Investor Deck · 2026

Torque mark Torque
Global Infrastructure for Tokenized Assets

White-label, debt-native tokenization infrastructure - issuers launch a regulated, on-chain product on their own brand and rails. Bookbuilding, escrow settlement, KYC/KYB, lifecycle servicing, and partner distribution out of the box.

StageSeed Extension · 2026
SectorRWA / Fintech Infra
CoverageSwiss DLT Act · MiCA · Reg D/S
Contactvlad@torque.global+1 609 733 7724
Torque · Global Infrastructure for Tokenized Assets

The Problem

Tokenizing real-world assets is still a custom build - and rigid platforms force the business to bend to the platform.

Every successful RWA operator - RealT, Lofty, Centrifuge, and the long tail of single-issuer platforms - rebuilt the same plumbing in-house. The few "generic" SaaS attempts lost because the asset-servicing layer is deeply tied to the asset type. The result: a multi-trillion-dollar opportunity gated by infrastructure that doesn't exist as a product.

1

Tokenization is built, not bought

$1–3M and 9–18 months per launch - SPV, KYC, escrow, cap table, distributions, reporting all rebuilt from scratch by every issuer.

2

Compliance is bolted on, not designed in

KYC, accreditation, sanctions, Reg D / Reg S / MiCA / Swiss DLT Act stitched together from vendors. Gaps create regulatory risk; integrations create drag.

3

Tokens that aren't real legal claims

Most on-chain "RWAs" have no enforceable wrapper - no SPV, no security agent, no ISIN, no protocol-level transfer restrictions. Institutions can't touch them.

4

Generic platforms force the business to adapt

Every issuer's business is unique at the layer that matters - waterfalls, covenants, distribution logic. Rigid platforms either ignore those differences or pretend they don't exist. Both lose the deal.

There's a reason there's no "Stripe for tokenization" yet - every previous attempt assumed asset servicing could be generic. It can't.

Torque · Global Infrastructure for Tokenized Assets

Solution · 1 of 3 · Wedge

Now · WedgeWhite-label, debt-native issuer platform
Next · PlatformMulti-issuer SaaS, shared distribution
Vision · ProtocolOpen compliance layer for RWAs

A debt-native issuer platform you launch in weeks - on your brand, your rails, your data.

One institutional issuer at a time. Pre-structured legal wrappers, compliance enforced inside the token, full lifecycle from bookbuilding through maturity. We stay invisible underneath. This is what pays the bills today and proves the foundation works.

1

Debt-native, not generic

Swiss DLT Act Token, Reg D / Reg S, MiCA-style debt configured per deal - ISIN, security-agent, Swiss arbitration with New York Convention reach. No bespoke legal-tech glue.

2

Compliance is in the token

KYC, KYB, accreditation, and wallet whitelisting enforced inside the contract (CMTA-aligned). Coupons and maturity reach only currently-eligible holders - unauthorized transfers can't land.

3

White-label everywhere

Your domain, your investor data, your custody choices, your partner book. Same machinery for corporate bonds, trade finance, private credit, and real-estate-backed loans.

Shipped on this stack before: unFederalReserve ran $550M peak TVL of regulated on-chain credit. The foundation is audited and live - issuer #1 launches in weeks, not quarters.

Torque · Global Infrastructure for Tokenized Assets

Solution · 2 of 3 · Platform

Now · WedgeWhite-label, debt-native issuer platform
Next · PlatformMulti-issuer SaaS, shared distribution
Vision · ProtocolOpen compliance layer for RWAs

The same machinery, productized for many issuers - recurring software revenue, shared distribution.

Each new issuer reuses ~80% of the infrastructure built for the last one. Custody connectors, KYC providers, settlement chains, and partner venues become a shared network, not a per-deal rebuild. The marginal cost of issuer N+1 trends toward zero. This is where the unit economics turn into a software business.

1

Shared infrastructure

Custody, KYC, payments, multi-chain settlement reused across the portfolio. Adding a stablecoin or jurisdiction is a configuration step - not a rebuild. Compounds with every new issuer.

