MTCM and Tokeny Launch Hybrid Issuance Framework for Securities
MTCM and Tokeny Collaboration: A New Frontier in Securities Issuance
MTCM Securitization Architects, based in Luxembourg, has announced a strategic partnership with Tokeny, a leading provider of on-chain financial solutions, to launch an innovative dual-format issuance framework. This initiative aims to integrate traditional and digital securities into a unified workflow, offering investors greater choice and flexibility.
The essence of this collaboration lies in the launch of Luxembourg's first hybrid issuance framework. In this innovative approach, a financial instrument with an ISIN (International Securities Identification Number) and a security token are simultaneously minted from the same legal compartment. This ensures that both formats are fully fungible and compliant, allowing for seamless transition between traditional and digital investment modalities.
Pedro Herranz, Managing Partner at MTCM, shared his enthusiasm about the partnership, stating, "Working with Tokeny enables us to industrialize a dual issuance model that was previously unattainable. We can now structure a fungible dual issuance; one component is a listed note with a corresponding ISIN, settled through an international CSD, while the other part consists of tokenized notes on-chain under the ERC-3643 protocol. This provides our clients and investors the flexibility to access the note either on-chain or via traditional settlement without compromising compliance, operational efficiency, or investor protection."
Tokeny’s CEO, Luc Falempin, added, "The dual issuance model is a practical way to help traditional investors become accustomed to on-chain formats. Once they experience the benefits of these assets—such as faster settlement times, easier access, and advanced features—their preference will naturally shift towards this modernized approach that simplifies how they access, manage, and transfer securities. This shift will undoubtedly accelerate demand from purchasing parties, driving further adoption."
At the heart of this integration is Tokeny’s T-REX tokenization platform, seamlessly integrated into MTCM's comprehensive solutions. While MTCM acts as the arranger, administrator, and calculation agent, Tokeny provides user-friendly interfaces for all stakeholders involved in the issuance process.
The integration is already underway and supports the entire lifecycle of a digital issuance—from onboarding and KYC (Know Your Customer) processes to subscription and secondary solutions—all within MTCM's white-label investor portal. Tokeny’s technology streamlines complex workflows by incorporating digital identity, AML/KYC verification, wallet integration, and capitalization table management into a singular interface, thereby reducing onboarding friction and enhancing transparency for all participants.
This new model significantly enhances access, speed, and cost-efficiency in structured financing. Institutional and professional investors can now self-custody digital securities, bypassing the high distribution and custody costs often associated with structured notes. For organizers, this hybrid issuance opens up new avenues for distribution, merging access to traditional investors with segments that are blockchain-native or are new to this space.
MTCM continues to expand its global footprint, having recently reported over €2.5 billion in assets under service and a staggering 400% increase in AUS over the past two years. The firm is at the forefront of innovation in hybrid financial structuring, blending the strengths of capital markets infrastructure with on-chain efficiencies.
By bridging traditional finance with the advantages of digital technology, MTCM and Tokeny are redefining how structured investment solutions are issued, distributed, and managed—setting the stage for a multi-track financial future.
About MTCM
Founded in 2010, MTCM is a global leader in securitization, with offices across Switzerland, Luxembourg, Spain, Panama, and Dubai. The firm specializes in structuring and providing comprehensive and customized securitization solutions under the Luxembourg Securitization Law. By transforming virtually any asset into a financial instrument and streamlining the connection between investors and the underlying exposures, MTCM enables clients to access efficient, compliant, and scalable financing structures. The company combines legal precision with operational agility and deep structuring expertise to issue and manage complex financial instruments through both traditional and digital channels.
As a pioneer in hybrid issuances, MTCM is continually focused on delivering the most efficient and agile solutions, merging the benefits of traditional capital market infrastructure with digital technology advantages. The firm aims to provide clients with seamless access to both conventional and tokenized financial instruments.
About Tokeny
Tokeny is a leading on-chain financial platform and part of Apex Group, a global financial services provider with over 13,000 personnel across 112 offices in 52 countries. With seven years of demonstrated experience, Tokeny equips financial institutions with the technical tools to represent assets securely and compliantly on the blockchain, without facing complex technical hurdles. Institutions can fully issue, manage, and distribute securities on-chain, benefiting from faster transfers, lower costs, and enhanced accessibility. Investors gain instant settlement, peer-to-peer transferability, and access to a growing ecosystem of tokenized assets and DeFi services, thus modernizing how assets move and reach the market more swiftly without requiring blockchain expertise.