yooro - Dedicated

Need to streamline the investment process in private markets for your investors' managed portfolios, on a recurring basis?
Cannot reach the individual minimum ticket for many fab investments you scouted and need to recurrently pool together various of your investors in a single investment subscriber?
Do many of your investors have non-bankable assets that they wish to use as collateral to obtain a bank loan?

Get Started

Need to streamline the investment process in many unlisted assets for the family(ies) you represent?
Need to create many collective investment vehicles to co-invest with other investors?
Does the family you represent require financing and is invested in many non-bankable assets that it wishes to use as collateral, or do you represent multiple families?
Looking for a most cost-effective alternative to a trust structure for efficient succession planning for many of the families you represent?

Get Started

Did you source an amazing investment opportunity and wish to wrap it into an institutional format that can be actively distributed, is bankable and can be efficiently safe kept, to show to your network of investors?

Get Started

On a mission to democratize access to real world and other alternative assets

Turn your ideas into a reality

Get Started

YOORO

On the mission to democratize access to alternative assets

Turn your ideas into a reality

Get Started

Wealth Managers, Fiducariaries and Private Banks

Family Offices

Investment Arrangers

Need to streamline the investment process in many alternative assets for your investor’s managed portfolios, on a recurring basis?
Cannot reach the individual minimum ticket for many fab investments you scouted and need to recurrently pool together various of your investors in a single investment subscriber?
Do many of your investors have non-bankable assets that they wish to use as collateral to obtain a bank loan?

Get Started

Need to streamline the investment process in many alternative assets for the family(ies) you represent?
Need to create many collective vehicles to co-invest with other investors?
Does the family you represent require financing and is invested in many non-bankable assets that it wishes to use as collateral, or do you represent multiple families?
Looking for a most cost-effective alternative to a trust structure for efficient succession planning for many of the families you represent?

Get Started

Do you regularly source amazing investment opportunities and wish to wrap them into an institutional format that can be actively distributed on a serial basis, is bankable and can be efficiently safe kept, to show to your network of investors on each occasion?

Get Started

Do I Need my Own Vehicle?

Governance

Maintaining full control over the issuance and management of securities for your investors may be crucial for you. This comes with being able to decide on the issuer's organizational structure and selecting service providers. If this level of control is a top priority for you, a Dedicated solution may be the best fit.

However, it's essential to consider that Dedicated solutions come with a higher upfront cost and a more extensive setup process. Ongoing management also requires a greater investment of time and resources from your team.

Given these factors, it's vital to carefully weigh your decision. Fortunately, our Dedicated solution services are designed to support you every step of the way - from navigating the initial setup to ensuring the long-term success of your new vehicle.

Scalability

If you anticipate launching multiple securitization projects for your investors, setting up your own dedicated structure may be more cost-effective in the long run. This approach contrasts with our Hosted solution, which involves 'renting' a compartment in an existing vehicle.

While a Hosted solution offers consistent administration costs and is more economical for a small number of securitizations, a Dedicated solution can provide significant economies of scale for regular and substantial securitization activities. The initial investment in a Dedicated solution can pay off over time as your securitization volume increases.

Rest assured, all the benefits outlined in Securitization, but why? highlighted in our Hosted page still apply, regardless of which solution you choose. Your decision should be based on your long-term strategy and expected securitization frequency.

How our Dedicated Solution works

VEHICLE SETUP

SETUP

When you accept working with us for a Dedicated solution, we take care of the operational setup of a brand-new Luxembourg securitization vehicle whose corporate governance you will be in charge of. As part of our Dedicated Securitization Vehicle - Setup service, we will assist with the selection of the most suitable and efficient service providers for your new vehicle and lead the process for its onboarding by all of them. And we will assist with the legal work required to prepare the Base Memorandum for your issuances.

The initial setup process for a new vehicle is a lengthy process, normally taking around three to four months. Once completed, you are free to manage it in any way you seem fit and take charge of issuances and its day-to-day governance.

NOTE ISSUANCE COORDINATION

ISSUANCE

If you wish for yooro to keep assisting you with the operational setup of new segregated compartments that will be issuing securities dedicated to your investments in the private markets space, as part of our Dedicated Debt Security - Issuance Coordination service we will take care of drafting the necessary offering documents for the issuance in question, i.e. the Final Terms and the MiFID Target Market Assessment, if required.

FRACTIONAL COO

OPS

Once subscriptions have been received, the security has issued and the compartment is live, if you employ our optional Fractional COO Services, we will act as coordinator and supervisor of all the third-party service providers and ensure the smooth day-to-day running of your vehicle.

Once live, we manage the segregated compartment throughout its lifetime, taking care of its governance, general administration, accounting, tax compliance, audit, cash management, overall risk and operations management and, eventually, liquidation.

Get Started

How having a Dedicated Vehicle Differs from being Hosted

Instrument Type

Launch Timeframe

Governance

Operational Complexity

Legal Docs Drafting

Security Token Offerings

Hosted

Being hosted by an existing vehicle is normally significantly cheaper for up to your tenth issuance.

