Last updated: May 1, 2026
Co-owner participation rights in each asset are structured through separate participation instruments issued at the level of the relevant compartment within the Luxembourg securitisation vehicle. These instruments: - grant the right to participate in the financial result of a specific asset - are not corporate shares in the company - are structured in accordance with Luxembourg securitisation and corporate law
The digital representation of these rights is carried out in the form of tokens, which serve as a means of recording, transferring, and registering co-owner rights.
A token reflects the scope of participation in the relevant instrument and provides transparency of the ownership structure without changing the legal nature of the right itself.
Where such instruments, by their characteristics, meet the criteria of financial instruments, the relevant provisions of European Union law apply to them, including capital markets and public offering rules.