For ManCos & Asset Managers
Your fund as a token: neutrally planned, proven live.
We support management companies from strategy through the eWpG register to go-live. Vendor-neutral: we don’t sell a stack. We select yours.
¹ A potential arising from the elimination of transfer agent fees and retrocessions plus lower reconciliation effort. Not a commitment: the robust range is produced in the readiness assessment.
In brief
A management company can tokenize fund shares without taking on register keeping itself. Wallberg plans the architecture, models the business case and orchestrates implementation with licensed partners for register, custody and settlement.
The status quo
What slows you down today
Fragmented settlement
T+2 settlement, daily reconciliation, retrocessions along the distribution chain: every station costs margin and time.
Every provider sells itself
Platforms, registrars and tech houses reliably recommend their own product. A neutral party that models your case is missing.
Regulation without a translator
eWpG, KryptoFAV, MiCAR: without an in-house DLT team it remains unclear what applies to your organisation and what it costs.
The value
What you gain
Up to 70% lower distribution and settlement costs¹
Through the elimination of the transfer agent and retrocessions. The range depends on your distribution model and is modelled concretely in the readiness assessment.
T+0 settlement without a transfer agent
Subscription, booking and confirmation in one step. The transfer agent is the one intermediary tokenized settlement no longer needs.
Full product and data sovereignty
You keep the product and the data. Register keeping sits with the licensed partner of your choice — not with a platform you chain yourself to.
¹ Derivation: elimination of transfer agent fees and of retrocessions along the distribution chain; additionally lower reconciliation effort through a shared data base. The robust figure for your organisation is produced in the readiness assessment.
The cost lever
Where the potential comes from.
Indicative values in basis points of AuM per year for a retail fund with classic distribution: three addressable cost blocks, each with the share that tokenized settlement can eliminate.
Todayaddressable distribution and settlement costs
24 to 57 bp p.a.
Transfer agent feesof which reducible
2.3 to 7.6 bp p.a.
Retrocessions and trail commissions
6 to 29.3 bp p.a.
Reconciliation and operational matching
0.4 to 2.6 bp p.a.
remains
15.4 to 17.5 bp p.a.
All values are indicative ranges, not fixed values and not a guarantee. Reference base: addressable distribution and settlement costs, not the TER and not total fund costs. The robust figure for your organisation is produced in the readiness assessment. Model your case in the cost calculator
How we work
Three steps, no small print
Step 1 · free of charge
Briefing with live demo
30 to 45 minutes: you see the Tegernsee Lab live, we listen to where your organisation stands. No slides, no obligation.
Step 2 · fixed fee
Readiness assessment
Within 1 to 2 weeks we review your starting position, the regulatory setup and the partners you need. The result is a clear recommendation on what pays off for you and what does not.
Step 3 · mandate
Strategy & go-live support
We orchestrate your implementation with licensed partners: from architecture to live operations.
The proof · The lab is live
We don’t promise it. We show it.
Frequently asked
The key questions at a glance.
Does Wallberg keep the register for my fund?
No. Register keeping stays with a licensed partner. Wallberg orchestrates architecture, partner selection and implementation.
Why can the transfer agent be eliminated?
Because subscription, holdings, register checks and settlement can be structured in one shared tokenized settlement flow. The exact implementation depends on the product and the partners involved.
Is a cost reduction of up to 70% guaranteed?
No. The figure is a potential arising from the elimination of transfer agent fees, retrocessions and reconciliation effort. The robust range is calculated in the readiness assessment.
The next step
A conversation instead of a brochure.
In a free 30-minute briefing we walk you through the lab live, and you tell us where your organisation stands. You then decide whether a fixed-fee readiness assessment is the right second step.
Free of charge · with live demo
office@wallberg-advisory.de