However, cost does not reduce as volumes increase, as hosts typically charge the same amount independently from how many issuances you act as promoter of.

Hosted issuances are very fast to launch
(that is, if you work with yooro!).

None is required.

This is something that does not concern you,
as the host will take care of everything.

Included in yooro’s services.

Available

Dedicated

Having a dedicated vehicle is normally substantially more expensive for up to your tenth issuance, as there are fixed costs.

However, cost does reduce as volumes increase, as you are able to spread these fixed costs over an increasing number of compartments.

The first dedicated security issuance takes a considerable amount of time, as the whole structure need to be created from scratch and onboarded by all applicable third-party service providers.

However, once up and running, the subsequent issuances can be as fast to launch as when being hosted.

You are fully in charge of corporate governance, with the benefits and drawbacks that come with it.

With governance comes the need to take care of the day-to-day operational management of the vehicles, its human capital (if any) and its service providers. It is not for the faint-hearted!

Luckily yooro is here to assist with its Fractional COO Services, where a big load can be unloaded from your shoulders.

Not included in yooro’s services.

Not available unless you develop the whole legal framework and infrastructure yourself.

Hosted

Cost

Being hosted by an existing vehicle is normally significantly cheaper for up to your tenth issuance.

However, cost does not reduce as volumes increase, as hosts typically charge the same amount independently from how many issuances you act as promoter of.

Launch Timeframe

Hosted issuances are very fast to launch(That is, if you work with Yooro!).

Governance

None is required.

Operational Complexity

This is something that does not concern you, as the host will take care of everything.

Legal Docs Drafting

Included in Yooro’s services.

Security Token Offerings

Available

Dedicated

Cost

Having a dedicated vehicle is normally substantially more expensive for up to your tenth issuance, as there are fixed costs.

However, cost does reduce as volumes increase, as you are able to spread these fixed costs over an increasing number of compartments.

Launch Timeframe

The first dedicated security issuance takes a considerable amount of time, as the whole structure need to be created from scratch and onboarded by all applicable third-party service providers.

However, once up and running, the subsequent issuances can be as fast to launch as when being hosted.

Governance

You are fully in charge of corporate governance, with the benefits and drawbacks that come with it.

Operational Complexity

With governance comes the need to take care of the day-to-day operational management of the vehicles, its human capital (if any) and its service providers. It is not for the fainthearted!

Luckily yooro is here to assist with its Fractional COO Services, where a big load can be unloaded from your shoulders.

Legal Docs Drafting

Not included in Yooro’s services

Security Token Offerings

Not available unless you develop the whole legal framework and infrastructure yourself.

Your Journey
with Us

1

QUESTIONNAIRE

Click on "Get Started"

You will be guided through a brief questionnaire that allows us to tailor the best solution to your Dedicated vehicle needs.

2

PROPOSAL

Within 24 Hours

We will come back to you via mail within 24 hours of you completing the questionnaire with a proposal for our services, including the full details of what we can assist you with, and a firm quote. In case we miss relevant information to prepare the firm quote, we will get in touch.

3

PAYMENT

Fiat or Crypto

If you accept our quote, we will provide you with our IBAN and digital wallet address details (yes, we accept payments in BTC, EURC and USDC!) to make a 20% down payment, with the balance owed only at successful delivery of the project.

4

DELIVERY

We are fast!

We get started on the legal and operational setup of your Dedicated solution, involving you at every step of the way and getting your approval whenever needed.

5

ADD ON

We care

Need ongoing support? Return to step 1 to explore our add-on services, including:

• Launch coordination for new security issuances
• Day-to-day vehicle management and coordination of all service providers via our COO Fractional Services

Let us handle the complexities, freeing you to focus on your core business objectives.

How We Compare

Sec. Vehicle Setup Fee

Sec. Vehicle Setup Timeframe

Paying Agent Onboarding Coord.

Investor App

Debt Security Issuance Coord. Fee

Dematerialization

Tokenization

Subscription in Digital Currencies

Corporate Governance

Accounting

Audit

Cash Management

COO Services

Integrated Non-Custodial Wallet

P2P Secondary Market

EUR 40K

2 months

(charged separately)

EUR 5K

(charged separately)

Law Firm

From EUR 40K

2 months

Corporate Admin

From EUR 20K

2 months

From EUR 5K

(charged separately)

Sec. Vehicle Setup Fee

Sec. Vehicle Setup Time

Paying Agent Onboarding Coord.

Investor App

Debt Sec. Issuance Coord. Fee

Dematerialization

Tokenization

Subscription in Digital Currencies

Corporate Gov.

Accounting

Audit

Cash Mgmt

COO Services

Integrated Non-Custodial Wallet

P2P Secondary Market

EUR 40K

3 months

EUR 5K

(charged separately)

Law Firm

Sec. Vehicle Setup Fee

Sec. Vehicle Setup Time

Paying Agent Onboarding Coord.

Investor App

Debt Sec. Issuance Coord. Fee

Dematerialization

Tokenization

Subscription in Digital Currencies

Corporate Gov.

