Private Assets

Live

Bring your assets
to capital markets.

Structure your asset or strategy for eligible traditional and digital investors, from first review to issuance preparation.

For asset managers, funds and sponsors.

Your asset or strategyA documented instrumentTraditional and digital distribution

You bring the strategy. We shape the instrument.

Every manager’s goal is to raise capital. T-Blocks is your primary-market route, with dual-rail subscriptions: fiat through banks and brokers, stablecoins on-chain.

  • On-chain managers

    Raise for your strategy, on-chain and off.

    Package your strategy as a documented instrument held in a vault. Accept stablecoin subscriptions from digital allocators and fiat subscriptions from professional investors, through one primary-market route.

    Use case examples
    • Example 1

      A market-neutral crypto strategyA tokenized note held in a vault

      A manager running a basis-trade strategy across exchanges opens a vault. Allocators subscribe in stablecoins, and the note documents their rights to the strategy’s returns.

      Stablecoins

    • Example 2

      An off-chain private credit strategyOne note, two subscription rails

      A credit manager lending to small businesses raises from vault curators in stablecoins and from professional investors in EUR, through one ISIN-identified instrument.

      FiatStablecoins

    Examples of structures we work on. Each transaction is assessed individually.

Discuss your asset or strategy

On-chain managers

Raise for your strategy, on-chain and off.

Package your strategy as a documented instrument held in a vault. Accept stablecoin subscriptions from digital allocators and fiat subscriptions from professional investors, through one primary-market route.

Use case examples
  • Example 1

    A market-neutral crypto strategyA tokenized note held in a vault

    A manager running a basis-trade strategy across exchanges opens a vault. Allocators subscribe in stablecoins, and the note documents their rights to the strategy’s returns.

    Stablecoins

  • Example 2

    An off-chain private credit strategyOne note, two subscription rails

    A credit manager lending to small businesses raises from vault curators in stablecoins and from professional investors in EUR, through one ISIN-identified instrument.

    FiatStablecoins

Examples of structures we work on. Each transaction is assessed individually.

Private Assets

Explore instrument types

Each instrument is chosen to fit the asset or strategy, and assessed individually.

  • Asset-backed notes

    Terms built around identified assets, cash flows and the agreed security arrangements.

  • Fund-linked notes

    Exposure linked to an identified fund or managed strategy, under defined terms.

  • Revenue-linked notes

    Payments linked to an identified revenue stream and the agreed calculation method.

  • Profit-participation notes

    Participation in defined project or business profits, with the calculation set out in the terms.

  • Sustainability-linked notes

    Terms linked to measurable sustainability targets and an agreed verification process.

  • Sukuk

    Structures subject to specialist review of the underlying arrangement and applicable Shariah requirements.

One instrument. Two distribution rails.

Prepare the instrument for the channels your eligible investors use, with access and settlement defined for the transaction.

Traditional distribution

Fiat subscriptions and ISIN instruments, through participating banks and brokers, where supported.

  • Fiat subscriptions

    Paid through the bank channel, where supported.

  • ISIN identification and bank processing

    ISIN-identified, subject to the receiving bank’s acceptance.

  • Appointed distributors

    Appointed banks and brokers, where they accept it.

  • Eligible professional investors

    Eligibility is confirmed before material is shared.

One documented instrument

Digital distribution

Stablecoin subscriptions for eligible digital allocators, where the instrument and channel support it.

  • Stablecoin subscriptions

    Via supported stablecoins, networks and onboarding.

  • Vault curators and digital allocators

    Subject to each mandate and admission decision.

  • Lending and collateral usePlanned

    Subject to product and protocol approval.

  • On-chain redemption arrangementsSubject to terms

    Subject to the instrument terms and available liquidity.

Both routes follow the instrument's terms, investor eligibility and transfer restrictions.

Bank acceptance, protocol admission, subscriptions and secondary liquidity are not guaranteed.

From first review to distribution.

Four stages, each with a decision and a deliverable. T-Blocks Workspace, coming soon, moves the slow work up front, to get you on chain up to 10x faster.

01Review the project

We review your application, documents and proposed financing.

You receive
A first view of the opportunity and what to resolve before structuring.
With T-Blocks Workspace
Atlas Private shows your score and gaps first, so you can close them before the review. In testing.
02Structure

We agree the instrument, the scope and who does what.

