#Luxembourg #MTCM #Tokeny #Hybrid Securities

MTCM and Tokeny Join Forces for a New Age of Securities

On June 23, 2025, MTCM, a prominent securitization platform based in Luxembourg, announced a strategic partnership with Tokeny, a leading on-chain operating system. This collaboration aims to introduce an innovative dual-issuance framework that seamlessly integrates traditional and digital securities into a unified workflow. By bridging these two worlds, MTCM and Tokeny are poised to revolutionize the landscape of structured finance, offering new opportunities for issuers and investors alike.

The Significance of Dual-Issuance Framework

The partnership marks a significant milestone in Luxembourg's financial sector, as it launches the first hybrid issuance format. This framework enables the simultaneous issuance of conventional securities, such as ISIN-listed bonds, alongside approved security tokens, ensuring complete fungibility and compliance for both formats. MTCM's Managing Partner, Pedro Herranz, stated that this partnership allows them to industrialize a dual-issuance model that was previously unattainable. The model produces a fungible twin issuance, one processed through a major international central securities depository, while the other exists as an ERC-3643-compliant tokenized note on the blockchain.

“Investors and arrangers can now choose between traditional settlement and an on-chain approach without compromising on compliance, operational efficiency, or investor protection,” Herranz explained.

Enhancing Investor Familiarity with Digital Assets

Luc Falempin, CEO of Tokeny, emphasized how this dual issuance model serves as a practical method to familiarize traditional investors with on-chain formats. As they experience faster settlements and enhanced accessibility, these investors are likely to prefer modernized methods of accessing, managing, and transferring securities. This could significantly facilitate demand from the buyer side and accelerate market adoption of digital securities.

Seamless Integration and Enhanced User Experience

The integration of Tokeny’s tokenization platform, T-REX, into MTCM’s comprehensive end-to-end solutions provides an enriched user experience for all participants. As MTCM takes on the roles of structurer, administrator, and calculation agent, Tokeny ensures all stakeholders benefit from user-friendly interfaces. The integration is live and supports the entire lifecycle of a digital issuance—from onboarding and KYC to subscription and secondary solutions—within MTCM's white-label investor portal.

Tokeny's advanced technology simplifies complex workflows by embedding digital identity, AML/KYC verification, wallet integration, and cap-table management into a single interface. This significantly reduces onboarding friction and enhances transparency for all parties involved in the issuance process.

In a notable advancement, this model vastly improves access, speed, and cost efficiency in structured financing. Institutional and professional investors can now self-custody their digital securities, bypassing the high distribution and custody costs typically associated with structured bonds. For arrangers, this hybrid issuance opens wider distribution universes, allowing them to combine the reach of traditional investors with new, blockchain-native segments.

MTCM's Growing Influence in Global Markets

With managed assets exceeding €2.5 billion and a remarkable 400% growth in AUM over two years, MTCM continues to expand its global footprint while leading innovations in hybrid financial structuring. By merging the advantages of capital market infrastructure with the efficiency of on-chain technology, MTCM and Tokeny are redefining how structured assets are issued, distributed, and managed in an evolving financial landscape.

About MTCM

Established in 2010, MTCM is a leading global securitization group with offices in Switzerland, Luxembourg, Spain, Panama, and Dubai. The firm specializes in structuring and providing customized end-to-end securitization solutions in accordance with Luxembourg law, making virtually any asset bankable and simplifying the relationship between investors and underlying engagements. MTCM combines legal precision, operational agility, and substantial structuring expertise to issue and manage complex financial instruments across both traditional and digital tracks.

As a pioneer of hybrid issuances, MTCM continually strives to offer the most efficient and flexible solutions by merging the strengths of traditional capital market infrastructure with the advantages of digital technologies, thus providing clients seamless access to conventional and tokenized financial instruments.

About Tokeny

Tokeny is a leading on-chain financial platform and part of the Apex Group, a global financial services provider with over 13,000 employees across 112 locations in 52 countries. With seven years of proven experience, Tokeny provides financial institutions with the technical tools necessary to securely and compliantly tokenize assets on the blockchain, avoiding complex technical barriers. Institutions can fully issue, manage, and distribute securities on-chain, benefitting from faster transfers, lower costs, and broader accessibility. Investors gain instant settlement, peer-to-peer transferability, and access to an expanding ecosystem of tokenized assets and DeFi services. By creating new distribution channels and reducing operational friction, Tokeny enables institutions to modernize how assets are moved and brought to market without requiring in-depth blockchain expertise.