Accounting

Audit

Cash Mgmt

COO Services

Integrated Non-Custodial Wallet

P2P Secondary Market

From EUR 40K

2 months

Corporate Admin

Sec. Vehicle Setup Fee

Sec. Vehicle Setup Time

Paying Agent Onboarding Coord.

Investor App

Debt Sec. Issuance Coord. Fee

Dematerialization

Tokenization

Subscription in Digital Currencies

Corporate Gov.

Accounting

Audit

Cash Mgmt

COO Services

Integrated Non-Custodial Wallet

P2P Secondary Market

From EUR 20K

2 months

From EUR 5K

(charged separately)

Pricing Details

NOTE 1: all the above figures are exclusive of VAT, where applicable

NOTE 2: the above figures in relation to third parties represent the industry average in Luxembourg, both in terms of fees and timeframes, for the setup of a new dedicated securitization vehicle organized as a securitization fund or partnership. The fee figures exclude those services and functionalities that are marked with an ‘x’, and whose addition would imply additional workload, time and expenses. It is important to note that the promoter would need to deal with separate parties, and in some instances fees, and time, accumulate.

Your questions answered

Read on below for answers to some of the most common ones we’ve already been asked. If you need help getting started, feel free to contact us.

What is the value yooro adds when creating
a brand-new securitization structure ?

Launching a securitization vehicle is usually a lengthy and costly process that involves working with legal counsel and many different service providers that need to be coordinated for an efficient execution. Many law firms cannot assist with finding and onboarding all required service providers. Our Dedicated Securitization Vehicle Setup solution leverages on our founders’ experience and infrastructure we put in place to digitize and streamline this process, making it faster, simpler, and more affordable.

What’s included in the Dedicated Securitization Vehicle Setup service ?

Our fees are comprehensive of all that is mandatory to launch and operate a securitization vehicle: incorporation documents or other required legal agreements, notary setup fees, registration with authorities, drafting of offering documents, selection and onboarding of mandatory service providers, bank account opening. Other optional services, such as on-boarding of a paying agent for security dematerialization, registration with an exchange, and crypto liquidity providers, if required, can also be taken care of, for an extra fee. Please read carefully What's Included and What's Not Included in our Pricing Section.

What’s included in the Dedicated Debt Security – Issuance Coordination service ?

Our fees cover some services that are required to launch and operate a securitization vehicle compartment: security dematerialization, exchange listing, bank account. It does not include though the legal work required to draft the Final Terms. Please read carefully What's Included and What's Not Included in our Pricing Section.

What’s included in the Fractional COO
Services ?

Our fees cover our team’s role as your part-time Chief Operating Officer, who will act as your trusted and experienced operations and risk management coordinator, working in conjunction and coordinating all providers servicing your dedicated vehicle, and representing your interest in all instances. Please read carefully What's Included and What's Not Included in our Pricing Section.

What will be the legal structure of my dedicated securitisation vehicle ?

We will help you select one of three legal forms available in Luxembourg under the Luxembourg securitisation law of 22 March 2004, as amended; either that of a securitization company, or of a securitization fund, or of a securitization partnership. We will also help you setting up your own management company or general partners, in case of a securitization fund or partnership respectively.

Can yooro help me with distribution in
the EU, UK, Switzerland and the UAE ?

We can assist with the appointment of a licensed distributor in selected countries of distribution, if needed. Please note that any costs associated to such appointments, and related agreed distribution fees, are not included in our plans.

Why does yooro offer the setup of dedicated securitization vehicles in Luxembourg, of all places in the EU ?

Luxembourg is a prime financial domicile within the EU, with a stable economy, a conducive financial industry and solid financial regulations. It is also amongst the most reputable domicile for issuers and funds alike, and financial instruments issued in Luxembourg are well-accepted by investors EU-wide. Please find out more at Why Luxembourg?

Who pays yooro’s fees ?

The Dedicated Securitization Vehicle Setup Fee and the Debt Security Issuance Coordination Fee are advanced by you, the promoter, but can be partly or wholly recharged by you to the vehicle, hence to investors. The COO Services fee can be charged to the management company or general partner managing the vehicles, if applicable, or directly to the vehicle itself, hence to investors.

Will the securitisation vehicle compartment invest all amounts subscribed ?

Each compartment will need to keep a cash reserve to meet its financial commitments towards all service providers, which means that a lesser amount than the one subscribed by investors will be available for investment.

Can the securitization vehicle compartment invest in any asset at its discretion ?

No, a securitization vehicle is a ‘passive investment’ entity, meaning there is no discretional decision on what assets it can invest in. Rather, it can only use subscription proceeds to make investments in those assets clearly identified in the offering documents.

Still have questions For YOORO?

Get in Touch

On a mission to democratize access to real world and other alternative assets

On the mission to democratize access to alternative assets

How our Dedicated Solution works

How having a Dedicated Vehicle Differs from being Hosted

Your Journeywith Us

How We Compare

Your questions answered

Your Journey
with Us