Ctrl Alt has introduced the first tokenised structured product on Solana, arranging, structuring and executing the tokenisation of the product backed by yield-bearing assets.
The assets will be sourced from a regulated UK financial services firm.
Carey Olsen, a leading law firm and offshore specialist, supported the legal structuring. The structure was set up and tokenised through Ctrl Alt using a specialised vehicle domiciled in Guernsey, selected for its regulatory environment.
The firm says that this approach demonstrates the next stage in the evolution of tokenization, using innovative structures to bridge on-chain capital with traditional finance opportunities.
Combining on-chain capital with established legal frameworks allows financial firms to raise, deploy and manage funds efficiently while maintaining familiar governance and regulatory standards.
Matt Ong, founder and CEO at Ctrl Alt, said: “Tokenisation is increasingly becoming part of the conversation for financial institutions seeking new ways to access capital.
“By combining innovative structured finance with on-chain funding, we’re able to create solutions that integrate with existing frameworks while providing greater efficiency and flexibility. We’re proud to deliver the first structured product on Solana.”
Ben Brophy, head of institutional growth, Europe at the Solana Foundation, added: “Bringing together traditional experience and technical understanding to design and deliver access to Real World Assets (RWA) is key to greater institutional utilisation of Solana.
“Internet capital markets on Solana bring together allocators, issuers and market infrastructure, enabling more efficient access to products and services. Ctrl Alt has demonstrated that they are leading the market in bringing alternative financial instruments on-chain, and driving material capital allocations into these assets.”
Matt Brehaut, partner at Carey Olsen, said: “Guernsey’s sophisticated regulatory framework, flexibility and financial expertise make it the natural choice for establishing innovative structures of this kind, and Solana and Ctrl Alt’s decision to domicile their first tokenised structured product in Guernsey further reinforces the island’s position as a leading centre for cutting-edge on-chain finance.”
Ctrl Alt received direct authorisation from the UK Financial Conduct Authority (FCA) at the start of this month, enabling it to provide regulated investment services.
The firm was also recognised as start-up of the year at the Pioneer Awards on Friday 24 April.
