News and insights on fund tokenisation.

Regulatory approval, servicing infrastructure and competitive positioning all moved in the week of 28 July–3 August 2026 — and the piece that's still missing is the one that decides who builds the rails everyone else runs on.

Issuance, settlement and secondary trading all moved in the week of 21–27 July 2026 — and Europe's route to the last of them has barely been used.

Yves Elvinger, partner at Elvinger Haus's investment fund department, tackles a confusion that comes up in almost every fund tokenisation conversation: the assumption that a "tokenised fund share" is a single, well-defined thing.

Investre S.A., the Luxembourg-based fintech authorised by the CSSF as a Control Agent under the Blockchain IV Law, has completed a capital increase of EUR 2.4 million to support the scaling of its fund tokenisation infrastructure.

Standards are boring until the moment they're missing. That's the throughline of this episode of The Final Block, where Georges Bock sits down with Daniel Coheur, co-founder of Tokeny and now Global Head of Digital Assets and Fund Distribution at Apex Group, to unpack why fund tokenisation needed its own standard, why a wallet address was never going to be enough, and where treasury management is actually headed.

Ralf Wandmacher, COO and CFO of 21X, Europe's first licensed DLT Trading and Settlement System. Before 21X, Ralf built the retail derivatives platform at Deutsche Bank, ran a Euro stablecoin as CEO of StablR, and started his career at Dresdner Bank building some of Germany's earliest index-linked products. Georges Bock hosts the conversation, covering what the DLT Pilot Regime actually allows, why atomic settlement changes the risk equation, and why Europe risks losing its early lead to the US.