Ctrl Alt, a tokenisation infrastructure provider, has successfully secured direct authorisation from the UK Financial Conduct Authority (FCA) to provide regulated investment services.
The regulatory milestone places Ctrl Alt Ltd—a subsidiary of Alt Ltd—on the FCA’s official register under the UK framework for investment firms. Previously, the company operated as an Appointed Representative. Now, with its own direct FCA authorisation, Ctrl Alt can operate independently under its own regulatory permissions and oversight.
Expanding digital capital markets
The newly acquired authorisation enables the firm to expand its digital capital markets services, specifically supporting the end-to-end lifecycle of tokenised assets. This allows Ctrl Alt to enhance its offerings and deliver innovative, compliant solutions for the alternative asset space.
Since its founding in 2022, the firm has already tokenised over $1.2billion in assets, spanning sectors such as real estate, private credit, funds, and commodities.
Matt Ong, CEO and founder of Ctrl Alt, emphasised the importance of the approval for both the company and the broader UK financial landscape.
“This authorization is an important step for Ctrl Alt and for financial innovation in the UK as a whole,” Ong stated. “It allows us to continue expanding our tokenization capabilities and support the development of more efficient and accessible financial markets.”
He added: “At a time when UK-based firms are relocating abroad, we are focused on strengthening London’s position as a global hub for digital capital markets and delivering the tokenization infrastructure that will drive the next generation of financial innovation.”
Collaborating with the Bank of England
The FCA approval arrives amidst Ctrl Alt’s ongoing participation in key strategic initiatives led by the Bank of England.
The firm is currently involved in the Digital Securities Sandbox, exploring the use of its tokenisation infrastructure for the issuance, trading, and settlement of securities. Additionally, Ctrl Alt is participating in the Bank of England’s Synchronisation Lab, where it is actively testing synchronisation capabilities alongside the Bank’s renewed real-time gross settlement service.
According to Ctrl Alt, this latest FCA milestone cements its position as a central participant in the UK’s evolving financial ecosystem, allowing for continued collaboration with governments, regulators, and financial institutions to advance the mainstream adoption of tokenised markets.