2

Shared distribution

One partner integration (yield vault, registered ATS, distribution bank) becomes a channel for every issuer on the platform. Liquidity becomes a configuration, not a fundraise.

3

SaaS economics, not services

Per-issuer subscription plus bps on AUM / volume. Gross margin tracks toward 70-80% as the shared substrate carries more deals. Equity in early portfolio issuers is upside, not the model.

Industry benchmark: RWA issuers typically spend $1-3M and 9-18 months reinventing the same stack - SPV, KYC, compliance, distributions, reporting. On our platform, issuer N starts from the asset, not the foundation. That's the gap we monetize.

Torque · Global Infrastructure for Tokenized Assets

Solution · 3 of 3 · Protocol

Now · WedgeWhite-label, debt-native issuer platform
Next · PlatformMulti-issuer SaaS, shared distribution
Vision · ProtocolOpen compliance layer for RWAs

The compliance primitives every RWA app needs - made open and composable.

Identity attestations, transfer-rule enforcement, jurisdictional gating, and accreditation proofs exposed as standards-aligned primitives (ERC-3643, CMTA, ONCHAINID) any developer - or AI agent - can compose. Distribution venues, secondary markets, structured-product apps, and autonomous agents transact on top without re-doing KYC or re-implementing transfer rules. The platform funds the protocol; the protocol defends the platform.

1

Compliance as a primitive

On-chain attestations issuers and venues verify without re-running identity. Eligibility checks become a contract call, not a vendor integration. Re-usable across every issuer and every chain.

2

Open for builders & agents

Reference SDKs, audited contracts, public ABIs + an MCP server so AI agents transact directly on the platform - subscribe, settle, allocate - within compliance rules they can't violate.

3

Network effects compound

Every new issuer, venue, custodian, wallet, and autonomous agent that integrates makes the next integration cheaper. Compliance becomes the moat, not the friction.

Agent-native commerce

Our MCP server (planned) exposes the compliance layer as a tool surface for AI agents — Claude, GPT, agent frameworks. Agents can discover, subscribe to, and settle tokenized debt automatically, gated by the same on-chain transfer rules that bind human investors. RWAs become the first asset class agents can transact natively, with compliance enforced at the protocol level.

There's no "Stripe for tokenization" yet because no one built the compliance primitives first. We do - and the next buyer of those primitives is an autonomous agent.

Torque · Global Infrastructure for Tokenized Assets

Market Size

Even the conservative case is a 60× expansion. The aggressive case is the next financial-market rail.

The RWA market has moved from "if" to "who builds the rails." Live on-chain tokenized assets crossed ~$30B in Q2 2026 (+30% QoQ), with private credit, US Treasuries, and commodities already real, revenue-generating asset classes. Forecasts diverge because each firm measures something different - but every credible 2030 estimate is at least 60× today.

Today · On-chain ~$30B Public-chain RWAs, Apr 2026 · rwa.xyz
Tokenized Treasuries $12.8B ~½ of on-chain market
Tokenized Private Credit $16.8B Largest asset class
Commodities (Apr 2026) $7.3B +289% in 2025
McKinsey · 2024 $2T by 2030 · base case ($1–4T range)

Conservative floor. Excludes stablecoins and CBDCs. Treasuries, private credit, and trade finance lead.

coindesk.com · McKinsey base case
Citi GPS · 2023 $5T by 2030 · securities + trade finance

$4–5T tokenized digital securities + $1T DLT trade finance. 80× growth in private markets.

citigroup.com · Money, Tokens, Games
BCG + Ripple · 2025 $9.4T by 2030 · ~$19T by 2033

Updated demand-side forecast for tokenized RWAs across debt, real estate, and private credit.

ledgerinsights.com · BCG + Ripple
Std Chartered + Synpulse $30T by 2034 · all tokenized assets

Bull case. Trade finance alone = $4.8T (16% of total). Closes today's $2.5T trade-finance gap.

sc.com · Std Chartered + Synpulse

Range spans 15× across credible firms - but the floor is still a 60× expansion from today. Whoever owns the issuer-side infrastructure captures fees across every asset class on every chain.

