LiquiTrust - Trust-native compliant tokenisation and liquidity services
Liquidity, born from trust.
Key Pain Points Faced by Trusts
Exit Restrictions
Often forced to dispose of all assets when only "partial realisation" is needed; long cycles and high costs.
Opaque Valuations
Lack of real-time price discovery mechanisms for unlisted equities and real estate.
Governance Friction and Compliance Pressures
High costs associated with multi-beneficiary voting, disclosure and auditing.
Reports from institutions such as RBC, BNY, and Deloitte show an increasing demand from family offices for "faster liquidity and on-chain transparency".
Market Size and Timing
Global alternative assets (2023) reached $16.78 trillion and are expected to reach $29.22 trillion in 2029. The total AUM of the UBS report sample family office is 600 billion US dollars, of which 32% are illiquid assets, and SAM is about 192 billion US dollars. Assuming a serviceable penetration rate of 5%, SOM is about 9.6 billion US dollars.
The huge existing market, extremely low on-chain penetration rate and regulatory sandbox window make this the best time to enter with validation-driven.
Solution - Trust Native Tokenisation Operating System
Provides "legal-technical-service" integration for tokenisation and licensed transfer of illiquid assets held in traditional trusts.
Technical Standard
ERC-3643 (Permissioned/Whitelisting/Forced Transfer/Freezing/Role Management)
Core Value
Partial exit, T+1 target (seeking T+0 in sandbox), auditability, multi-beneficiary governance and automatic distribution
Differentiating Advantages
vs Masterworks
We offer cross-category, trust-native governance and distribution, rather than a single asset solution.
vs STO Platforms
They excel on the "issuance side", while LiquiTrust provides an end-to-end trust lifecycle OS (issuance - registry - dividend distribution - reporting - integration with ATS).
vs BUIDL
We focus on compliant fractionalisation and governance of non-standardised assets (commercial real estate, minority stakes).
Integrate with existing ATS/custodians rather than building our own exchange, accelerating validation and alleviating regulatory burden.
Regulatory Pathways – UK vs EU
UK
The Digital Securities Sandbox (DSS) supports end-to-end piloting of issuance, trading and settlement in a permissioned environment.
EU
Security tokens are governed by MiFID II; market infrastructure pilots follow DLT Pilot Regime (EU) 2022/858.
Compliance-first, permissioned chains, whitelisted transfers, full audit trails.
Target Market and Business Model
Initial Market
UK Trusts and Family Offices / Asset Holding SPVs as pilot market: Clear regulatory communication channels (DSS). Clear entry points with commercial real estate and minority stakes, with auditable valuation and dividend cycles.
18 Month Target
2 production-level pilots (1 each of commercial real estate and minority stakes), replicable across multiple asset lines, and integrated with a second ATS/custodian.
£75K-£150K
Setup Fee
Tiered by complexity
30-50bps
Annual AUM Fee
Benchmark 35bps
5-15bps
Secondary Transfer Fee
Whitelisted transfers within licensed venue
Product Roadmap and Milestones
Financial Outlook - 3-Year Forecast
1
Year 1
5 projects; cumulative AUM £60m; revenue approximately £1.08m; operating expenses approximately £2.3m
2
Year 2
10 new projects; cumulative AUM £220m; revenue approximately £2.43m; operating expenses approximately £3.1m; Q4 target to achieve break-even
3
Year 3
20 new projects; cumulative AUM £650m; revenue approximately £5.44m; operating expenses approximately £4.0m; operating profit approximately £1.4m
Conservative estimate, excluding DeFi derivatives income.
Funding Needs and Exit Strategies
Funding Needs
Seed Round £2.5m; Pre-money Valuation £10m; Dilution approx. 20% (post-money)
Standard Terms: 1× Non-Participating, Pro Rata, Information Rights, Limited Protective Provisions
Exit Strategies (3-5 years)
Primarily strategic M&A: Potential buyers include custodian banks, ATS/MTF operators, registration and transfer/asset servicing groups, etc.
Secondary routes: Sponsored secondary market in subsequent rounds; dividends/buybacks after operating cash flow matures
1
Compliance Stack
2
First Production-Grade Pilot
3
AUM and Connection Depth