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 backed by our own institutional real-estate portfolio, at a rate that reflects the private credit market for real-estate-backed senior secured loans, where institutional lenders routinely earn 8–12%. Here's how it works:
Valad originates private credit instruments across its institutional real estate portfolio. Yield to noteholders is generated from the returns of the Valad fund.
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-20 tokens, under the RWA Standard in collaboration with Centrifuge, and allocated directly to your verified wallet. A monthly redemption window is automated, with 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. The £100M programme 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 as ERC-20 tokens (RWA Standard, in collaboration with Centrifuge).
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 £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.
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, Swiss ledger-based issuance structure with institutional rigour at every layer.
Subscriptions are processed exclusively via the Centrifuge T-REX platform under the ERC-20 RWA Standard, in collaboration with Centrifuge.
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 Swiss securities 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.
