Turn real world assets and other private market investments into bankable or tokenized instruments that are easily acquirable and held in custody by you or your EU, UK, Swiss and UAE investors
.png)
.png)
GET STARTED
Get Started
Get Started
Turn your ideas into a reality
Get StartedSecuritization, but... why?
Reaching Minimum Ticket Size
When faced with high minimum investment thresholds, we offer a strategic solution. By creating a wrapped, standardized investment vehicle, we enable your client to become the lead investor.
This approach not only simplifies the investment process but also enhances custody eligibility. As a result, your client can more effectively attract co-investors, pooling resources to meet minimum requirements while potentially increasing overall investment power.
Improved Collateral Potential
For clients with diverse real asset and private markets portfolios, obtaining Lombard credit can be streamlined through a strategic approach:
1. Collateral Optimization: instead of using individual real assets as collateral, consider securitizing these assets. This creates a single, more liquid security that's easier for banks to manage and value.
2. Simplified Risk Management: banks prefer securities as collateral because they're easier to seize and resell if loan payments default. This is especially advantageous when the underlying assets are numerous and geographically dispersed.
3. Enhanced Valuation Reliability: securitizations typically undergo regular, independent valuations. This provides a more objective and current assessment of the asset pool's value, giving credit institutions greater confidence in the collateral's worth.
4. Increased Borrowing Power: by offering a more attractive form of collateral, clients may access better loan terms or larger credit lines.
5. Geographical Flexibility: this approach is particularly beneficial for clients with real assets spread across various locations, as it consolidates them into a single, manageable security.
Creation of Liquidity
The securitization vehicle can issue debt securities backed by your client's current investments. These securities could be acquired by third-party investors who may be experts in the underlying unlisted assets and wish to benefit from the potential returns.
By helping your client 'wrap' their illiquid assets and sell the issued debt securities, you can free up liquidity that they may wish to reinvest in other suitable instruments.
Succession Planning
Traditionally, family offices have used trusts or foundations to hold the family's assets. However, securitizing at least some of their assets, such as private equity, real estate, artwork, precious metals, and other real world assets, can also facilitate succession planning.
When family members own debt securities resulting from the securitization of the family's assets under a profit-participation payout mechanism, they can more easily manage the returns (including negative returns) generated by those assets. This feature allows the family office to fractionalize asset ownership among family members and redistribute it as needed, without administrative delays or complexity.
Removing Operational Complexity
Investing in a security, whether in its bankable or tokenized form, is operationally seamless and far less complex than directly investing in private markets. This saves your team precious time and resources.
The yooro operations team is highly knowledgeable about the intricacies of such structures. They will take ownership of the operational complexities, leaving you with one less worry.
SETUP
When you accept working with us for a Hosted solution, we take care of the operational setup of a new segregated compartment of one of our existing Luxembourg securitization vehicles.
DOCUMENTS
DOCS
Once the setup is completed, we will provide to you the necessary offering documents, including the Base Memorandum, the Final Terms and the MiFID Target Market Assessment (in case of distribution) and if you are an investment arranger and wish to actively market the security to your target EU, UK, Swiss or UAE professional investors, we can also appoint a licensed distributor of your choice.
SUBSCRIPTION
SUBS
Your investors can opt either to ask their custodian bank to onboard and invest Delivery-Versus-Payment (DVP) into the security, or to register directly in the Baund Investor App, get qualified via its digital due diligence module, and invest directly themselves into the tokenized security and self-custody it. And they can even create within the app a new digital wallet, if they do not already have one.
Once subscriptions have been received, either via bank or via the investor app, and the security has been issued, we make sure the subscription proceeds are directed to the required underlying private market investment.
MANAGEMENT
MGMT
Once live, we manage the segregated compartment of the securitization vehicle that issued the security throughout its lifetime, taking care of its governance, general administration, accounting, tax compliance, audit, cash management, overall risk and operations management and, eventually, liquidation.
Instrument Type
Regulatory Framework
Liquidity
Distribution
Investment Process
KYC Process
Exchange Listing
Direct exposure in
private markets
An unlisted asset that is typically not bankable, resulting from the negotiation and signature of a private legal agreement, and that may be recorded in ‘certificate form’ (e.g. a shareholder or debtholder certificate, physical or digital).
Private commercial law, in most instances.
Mostly illiquid.
Not contemplated.
Manual, via legal agreement in most instances.
