As of July 21, Investre is officially authorised to issue, distribute, hold, and manage native tokenised funds directly on the blockchain – without relying on traditional intermediaries such as transfer agents or central securities depositories.
“This approval unlocks the full potential of fund tokenisation not as a buzzword, but as the backbone of a more efficient, transparent, and investor-friendly financial system,” emphasised Georges Bock, CEO of Investre.
Fund tokenisation has the potential to significantly reduce operational costs while enhancing security through Distributed Ledger Technology (DLT) and enabling faster transaction processing. It also paves the way for broader retail investor access to alternative funds and European Long-Term Investment Funds (ELTIFs).
With this first license under the new legislation, Luxembourg, Europe’s leading investment fund hub with over €7 trillion in assets under management, once again demonstrates its forward-looking approach to financial innovation. The country is setting the stage for secure fund tokenisation in Europe, offering new opportunities for asset managers and investors alike. Leading asset managers such as Franklin Templeton and BNP Paribas have launched tokenised money market funds and natively tokenised fund shares leveraging Luxembourg’s legal framework and ecosystem. Last month, the Luxembourg Treasury pioneered with the largest issuance of digital treasury certificates to date.