MTCM and Tokeny Join Forces to Innovate Dual-Format Security Issuance
MTCM and Tokeny Revolutionize Security Issuance
In a groundbreaking development for the financial industry, MTCM, a Luxembourg-based securitization platform, has partnered with Tokeny, a leading on-chain operating system, to launch an innovative dual-format issuance framework. This initiative connects traditional and digital securities, allowing issuers to navigate seamlessly between these two worlds.
A New Era of Securities
The collaboration between MTCM and Tokeny signifies a significant milestone, introducing Luxembourg's first dual-format issuance framework. This framework allows for the simultaneous issuance of an ISIN-coded bond and an authorized security token from the same legal compartment. This dual model guarantees full fungibility and compliance for both formats, redefining how securities are structured and managed.
Pedro Herranz, managing partner at MTCM, emphasizes the importance of this partnership: "The collaboration with Tokeny enables us to industrialize a dual issuance model that was previously unattainable. We are now producing a fungible twin issuance, one in the form of an ISIN-registered bond settled through an international CSD, while the other is a permissioned token-based bond utilizing ERC-3643. This structure enables investors and arrangers to choose between blockchain solutions or traditional settlement, without compromising on compliance, operational efficiency, or investor protections."
Bridging the Gap
Luc Falempin, CEO of Tokeny, adds, "The dual issuance model is a practical approach to help traditional investors become acquainted with the on-chain format. Once they experience these faster, more accessible assets with features previously unimaginable, they will naturally prefer the modernized way to access, manage, and transfer securities. This will undoubtedly lead to increased buying demand and stimulate broader adoption."
Integrated as a white-label solution, Tokeny’s T-REX tokenization platform is embedded into MTCM’s comprehensive offerings. Acting as the structurer, administrator, and calculation agent, MTCM provides smooth interfaces for all stakeholders while Tokeny simplifies user experience.
This integration is now live, supporting the entire lifecycle of a digital issuance process, from onboarding and KYC to subscription and secondary solutions, all within MTCM's investor portal. Tokeny simplifies complex workflows by consolidating digital identity integration, AML/KYC verification, wallet integration, and capitalization table management into a single interface. This significantly reduces integration friction and enhances transparency for all involved.
Empowering Institutional Investors
The new model greatly enhances access, speed, and cost-effectiveness of structured financing. Institutional and professional investors can now securely hold digital securities, avoiding the high costs of distribution and custody typically associated with structured obligations. For arrangers, this hybrid issuance opens up a broader distribution universe, bridging the gap between traditional investors and emerging native blockchain investor segments.
With over €2.5 billion in assets under management and a staggering 400% growth in user numbers over the last two years, MTCM is strengthening its global presence and showcasing innovation in hybrid financial structuring.
By merging capital market infrastructure advantages with on-chain efficiencies, MTCM and Tokeny are redefining the issuance, distribution, and management of structured investments in a multi-rail financial future.
About MTCM
Founded in 2010, MTCM is a leading global securitization group with offices in Switzerland, Luxembourg, Spain, Panama, and Dubai. The company specializes in structuring and delivering tailor-made end-to-end securitization solutions under Luxembourg law. By making virtually all bankable assets available and streamlining relationships between investors and underlying risks, MTCM enables clients to access efficient, compliant, and scalable funding structures. The firm combines legal precision, operational agility, and deep structuring expertise to issue and manage complex financial instruments across both traditional and digital rails.
As pioneers of hybrid issuances, MTCM continuously seeks to deliver the most effective and agile solutions by blending the strengths of traditional capital market infrastructure with the benefits of digital technologies, providing clients with seamless access to both conventional and tokenized financial instruments.
About Tokeny
Tokeny is a leading on-chain finance platform and a part of Apex Group, a global financial services provider with over 13,000 employees across 112 offices in 52 countries. With seven years of proven experience, Tokeny equips financial institutions with the technical tools to represent assets on the blockchain securely and compliantly without facing complex technical barriers. Institutions can issue, manage, and distribute fully on-chain securities, benefitting from faster transfers, reduced costs, and greater accessibility. Investors enjoy instant settlement, peer-to-peer transferability, and access to a growing ecosystem of tokenized assets and DeFi services. By opening new distribution channels and reducing operational friction, Tokeny empowers institutions to modernize how assets move and are brought to market swiftly, without the need to be blockchain experts.