You receive
A structuring proposal, scope of work and engagement terms.
With T-Blocks Workspace
Meridian sets out proposed investment terms before this conversation. Coming soon.
03Prepare

We coordinate diligence, counsel, documents and providers.

You receive
A transaction pack, ready for the required reviews and approvals.
With T-Blocks Workspace
Meridian starts you with an issuance pack up to 90% ready. Your advisers finalize it. Coming soon.
04Launch and service

Once cleared, we run onboarding and subscriptions on both rails and administer the instrument for its life.

You receive
The subscription process, investor records and lifecycle reporting.
Run by T-Blocks
With counsel and appointed providers, for the life of the instrument.

Get the deal ready. Then bring it to market.

T-Blocks Workspace is our AI securitization toolkit, coming soon. It gets your deal ready before you pay for live issuance. You can submit a project to the team today.

  • Score it

    See your deal the way an underwriter would, with Atlas Private. In testing.

  • Fix it

    Go straight to each gap, add what is missing and score it again.

  • Structure it

    Set the terms and build an issuance pack up to 90% ready, with Meridian. Coming soon.

Atlas emblemAtlas scoreT-BlocksT-Blocks
Conditional Fit
  • Underlying asset and incomeGaps found
  • SponsorPartly met
  • Structure and investor claimPartly met
  • Liquidity and repaymentGaps found
  • Transparency and reportingMet
  • Risk and conflictsPartly met
  • More information is needed: Remaining operating conditions
    More information is needed: Investment and repayment timing
  • Add the permissions and funding plan
  • Add the repayment dates to the plan
Example · Synthetic project
Indicative fit only. Not investment approval or a funding promise.

Know what sits behind your instrument.

Understand the issuing structure, the rights in the documents and the people responsible for each part of the process.

  • The documents name the Luxembourg vehicle, the compartment and its assets.

The instrumentDocumented terms and investor rightsTermsRightsTransfer restrictions
Issued byA Luxembourg issuing vehicle, through a dedicated compartmentCompartment assetsCompartment liabilities
Around itAppointed roles and ongoing arrangementsFund administrationStatutory auditBankingLegal counselDigital-asset ratingsOnboarding and reporting
The transaction documents set out the full structure.

Roles supporting the issuance

  • Baker Tilly LuxembourgFund administration
  • Forvis MazarsStatutory audit
  • Banking
  • Woud LawLegal counsel
  • ParticulaDigital-asset ratings

How each role works

Start with your asset.

Tell us about the opportunity and the financing you want to explore.

Before you begin

01Is my asset or strategy a suitable starting point?

Property, infrastructure, energy, receivables and managed strategies may be assessed. Suitability depends on ownership, cash flows, evidence, jurisdiction and the financing objective. The initial review determines whether it is worth developing a structure.

02What do I need to start?

Start with an outline of the asset or strategy, the financing objective, ownership details and the financial information you already have. The team can then identify the evidence needed for a fuller assessment.

03What will it cost, and when would I pay?

Costs depend on the structure, legal work and providers needed. Ask for the scope, fees, third-party costs and payment milestones before you commit to the engagement. Starting the form is not a promise of funding.

04How long does an issuance take?

The timetable depends on the asset, documentation, diligence and required approvals. The team will set out the expected stages for your transaction. No funding date is guaranteed.

05Who issues the instrument, and what does T-Blocks do?

The transaction documents identify the issuing vehicle and compartment. T-Blocks coordinates the structuring and service process with counsel and the relevant providers. Your rights are defined by the instrument's terms.

06Does tokenization guarantee investors or liquidity?

No. Investor demand, subscriptions, bank acceptance and access to digital channels depend on the instrument and applicable requirements. A token does not by itself create a liquid market or a right to immediate redemption.

07Do I need Workspace before I submit a project?

No. You can submit your project to the team now. Atlas Private is in testing and Meridian drafting is coming soon. Workspace is being built to help you organize the evidence, understand gaps and prepare for the next structuring step. See how Workspace works

Talk to the team

Talk to the team

What would you like to discuss?

Private markets LiveBring an asset or strategy to market
Public markets Coming soonLaunch updates, an integration or a product walkthrough