Eligibility and permissions
Define the evidence needed for participation and transfer, who may approve it and when it must be refreshed. Keep unresolved eligibility questions visible to the responsible reviewer.
Initiatives · Platforms & Tokenized Markets
Platforms & Tokenized Markets
Research into connected investor administration, asset records and reporting, including where tokenisation can improve private-market workflows.
Current statusResearch initiative
Reduce reconciliation effort and approval delays while preserving the meaning, ownership and authority of each record.
What it isResearch into reliable records and workflows for private markets.
Platforms & Tokenized Markets researches infrastructure for investor eligibility, ownership records, approvals and reporting across private-market participants. Tokenisation is considered against a defined administrative problem and the underlying rights it would represent.
The problemConflicting records and delayed approvals create avoidable coordination work.
Managers, administrators and investors may hold conflicting versions of an asset or investor record. Manual reconciliation, incomplete eligibility evidence and delayed approvals can obstruct transfers and reporting even when each individual system appears correct.
How it worksTrace verification, approvals and reporting before assessing tokenisation.
Follow one asset vehicle from verification through approvals, register changes and reporting. Identify the authoritative record, each participant’s responsibilities and how discrepancies are resolved. Compare connected workflows with the existing process before assessing whether a tokenised representation adds practical value.
- Verification
- Approval
- Register
- Reconciliation
- Reporting
Who it benefitsPrivate-market managers, asset sponsors, administrators and investors.
Private-market managers, asset sponsors, administrators and investors seeking consistent records, clearer approval responsibilities and less manual coordination.
Research focusExplore eligibility, ownership records, tokenisation and governed workflows.
Authoritative records
Map ownership and entitlement records to the agreed source of truth. Track reconciliation exceptions, effective dates and corrections rather than allowing a digital copy to silently override the register.
Tokenisation design
Assess the connection between a token and the rights it represents, transfer restrictions, custody, servicing and recovery. Tokenisation alone does not establish enforceable rights, market access or liquidity.
Governed workflow automation
Research permissioned document analysis, investor servicing, exception triage and reporting preparation. Link extracted information to its source and route discrepancies to an authorised reviewer before records change.
Institutional platform interoperability
Examine how administrators, identity systems, custodians and reporting platforms exchange authorised records. Test entitlement changes, source conflicts and reconciliation across participating systems before extending an automated workflow.
EvaluationCompare processing effort, reconciliation exceptions and correction rates.
Compare processing time, manual touches, reconciliation exceptions and correction rates with the existing workflow. Test delayed updates, duplicate requests, conflicting records and failed transfers. Assess ongoing custody and servicing effort alongside any claimed efficiency benefit.
EngagementDefine an asset class and a specific workflow problem.
The initiative is at the research stage. Start with the asset class, participating systems and a specific record or workflow problem. Any future regulated activity requires appropriate authorisations and jurisdiction-specific review.