Generally lengthy and mostly manual 'old fashioned' KYC process required.
Instrument typically not listed.
yooro securitizing
private market investments
EU debt securities either dematerialized and registered with a central depository system, such as Clearstream, or in token form, minted and recorded on an open public blockchain.
The EU Prospectus Regulation (and applicable exemptions), adopted in all EU member states.
Can increase liquidity.
Can be freely marketed to Professional Investors in the EU, UK, Switzerland and the UAE, upon the appointed of a licensed distributor.
Seamless, via order to a financial intermediary, or via the Baund Investor App.
KYC process not required if subscribing via bank (already done by the institution). Fast digital KYC process if subscribing via the Baund Investor App.
Debt security can be listed (‘technical listing’) at the promoter’s discretion with the Vienna Stock Exchange.
1
QUESTIONNAIRE
You will be guided through a brief questionnaire that allows us to tailor the best solution to your needs.
2
PROPOSAL
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
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
Sit back, relax, and focus on your priorities. We'll handle the heavy lifting, expertly managing the legal and operational setup of your Hosted or Dedicated solution. While the time-to-market may vary depending on the complexity of the underlying investment and the potential need for a distributor, rest assured that our streamlined process is designed for speed. We'll get you up and running quickly, so you can start achieving your goals sooner.
Debt Security Issuance Fee
Debt Security Issuance Timeframe
Investment Agreement Drafting
Investor App
Dematerialization
Tokenization
Subscription in Digital Currencies
Debt Security Admin Fee
Corporate Governance
Accounting
Audit
Cash Management
COO Services
Banking Fees
Paying Agent Fees
Integrated Non-Custodial Wallet
P2P Secondary Market
From EUR 25K
1 month
EUR 40K / yr
Law Firm
From EUR 20K
1-2 months
Corporate Admin
From EUR 10K
1 month
From EUR 40K / yr
Debt Security Issuance Fee
Debt Security Issuance Time
Inv. Agreement Drafting
Investor App
Dematerialization
Tokenization
Subscription in Digital Currencies
Debt Security Admin Fee
Corporate Gov.
Accounting
Audit
Cash Mgmt
COO Services
Banking Fees
Paying Agent Fees
Integrated Non-Custodial Wallet
P2P Secondary Market
From EUR 25K
1 month
EUR 40K / yr
Debt Security Issuance Fee
Debt Security Issuance Time
Inv. Agreement Drafting
Investor App
Dematerialization
Tokenization
Subscription in Digital Currencies
Debt Security Admin Fee
Corporate Gov.
Accounting
Audit
Cash Mgmt
COO Services
Banking Fees
Paying Agent Fees
Integrated Non-Custodial Wallet
P2P Secondary Market
From EUR 20K
1-2 months
Debt Security Issuance Fee
Debt Security Issuance Time
Inv. Agreement Drafting
Investor App
Dematerialization
Tokenization
Subscription in Digital Currencies
Debt Security Admin Fee
Corporate Gov.
Accounting
Audit
Cash Mgmt
COO Services
Banking Fees
Paying Agent Fees
Integrated Non-Custodial Wallet
P2P Secondary Market
From EUR 10K
From EUR 40K / yr
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.
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
securitizing alternative assets ?
Launching a securitization vehicle is usually a lengthy and costly process that involves working with many different service providers and paying high fees for legal, notary, banking, and administrative services. Our Hosted 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 our Hosted plans ?
Our fees are comprehensive of everything that is required to launch and operate a securitization vehicle compartment and issue debt securities: offering documents, security dematerialization, tokenization, bank account, on-going administration, COO services, accounting and tax compliance. Please read carefully What's Included and What's Not Included in our Pricing Section.
What will be the legal structure of my securitisation ?
We will launch a legally segregated compartment of an existing Luxembourg securitization vehicle formed under the Luxembourg securitisation law of 22 March 2004 and amending. You will effectively be ‘renting’ a compartment of an already active investment vehicle.
Can yooro help me with distribution in
the EU, UK and Switzerland ?
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 domicile its 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 our more at Why Luxembourg?
Who pays yooro’s fees ?
The Debt Security Issuance Fee is advanced by you, the promoter, but can be partly or wholly recharged by you to the compartment issuing the debt securities, hence to investors. The Debt Security Admin Fee is charged to the compartment issuing the the compartment, 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 securitisation 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, nor there is an investment manager to make decisions. 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