Torque · Global Infrastructure for Tokenized Assets

Business Model

License software today. Subscribe tomorrow. Tax the protocol when the network is large enough to matter.

Three revenue streams, layered as the network compounds. Each one defends the next: software revenue funds the build, SaaS economics turn the build into a P&L, protocol fees become the long-tail layer once issuers, venues, and apps are already integrated. We've been running the first stream informally for years - this raise productizes it and seeds the next two.

Now · Wedge

License & implement

Institutional issuers buying a regulated, branded debt platform on our stack.

  • Implementation$200K – $1.5M / issuer
  • Annual infra license$100K – $300K / yr
  • Equity grant2 – 5% in early issuers
Gross margin50 – 60%
Next · Platform

Multi-tenant SaaS

Productized issuance - issuer N+1 reuses ~80% of the substrate, pays for differentiation only.

  • Per-issuer subscription$50K – $200K / yr
  • AUM fee5 – 25 bps
  • Distribution shareRev-share w/ partners
Gross margin70 – 80%
Vision · Protocol

Network fees

Any RWA app touching the compliance layer - issuers, venues, secondary markets, structured products.

  • Per-transfer fee1 – 5 bps
  • Attestation / verifyPer-call micro-fee
  • Secondary trade1 – 3 bps via venues
Gross margin85%+
Payback per issuer6 – 12 moon implementation revenue alone
Substrate reuse~80%carries from issuer N to N+1
Margin trajectory50% → 85%+as streams stack
Equity flywheel2 – 5%per early issuer · uncapped upside

Track record on this exact model - fractional-CTO + equity into unFederalReserve ($550M peak TVL · regulated on-chain credit). The equity stream isn't theoretical: the same playbook now applies to every issuer onboarded onto the platform.

Torque · Global Infrastructure for Tokenized Assets

Validation & Pipeline

Pre-revenue by design. The stack already ran $550M on-chain - and the first issuer cohort is at the table.

We are pre-revenue, pre-TVL, and pre-issuer #1 - and we won't pretend otherwise. What's de-risked is the hard part: the team has shipped a regulated on-chain credit product at scale on this exact architecture. What this round funds is converting the conversations into the first three issuers live.

Already Shipped · On This Stack

The platform isn't a deck - it ran a regulated credit product at scale.

  • unFederalReserve · $550M peak TVLOn-chain regulated credit · live · same architectural pattern
  • Compliance primitives in productionERC-3643 / CMTA-aligned · audited contracts
  • Multi-chain settlement liveEthereum · Base · Polygon · USDC/EURC + bank-rail fallback
  • Legal wrappers ready per jurisdictionSwiss DLT Act · Reg D / Reg S · MiCA-style debt
Active Pipeline · Under NDA

Anchor: Top-10 global asset manager in exploratory conversation.

  • Top-10 global asset manager · $1-2T AUMInitial / exploratory calls · tokenized debt scoping · NDA in place
  • Additional inbound interestEarly-stage conversations across debt, credit, and real-estate verticals
  • Cohort buildout funded by this roundSales motion, BD, and legal - the engineering is done
  • Reference-checkable on requestCounterparty names and stages shared under NDA
Foundations · Non-Obvious Traction

The boring work that lets issuer #1 launch in weeks, not quarters.

  • Legal opinion templates readySwiss arbitration enforceable across 168+ jurisdictions (NY Convention)
  • Distribution channels pre-wiredPartner APIs for stablecoin yield vaults & registered ATSs
  • KYC / KYB / accreditation rails livePersona, Sumsub, Onfido · in-contract enforcement
  • Regulatory dialogue openSwiss DLT Act + MiCA aligned recordkeeping from day one
Active counterparties 4-6
Anchor counterparty AUM $1-2T
Target · Issuer #1 live Q1 2027
Target · 3 issuers live Q3 2027

What this round funds isn't proving the technology - it's converting the pipeline. The stack is the same one that ran $550M on-chain. Issuer #1 is a sales cycle, not an engineering project.

