The platform is extending its infrastructure to instruments issued by third parties, with digital processes covering access, subscription, cash flows and redemption.
LONDON, UK
Altherum, the investment platform developed within the CGPH Banque d’affaires ecosystem, announces the launch of a new business line dedicated to the tokenization of financial products issued by third parties.
The program will initially focus on bonds and private placement debt transactions, before expanding to other instruments, including ETFs, wherever the applicable legal, regulatory and distribution framework allows for their digital representation.
The initiative broadens Altherum’s current scope, which includes club deals in private equity, venture capital and the real economy, as well as rare and non-replicable physical assets. With this new business line, the platform will also be able to accommodate financial instruments originated by issuers, asset managers and other professional market participants outside the group.
The objective is not to create an undifferentiated catalogue of digital products, but to select instruments with a clearly identified issuer, comprehensive documentation, defined economic terms and a clearly structured redemption process.
How it will work in practice
Every financial product will undergo a review process before being admitted to the Altherum infrastructure.
In the case of a bond, the assessment will consider, among other factors, the identity and creditworthiness of the issuer, the size of the transaction, its maturity, the applicable interest rate or expected yield, the intended use of proceeds, any guarantees or collateral, repayment seniority, and the issuer’s ability to service coupon payments and repay principal at maturity.
The operating process will consist of five stages:
- Product selection. The issuer or originator submits the instrument, the relevant financial documentation and the terms of the transaction.
- Analysis and structuring. The product’s economic mechanics, risks, investor eligibility requirements, distribution rules and any transfer restrictions are reviewed.
- Digital representation. The rights established under the contractual documentation are represented through digital units recorded on the blockchain.
- Access and subscription. Qualified investors complete the required checks, review the transaction documentation and subscribe to the product in accordance with the applicable terms.
- Lifecycle management. The platform supports the recording of holdings and product-related events, including coupon payments, distributions, investor communications, maturity and redemption.
For each transaction, the minimum investment amount, maturity, return, redemption terms and access requirements will be determined according to the characteristics of the instrument and the applicable distribution framework.
“Tokenization creates value when it makes an already well-structured financial process more orderly and verifiable,” said Kolyo Boichev, Director at CGPH Banque d’affaires and Altherum. “We will begin with selected bonds, where coupon payments, maturity and redemption can be represented and managed in a clear and transparent manner. The expansion into ETFs will take place only where the regulatory and distribution framework allows it.”
An infrastructure for issuers and investors
For issuers and originators, Altherum provides an infrastructure through which they can organize product presentation, investor onboarding, subscription recording and information management throughout the entire life of the transaction.
For qualified investors, the platform provides a single access point where they can review the characteristics of the instrument, available documentation, economic terms, risks, periodic updates and scheduled events through to maturity or exit from the investment.
The technology does not, however, alter the economic nature of the product. A tokenized bond remains dependent on the issuer’s ability to pay coupons and repay principal. Likewise, the digital representation of an ETF does not eliminate market risk, costs, fluctuations in the underlying assets or the rules governing its distribution.
Tokenization also does not, in itself, create liquidity. Transfers of digital holdings will only be possible where permitted by the contractual documentation, the structure of the product, the applicable regulatory framework and the availability of an eligible counterparty.
Club deals remain at the core of the Altherum model
The expansion into third-party financial products does not replace Altherum’s club deal activity. The platform will continue to develop dedicated transactions in private equity, venture capital, real estate and other sectors of the real economy.
In these transactions, CGPH Banque d’affaires identifies, analyzes and structures each individual opportunity, while Altherum organizes the documentation, investor access and the management of the related holdings.
The new business line will therefore enable Altherum to bring together three distinct investment categories within a single infrastructure: club deals originated and structured by CGPH, selected real-world assets, and financial products issued by third parties.
“We will not measure success by the number of tokens issued,” Boichev added. “Our benchmarks will be the quality of the products admitted to the platform, the capital actually invested, the proper execution and management of transactions, and our ability to build long-term relationships with investors, issuers and originators.”
About Altherum
Altherum is an investment platform developed within the CGPH Banque d’affaires ecosystem. The platform enables qualified investors to access club deals, private-market opportunities, tokenized real-world assets and selected financial products.
Altherum combines financial expertise, transaction analysis and digital infrastructure to make the access to, representation and management of investment holdings more efficient, while ensuring that their economic value and risk remain anchored to the underlying company, asset or financial instrument.
Media Contact Details
Kolyo Boichev
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Last modified: August 19, 2026
