Topic

RWA tokenisation.

Analysis of real-world-asset tokenisation — architecture, regulation, and institutional adoption.

What Bitcoin taught us — and what regulated digital securities take from here.
COMMENTARY · COMMENTARY DESK

What Bitcoin taught us — and what regulated digital securities take from here.

Sixteen years of bearer digital instruments have produced a set of lessons that Reg-S-compliant tokenised LPs can now apply at institutional scale — lessons about scarcity, custody, settlement, and narrative.

Governance for tokenised LPs.
ANALYSIS · MANAGER, ALKEMYA PARTNERS GP

Governance for tokenised LPs.

On-chain transferability does not remove the need for limited-partnership governance. It changes where that governance lives and who can verify it.

Preferred returns, waterfalls, and carry: reading ALKN’s capital structure as a limited partner.
ANALYSIS · MANAGER, ALKEMYA PARTNERS GP

Preferred returns, waterfalls, and carry: reading ALKN’s capital structure as a limited partner.

The capital structure of a tokenised LP is not new. The transparency of it is. Here is how to read the ALKN waterfall the way an institutional allocator would.

The architecture of a regulated digital security.
COMMENTARY · COMMENTARY DESK

The architecture of a regulated digital security.

How ALKN’s multi-jurisdictional structure solves the three problems RWA tokenisation has, so far, failed to solve for: primary-law basis, institutional custody, and secondary-market liquidity.

Why Alkemya Metacore chose a Luxembourg SCSp.
ANALYSIS · MANAGER, ALKEMYA PARTNERS GP

Why Alkemya Metacore chose a Luxembourg SCSp.

A first-principles explanation — from the issuer — of why the Société en Commandite Spéciale is the right legal vehicle for a tokenised limited-partnership interest held by non-US qualified investors.