Torque · Global Infrastructure for Tokenized Assets

Go-to-Market · 1 of 2 · Inbound

Anchors fund the build. AI-discoverable docs do the prospecting. CAC is near-zero before sales even starts.

The first two channels are structurally zero or negative CAC. Anchor partners pay us to onboard them, and AI assistants scaffold production builds on our stack with no human in the loop. We don't outspend incumbents - we don't have to.

Channel 1 · Anchor co-build

One flagship per asset class - the anchor pays for the build and brings their network.

  • Taho · fund management - anchor #1Prototype shipped · MVP target Jun 2026 (4-6 weeks) · flagship for fund-management asset class
  • Gold tokenization - anchor #2Partner scoping in progress · target build start Q3 2026 · MVP Q1 2027 · commodities asset class
  • Anchor modelPartner funds the build → effective CAC is negative on day one · reference + referral compounds across LPs and cap table
  • Target: 3 anchors / 18 monthsOne per asset class (fund mgmt · commodities · private credit / real estate next)
Channel 2 · AI-native: builders & agents

AI assistants scaffold platforms on our stack today. Tomorrow, agents transact on it directly.

  • llms.txt - live todayPublished · Claude, GPT, Cursor parse our SDK natively and recommend it for RWA builds  [link: TBD]
  • MCP server - plannedAgents discover, subscribe to, and settle tokenized debt directly · compliance enforced on-chain · agent-native commerce for RWAs
  • Self-serve funnel: sandbox → MVP → platform$0 sandbox · $200-300K MVP · $1.2-1.8M full platform · same funnel for human and agent buyers
  • CAC ≈ $0Content + protocol investment, not paid acquisition · the AI is the SDR and the buyer
Anchor CACNegativepartner pays for build
AI-funnel CAC≈ $0docs are the funnel

What this means: by the time we book a "sales call," the prospect already understands the product. The funnel has done the work - the AI is the SDR; the anchor is the case study.

Torque · Global Infrastructure for Tokenized Assets

Go-to-Market · 2 of 2 · Closing

Partner integrations cross-refer for free. Founder-led sales closes the tier-1 tail at < 10% CAC.

Once a deal is in motion, the closer is either a partner integration that already trusts our compliance layer, or the founder for the tier-1 long tail. Both channels compound: integrations are one-time builds; founder relationships seed the next anchor.

Channel 3 · Partner / ecosystem referrals

Each integration is built once and cross-refers deals forever.

  • KYC / KYB railsPersona, Sumsub, Onfido · co-marketing channels into RWA issuers
  • Custody & settlementFireblocks-class custody, USDC/EURC issuers, multi-chain bridges
  • Distribution venuesStablecoin yield vaults, registered ATSs · they bring the buyers
  • Per-deal marginal CAC → 0Integration is a one-time build; referrals compound
Channel 4 · Founder-led enterprise

Tier-1 issuers buy from the founder, not a sales rep.

  • TargetsTop-10 asset managers · EU private-credit funds · US RE sponsors
  • Sales cycle · 6-12 monthsLong, but $1M+ first-year ACV justifies founder time
  • 1 enterprise BD hire post-raiseScales founder reach without rebuilding the trust model
  • Loaded CAC < 10% of ACVImplementation revenue covers most of the customer cost
Partner CAC~$0 / referralpost-integration
Enterprise CAC< 10% ACVfounder-led, 1 BD hire

The unfair part: every other RWA platform sells one motion. We compose four - and the AI-docs channel is still mispriced by the market for now.

Torque · Global Infrastructure for Tokenized Assets

Competitive Landscape · 1 of 2 · Matrix

Multi-asset platforms exist. Debt-native, white-label, configurable infrastructure doesn't.

