Real assets

SPV and property level accounting

• Supporting a wide range of properties, including commercial, residential, academic institutions, and warehouses

• Providing comprehensive property financial management

• Automating rent invoice generation and ageing

• Providing advanced budget and forecasting

• Managing fixed asset and construction

• Procuring to pay functionality

• Generating financial and non-financial key performance indicator (“KPI”) reports

• Providing dynamic dashboard with full drill-down functionality

• Providing property managers with real-time system access to upload property-level data and enabling fund managers to view KPIs and management dashboards

• Ensuring a seamless flow of financial data from Special Purpose Vehicles (“SPV”) or properties to the fund accounting platform without manual data input

Real assets fund administration

• Providing client onboarding and transfer agency services, including regulatory reporting for the Foreign Account Tax Compliance Act and Common Reporting Standard

• Calculating capital calls and distributions with automated notice generation for investors

• Using fund-level accounting platform to consolidate financial data from each SPV or property and generate consolidated fund income statements and balance sheets

• The income statement of the consolidated financial statements and Investors capital statements disclose both the operating income and expenses at the property level and fund level  

• Applying International Financial Reporting Standards, Luxembourg Generally Accepted Accounting Principles (“GAAP”), and US GAAP methods for statutory financial statements  

• Calculating and administrating waterfall and carry plans  

• Providing performance reporting (Internal Rate of Return, PICC, Total Value to Paid-in, and Distributed to Paid-in KPIs) 

• Financial data flows from the fund-level accounting platforms to Investment Café for reporting to Limited Partners  

Real estate fund tokenisation

Real estate investments are often constrained by illiquidity, complex structures, and operational inefficiencies.

Through real estate fund tokenisation, asset managers can streamline how investment strategies are structured, distributed, and administered, enabling more efficient fundraising, enhanced transparency, and improved investor access.

We support the tokenisation and administration of investment vehicles that provide exposure to real estate, combining digital asset infrastructure with institutional-grade fund servicing.

Unlike pure technology providers, we deliver an integrated solution across incorporation, issuance, and ongoing administration of tokenised fund structures.

We deliver end-to-end support across the lifecycle of tokenised real estate investment vehicles:

• Digital enablement of real estate funds and special purpose vehicles (“SPVs”) through tokenisation infrastructure

• Structuring and setup across jurisdictions to support compliant issuance frameworks

• Digitised investor onboarding with integrated know- your- customer (“KYC”) and compliance workflows

• Issuance and distribution of tokenised fund interests

• Real-time cap table management and investor servicing

• Full fund administration, including accounting, reporting, and corporate actions

• Support for secondary transfers and liquidity mechanisms (where applicable)

• Seamless integration with our global transfer agency, fund administration, and compliance platforms

How it works

1. Structure and design

   • Establish the legal and operational framework for tokenised funds or SPVs

   • Align regulatory, distribution, and investor requirements

2. Tokenise and issue

   • Digitise fund or SPV interests as compliant tokenised securities

   • Onboard investors through integrated digital KYC and compliance processes

   • Issue and allocate tokenised interests

3. Administer and service

   • Maintain investor records and cap tables in real time

   • Deliver ongoing fund administration, reporting, and corporate actions

   • Ensure operational and regulatory compliance

4. Enable transfers and liquidity

   • Support peer-to-peer transfers and secondary activity, where permitted

   • Facilitate improved liquidity compared to traditional structures

Key benefits

For fund managers and/ issuers

• More efficient fundraising and broader investor reach

• Institutional-grade administration for tokenised fund structures

• Reduced operational complexity through automation

• Embedded compliance and governance frameworks

• Faster issuance, settlement, and reporting

• Real-time visibility over investors and positions

For investors

• Access to real estate investment strategies through tokenised vehicles

• Lower minimums through fractionalised interests

• Faster settlement and improved transferability

• Increased transparency through digital infrastructure

• Participation in a growing digital asset ecosystem