. ISO standardization is in progress. AssetCut deploys on Ethereum Mainnet, with Polygon PoS as an available secondary.

For commodity-backed programmes, we integrate Chainlink oracle feeds to publish reserve attestations on-chain. Physical vault holdings are reconciled monthly against custodian records, and the verified data is written to the smart contract so token holders and regulators can check it directly. Every quarter, a full attestation packet goes to the programme's Investment Committee: NAV calculations, reserve reconciliation, supply-chain production figures. It is the same level of reporting discipline that institutional investors expect from traditional fund structures, running live on-chain.

Every build gets a pre-launch CertiK smart contract audit and a CREST or OSCP-certified penetration test. Both are direct engagements between the client and the auditing firms, not subcontracted through us. During the build, static analysis and formal verification run continuously on transfer-critical code paths. Post-launch, the full audit record and test coverage reports are packaged for Big-4 annual review. Industry data shows programmes using multiple independent auditors find 40% more critical vulnerabilities. We require it on every engagement.

They do not lose the securities. ERC-3643 includes a forced-transfer mechanism specifically for this. If a verified investor loses wallet access, the programme issuer can freeze the original wallet and transfer the tokens to a new verified address. The investor re-confirms their identity through the on-chain compliance registry, the transfer is approved through the programme's governance process, and it executes. Token supply stays constant. Traditional paper-based securities have no equivalent recovery mechanism.