The category is led by Securitize ($4B+ AUM, BlackRock BUIDL anchor) and Tokeny ($3B+ on-chain, ERC-3643 inventor, now part of Apex Group). Both are real. Neither is debt-native; neither leaves the issuer in control of their data; neither bends to the issuer's business. Centrifuge owns the private-credit slice. For everyone else, the default is a $1-3M in-house build.

Capability
TorqueDebt-native white-label
Securitize$4B+ AUM · #1
Tokeny (Apex)$3B+ · ERC-3643
CentrifugePrivate credit only
In-house buildThe real default
Debt-native specializationSwiss DLT Act · MiCA · Reg D/S
✓CorePre-structured wrappers per deal
~AdaptedEquity/fund-first (BUIDL = fund)
~Multi-assetNot debt-specialized
✗Credit onlyPool-based, DeFi-native
~You build it12-18 months legal-tech work
White-label · issuer owns dataRegistry, brand, partner book
✓FullYour tenant, your registry
✗Venue-lockedSecuritize Markets ATS
~SaaSApex Group fund-admin tie
✗ProtocolCentrifuge-branded pools
✓By defaultYou own everything you build
Compliance in the tokenIn-contract enforcement
✓In-tokenERC-3643 / CMTA-aligned
✓DS ProtocolSecuritize-proprietary
✓ERC-3643Co-authored the standard
~Pool-levelNot per-token transfer rules
~If you build itAdd $300K-$800K & 6 months
Configurable per issuerWaterfalls, covenants, distributions
✓Per-dealThe business is the input
✗Fixed workflowIssuer adapts to platform
~TemplatedWithin the ERC-3643 mold
✗One pool modelNot multi-vertical
✓TotalBut you wrote every line
Time / cost to launch issuer #1From contract to live token
✓Weeks · $Implementation + subscription
~Quarters · $$Onboarding into Securitize stack
~Quarters · $$EU-onboarded via Apex
✗N/ANot an issuer platform
✗9-18 mo · $1-3MThe industry default

Five rows. Only one column shows green across all of them. Multi-asset platforms exist — debt-native, white-label, configurable infrastructure doesn't.

Torque · Global Infrastructure for Tokenized Assets

Competitive Landscape · 2 of 2 · Where We Win

Three orthogonal differences. No competitor sits in all three quadrants at once.

The matrix tells the story row-by-row. Here's the synthesis - what each part of the market actually owns, where we sit, and (most importantly) who we're actually competing against in any given deal. Hint: it's not Securitize.

What incumbents ownSecuritize + Tokeny own the equity / fund tokenization market and have institutional anchors (BlackRock, KKR, Apex). We are not contesting that wedge - we're below it, in the debt-native lane they don't specialize in.
Where we winDebt-native instruments. White-label tenant ownership. Configurable per-issuer business logic. Three orthogonal differences - no competitor sits in all three quadrants at once.
The real defaultMost issuers don't choose between us and Securitize. They choose between buying our platform or building it themselves in 12+ months for $1-3M. That's the comparison we win.

Incumbents have AUM. We have the only stack that is debt-native, white-label, and configurable per issuer. Both can be true at the same time.

Torque · Global Infrastructure for Tokenized Assets

Team

Already shipped this once at $550M TVL - and advised by the founder of the largest comparable in the category.

We aren't pitching an idea - we're productizing a stack we've already operated at institutional scale. The founders ship; the partner is the anchor customer; and the advisor bench is the people who actually built the category we're entering. The execution risk on this raise is the part that's already solved.

