Securitising illiquid assets
Provenance-anchored tokens for assets that don't move today.
A warehouse of stored grain, a solar project's future cash flows, a plot of farmland, a fine-art piece, a batch of carbon credits — real value that sits frozen because the legal, custodial, and transactional plumbing to trade it isn't there. Every sale is a bespoke, lawyer-heavy deal; there is no continuous market and no cheap way to sell a fraction rather than the whole.
Fabric supplies the protocol-level plumbing — verifiable provenance, custody, and transfer — so an issuer can wrap an asset once and let a fractional claim on it be discovered, priced, and settled on an open network. The legal and custodial wrappers remain the issuer's responsibility; what changes is that the technical friction no longer dictates them.
What changes
Illiquid assets become tradeable without standing up a bespoke market venue for each class.
Custody and provenance become cryptographic, not documentary — the chain of ownership is signed and replayable rather than a folder of PDFs.
Fractional ownership is a protocol pattern, not a special legal structure — the legal wrapper still applies, but the plumbing no longer constrains what wrapper you can use.
Price discovery reaches a wider pool — a claim that used to require a broker's rolodex is discoverable by any qualified buyer on the network.
Audit and compliance are continuous — every transfer is anchored, so regulators and auditors see a live trail instead of a reconstructed one.
Where to start
Pick one asset class. Define the token class and the credential schemas for provenance, custody, and audit, then issue a test instrument on a sandbox tokenisation instance and run a fractional transfer between two holders. Most of the design effort goes into the credential schemas, not the token plumbing — so validate those with a custodian and a compliance reviewer before widening the asset set.