Valad Securitisations S.à r.l. · Swiss Ledger-Based Tokenised Securities · £100M Issuance Programme
We're offering you a 10% APY credit-backed yield note using our own AA+ real-estate assets. Too good to be true? Here's how it works:
Valad originates private credit instruments secured against income-producing institutional real estate. The Underlying Yield Asset - Edinburgh Office is the initial collateral position: a £30M independently-valued asset leased to Bank of Scotland, generating £1.78M per annum in rental income that supports the instrument's repayment capacity.
Valad structures an insurance wrap and credit default guarantee with a AA-rated reinsurer. In the event of issuer default, principal and accrued interest are covered subject to the policy terms, limits and exclusions.
Notes are tokenised as ERC-3643 compliant tokens on-chain and allocated directly to your verified wallet. Quarterly yield distributions are automated and issued as new digital units, no manual claiming required.
We've spent 20+ years deploying institutional capital into commercial real estate. Valad's £2.1B portfolio was built for long-term private investors: pension funds, family offices, sovereign vehicles. Raising £20M onchain is not a funding exercise. It's a structural decision: to bring the same asset quality and legal rigour that institutions demand to a new class of investor, and to establish the infrastructure for doing it at scale.
Investors hold a Swiss ledger-based security: a bearer tokenised note where transfer of the token effects transfer of the instrument. Issued by Valad Securitisations S.à r.l. under Swiss law, tokenised via Centrifuge T-REX (ERC-3643).
Every note is secured by a first-charge over underlying real estate assets, held by an independent security trustee, and wrapped with a credit default guarantee from a AA-rated insurer.
Legal structure
The credit enhancement arrangements are designed to ensure Valad Securitisations S.à r.l. maintains sufficient capital to repay Noteholders in all circumstances contemplated by the final credit enhancement documentation. Coverage extends to principal of up to £100,000,000, the full programme size.
The assets that pay you, are rated AA by Northernlight Reinsurance Group Inc. Licensed reinsurer with £188M in total assets and £105M paid-in capital, rated AA by Pacific Credit Rating with a Positive outlook. Solvency II compliant, with capital held in US Treasury bonds and investment-grade instruments. Cover is subject to policy terms, limits and exclusions.
Notes are collateralised against prime institutional real estate held on Valad's own balance sheet, independently valued, income-producing, and carrying a first-charge security in your favour.
Institutional yield, now accessible beyond institutions. 10% fixed APY from a senior secured real-estate credit note, the same instrument structure institutional lenders have used for decades. Backed by hard assets and a AA-rated insurance wrap, not algorithmic mechanisms.
£2.1B AUM behind every note. Every note is collateralised against commercial real estate owned and managed by Valad for institutional clients over 20+ years. The origination discipline doesn't change, only the distribution channel does.
Best-in-class legal partners and credit insurers. Ogier as independent security trustee, AA-rated insurance wrap, Luxembourg securitisation structure with institutional rigour at every layer.
Subscriptions are processed exclusively via the Centrifuge T-REX platform under the ERC-3643 permissioned token standard.
This document is indicative only and does not constitute a prospectus, offer, or invitation to invest. It is issued solely for discussion purposes to eligible Professional Investors as defined under applicable Luxembourg securitisation legislation. The information contained herein is subject to change and to final documentation. Recipients should seek independent legal, tax, and financial advice before making any investment decision. Past performance is not indicative of future results. The Class A Notes have not been and will not be registered under the U.S. Securities Act of 1933. Indicative Term Sheet. Subject to Final Documentation. Document status: 7 May 2026.