Founder & CEO

Vlad Tarasenko

Architect and operator of the unFederalReserve stack at $550M peak TVL - regulated on-chain credit, in production. Engineering-led founder; ships product, not org charts.

linkedin.com/in/vladyslav-tarasenko
Co-founder · [role TODO]

Christopher Wade

[TODO: 1-line unfair advantage - prior senior role, domain depth, or institutional relationship that nobody else on a comparable team has.]

linkedin.com/in/currentintech
Co-founder · [role TODO]

Iryna Maksimova

[TODO: 1-line unfair advantage - likely product, compliance, or operations leadership; specify what she's shipped before that maps to this stack.]

linkedin.com/in/imaksymova
Partner · Anchor #1

Jay Danzer

Building Taho fund-management - anchor #1 on the platform. Brings the asset class, the LP relationships, and the validation that the build works for a real institutional buyer.

linkedin.com/in/jay-danzer
Advisors
Carter Malloy

Founder & CEO of AcreTrader - the largest tokenized-farmland platform in the U.S. Brings the playbook for institutional RWA distribution and the cap-table network that built the category.

linkedin.com/in/carter-malloy
Eric Anton

[TODO: prior senior role + why his angle helps - institutional capital markets? real-estate finance? compliance/legal? Use the angle most relevant to issuer-side credibility.]

linkedin.com/in/eric-anton
Already shipped$550M TVLon this exact stack
Anchor in the teamTaho · livenot a "hopeful" pipeline
Advisor pedigreeAcreTrader CEObuilt the category we're entering
Execution riskSolvedcapital funds GTM, not R&D

The pattern investors should notice: founder has done it · partner is on the cap table · advisor built the comp. Each leg removes a different category of risk.

Torque · Global Infrastructure for Tokenized Assets

The Ask · 1 of 2 · Round

$3M seed extension to compound what we've already built. Bootstrapped to here - raising for acceleration, not survival.

We've self-funded this stack to a working anchor build (Taho), a live AI-discoverable developer funnel, and a pipeline of 4-6 institutional conversations. The team has been together 5+ years; relationships across traditional finance opened the door to the first cohort. The hard part - execution - is the part bootstrapping has already proven. This raise buys 12-15 months to convert the pipeline before Series A.

Round
$3M
Seed Extension · SAFE or priced equity
  • Runway12-15 months
  • Lead check size$1-1.5M
  • Strategic seats1-2 reserved
  • Next round$7-10M Series A · 2027
Use of funds
  • 65% · GTM & first issuersBD lead hire · close Taho MVP → 2-3 issuers live · Year-1 implementation team
  • 20% · Platform R&DMulti-tenant SaaS substrate · early protocol primitives · second-chain support
  • 10% · Compliance & legalMiCA + Swiss DLT wrappers · security audit · regulator dialogue
  • 5% · Reserve / opportunisticBridge capital, strategic hires of opportunity

Bootstrapped to here. $3M is what it costs to convert four pre-wired channels (Taho anchor · AI-native funnel · partner referrals · founder-led) into the first 2-3 paying issuers - and the reputation that triggers Series A.

Torque · Global Infrastructure for Tokenized Assets

The Ask · 2 of 2 · Milestones

5 milestones, 18 months - the Series A trigger by Q2 2027.

Every dollar in this round is underwritten against a dated, measurable deliverable. The conversion event is 3 issuers live + a published security audit - at which point the reputation case writes itself and the Series A is funded by traction, not promise.

Milestones this round unlocks
Jun 2026Taho MVP liveAnchor #1 (fund mgmt) in production · first revenue moment
Q3 2026Gold partner in build · First $ ARRAnchor #2 (commodities / gold) scoped & building · Taho subscription booked
Q4 2026Issuer #1 (non-anchor) liveProof the platform sells beyond the founding network
Q1 2027Gold MVP live · Anchor #2 in productionSecond asset class shipped · validates wedge → platform thesis
Q2 20273 issuers live · audit publishedSeries A trigger · reputation case writes itself
What we want from a lead beyond capital: a partner whose network compounds with the check - institutional issuer introductions, regulatory navigation, and category co-marketing. At this stage, the network compounds faster than the dollars.
Contactvlad@torque.global
Data roomOn request
MaterialsTechnical deep-dive · financial model · pipeline detail
Torque · Global Infrastructure for Tokenized Assets