Investre adds Digital Transfer Agent to its regulated tokenisation suite

Luxembourg, 5 October 2026. Investre S.A. today announced that the Commission de Surveillance du Secteur Financier (CSSF) has authorised it as a Registrar Agent under Article 25 of the Law of 5 April 1993 on the financial sector. The licence allows Investre to act as UCI administrator for the registrar function and the client communication function of UCI administration under CSSF Circular 22/811.

The CSSF's FAQ on tokenisation, published on 2 October 2026 (the "CSSF FAQ"), confirms why this licence matters. It states that fund shares may be issued natively on blockchain in either registered or dematerialised form. In both cases the fund needs a UCI administrator in charge of the registrar function. Where shares are dematerialised, the fund needs to make sure that the control function and the registrar function are both covered.

The CSSF FAQ expressly allows a single entity holding all the relevant licences to perform both. Investre is now that entity.

The licence achieves two things.

Digital Transfer Agent for registered shares

Investre can now maintain the shareholder register of funds issuing registered shares under the 1915 Companies Law, including keeping that register natively on blockchain. The on-chain entry is the register itself, not a mirror that has to be reconciled against an off-chain record.

Control Agent and registrar function for dematerialised shares

Investre holds the first Control Agent authorisation granted by the CSSF under the Law of 6 April 2013, as amended by the Blockchain Laws. This allows funds to issue dematerialised shares natively on a blockchain, with the on-chain book entry recognised by law as the investor's legal title. The Registrar Agent licence adds the surrounding transfer agent functions, namely payment and settlement processing and investor communication, so Investre now delivers the full service around a dematerialised issuance.

One provider, every model

This addition to the tokenisation suite covers hybrid and transitional structures. The CSSF FAQ allows funds with both traditional and tokenised share classes to appoint several registrars, provided one entity keeps a consolidated view of all shares issued.

For dematerialised shares, Investre can act as Control Agent while the existing transfer agent keeps the registrar function. In a hybrid fund where traditional registered shares and native share tokens co-exist, the existing transfer agent can keep the registered share classes while Investre takes charge of the native shares as both Control Agent and registrar.

That said, with this additional licence, funds tokenising share class by share class may nonetheless keep one single provider across both models, with no duplicate registers and no reconciliation layer.

One provider, every model

The result is a complete, regulated toolkit for fund tokenisation. Clients choose the model that fits their project, and Investre covers it end to end: from delivery versus payment to peer-to-peer transfers between investors and trading on blockchain-centric venues. Hybrid and transitional structures are covered too. Funds tokenising class by class or compartment by compartment keep a single provider across both models, with no duplicate registers and no reconciliation layer.

Investre invites asset managers, fund initiators and transfer agents to discuss which route fits their project.

"Tokenisation is not one model. Some funds want to keep registered shares and hold the register natively on a blockchain. Others want to issue dematerialised shares on chain. With this licence, the regulatory picture is complete: we act as Digital Transfer Agent for the first model and as Control Agent for the second, with payments and investor communication covered in both. Whatever route a fund chooses, every function may sit within one CSSF-supervised entity," said Sacha Marcolini, Head of Legal and Compliance at Investre.

"This additional licence opens the door to offering the full range of services a modern fund centre needs. Our aim is to give asset managers the most modern infrastructure rails to access new distribution channels. It also allows us to help existing Transfer Agents accelerate their technology transformation. The suite is now complete: from issuance to order routing, clearing and settlement, through to institutional-grade safekeeping, including self-custody, and connection to distribution channels," said Georges Bock, CEO and Founder of Investre.

About Investre

Investre S.A. is a CSSF-authorised investment firm holding the first Control Agent authorisation granted under Luxembourg's Blockchain Laws and a Registrar Agent licence under the Law of 5 April 1993. It provides infrastructure for the issuance, settlement and servicing of investment funds, whether registered or dematerialised, on a single regulated blockchain platform, and offers MiFID-compliant wallet and safekeeping infrastructure for digital financial assets. Investre serves clients across Europe and also operates Moniflo, a retail investment platform. www.investre.eu

Press contact Investre

Latisha Tublani, Marketing & Communications Manager
Mail: Latisha.tublani@investre.eu
Mob: +352621309292
Web: https://www.investre.eu/
LinkedIn: https://www.linkedin.com/company/investre/