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Ctrl Alt said on April 30 that it had launched a tokenised structured product on Solana, backed by yield-bearing assets sourced from an unnamed regulated UK financial services firm. The London-based company said it arranged, structured and executed the transaction, with legal structuring support from Carey Olsen and a specialised vehicle domiciled in Guernsey. The product supports digital issuance, transfer and settlement while retaining traditional management and oversight. Ctrl Alt is authorised and regulated by the UK Financial Conduct Authority under FRN 1045023, and its services are available only to professional investors or eligible counterparties. The release did not disclose the underlying asset pool, token contract address, vehicle name, custody arrangements, investor identities, product tenor, yield or distribution scope.
The legal structure spans two regulated jurisdictions and a public chain
The transaction combines a UK-regulated arranger, a Guernsey legal vehicle and public-chain settlement on Solana in a single RWA issuance. Carey Olsen, whose Guernsey LLP is registered as a limited liability partnership in Guernsey, provided legal structuring support. Guernsey's financial regulator has separately published a policy statement on fund tokenisation, stating that in the described fund-tokenisation structure the token would not be treated as a virtual asset for purposes of the Lending, Credit and Finance Law. Whether that policy statement applies to this specific product remains unconfirmed: Ctrl Alt's release describes a structured product and specialised vehicle but does not identify the legal instrument or confirm whether the vehicle is a fund. The cross-jurisdictional setup is notable because it routes a regulated financial product through an offshore vehicle and onto a public blockchain, rather than using a permissioned or consortium chain.
Ctrl Alt has prior involvement in tokenised real estate through Dubai Land Department
The company has an existing track record in RWA tokenisation. Dubai Land Department said Ctrl Alt Solutions participated in its real-estate tokenisation pilot alongside Prypco, VARA, the UAE Central Bank and Dubai Future Foundation in what DLD described as the MENA region's first tokenised real-estate project. VARA's public register lists Ctrl Alt Solutions DMCC as licensed for broker-dealer services and Category 1 virtual asset issuance. The Solana transaction is a different product type — a structured product backed by yield-bearing assets rather than a direct real-estate tokenisation — but it extends the company's positioning as an arranger operating across multiple regulated jurisdictions and blockchain networks. In practice, the disclosed change is that an FCA-regulated firm says it can now issue, transfer and settle a structured product digitally on Solana within a conventional legal wrapper, targeting professional investors and eligible counterparties rather than retail.
