No. Tokeniser is designed to work with administrators and the broader fund ecosystem. It provides infrastructure that administrators can use directly or integrate into existing operating models.
Administrators
A modern registry from onboarding to lifecycle operations
One operating layer for administrators to support the entire fund
One operating layer
- Investor identity and onboarding
- Registry, holdings and ownership
- Subscriptions, redemptions, transfers
- Distribution channels
- Liquidity, settlement and financing
Enabled per fund, per client, where appropriate.
What changes
Five parts of administration, before and after
Same funds, same clients, same obligations. The difference is the infrastructure you administer them on.
Ownership record
Traditional administration
Registry activity is maintained across administration systems, documents, spreadsheets and manual reconciliations.
Tokeniser enabled
A digital source of truth connects investors, holdings, eligibility and lifecycle activity. Low effort admin.
Investor lifecycle
Traditional administration
Onboarding, subscriptions, redemptions, transfers and reporting are often handled through separate workflows.
Tokeniser enabled
Investor onboarding, registry events and lifecycle workflows can operate through one connected infrastructure layer.
Distribution support
Traditional administration
Your customer needs to configure new channels that require bespoke operating processes, reconciliations or registry workarounds.
Tokeniser enabled
Your customers can use the same underlying fund infrastructure to support adviser, platform, direct and digital distribution pathways.
Liquidity and transfers
Traditional administration
Secondary activity typically requires manual approvals, off-platform coordination and separate settlement processes.
Tokeniser enabled
Your customer can give eligible investors and fund units access to configured transfer rules, liquidity windows, price controls and venue connectivity where appropriate.
Settlement and financing
Traditional administration
Settlement, collateral and lending arrangements rely on separate parties and bespoke processes.
Tokeniser enabled
Digital infrastructure can support asynchronous, atomic settlement, collateral and borrowing options, and other protocol finance capabilities for suitable funds.
Capabilities are configured by the fund issuer or manager and enabled only where appropriate for the fund, investors, service provider model and regulatory setting.
Capability
What Tokeniser does for fund administrators
Ready for scale from day one.
One operating layer for registry, lifecycle and distribution support, across every fund you administer.
Talk to Tokeniser01
Scalable fund administration in one place
Tokeniser supports registry and investor lifecycle activity across multiple funds, managers and distribution models, in one place.
- Investor onboarding and eligibility checks
- Registry, holdings and ownership records
- Subscriptions, redemptions and transfers
A scalable administration with a cleaner operating model.
02
Help managers with distribution pathways
Tokeniser lets administrators support managers who want to connect the same underlying fund to new channels without rebuilding operating processes for every venue or partner.
- Adviser and platform distribution
- Wholesale investor networks
- Digital asset venues and approved distribution channels
Distribution support that keeps one set of ownership infrastructure.
03
Impressive investor experience
Tokeniser's modern investor experience creates an impressive fund administration experience.
- Mobile first investor experience
- Reusable KYC across issuers, minimising KYC needs
- A single investor experience, ready for AI investing
The asset issuer looks good, you look good, investors feel good.
Adoption
A phased path to customer adoption
You do not need to replace your administration model overnight. Tokeniser can be introduced in stages based on your clients, systems and strategic priorities.
1
Start with registry and lifecycle workflows
Digitise ownership records, investor onboarding, subscriptions, redemptions, transfers and reporting.
2
Add distribution support
Connect new adviser, platform, direct or digital channels to the same underlying fund infrastructure.
3
Introduce controlled liquidity
Support approved transfers, liquidity windows and venue connectivity for eligible investors where appropriate.
4
Activate financing and settlement
Enable digital settlement, collateral, borrowing and other protocol finance capabilities for suitable funds.
Operating models
Flexible operating models
Use Tokeniser directly, or run it underneath the experience you already have.
Use Tokeniser directly
Administrators and managers can use Tokeniser interfaces to get started quickly with investor onboarding, holdings, activity and fund lifecycle workflows.
Best for: administrators supporting managers who want speed without building a new front end.
Use Tokeniser under the hood
Tokeniser can operate as a protocol finance layer underneath existing administrator, manager or platform experiences through APIs and integrations.
Best for: administrators with established portals, workflows and service models that need tokenisation infrastructure underneath.
Ecosystem
Designed to work with the fund ecosystem
Tokeniser is designed to connect into existing fund structures and service provider relationships.
The parties you work with
Fund managers
Trustees and responsible entities
Custodians
Banking and payments partners
Advisers, platforms, distributors and approved venues
You
Fund administrators
You keep the client relationships, the service model and the obligations you hold today.
Registry, investor identity and digital asset infrastructure, underneath all of it.
Keep the relationships and legal structures that already work. Modernise the infrastructure connecting them.
The broader tokenisation market movements
A$24bn p.a.
Potential Australian economic gain from digital finance
Across better markets, payments and assets.
Source: DFCRCUS$1.98bn
Franklin Templeton BENJI AUM
AUM across Franklin Templeton's tokenised money market fund suite as at 29 April 2026.
Source: Franklin Templeton+140%
Growth in BENJI investors
Investor numbers increased by more than 140% from April 2024 to March 2026.
Source: Franklin TempletonFAQ
Common questions from fund administrators answered.
No. Tokeniser can support new funds, feeder structures, staged transitions and migrations of existing funds, depending on the manager's objectives and regulatory setting.
No. Tokeniser can enable controlled transfers and connectivity to liquidity and financing infrastructure. Actual market liquidity depends on the fund, underlying assets, investor demand and regulatory setting.
Yes. Administrators can use Tokeniser interfaces or integrate Tokeniser underneath existing portals, workflows and systems through APIs.
No. The digital infrastructure can be abstracted from the investor experience. The administrator and manager can choose how much of the underlying technology is exposed to investors.
Suitable fund units can be configured to support collateral, borrowing and other protocol finance capabilities. These features should be enabled only where appropriate for the fund and its investors.