Limen
A tokenised institutional real-estate platform on ERC-3643 security tokens — for real-estate portfolios and family offices. Standing start to functioning platform in five months.
Limen
Bringing institutional real estate on-chain as compliant security tokens — where the hard part isn't the token, it's the compliance, custody and identity around it.
Context
I founded the company and led a four-person team as CTO, learning the tokenised-securities and compliance domain from a standing start and reaching a functioning institutional platform in five months — then transitioned to an advisory role pre-launch.
What I built
- Architected and built the platform end to end: a tokenisation engine, automated regulatory compliance, MPC custody and KYC.
- Commissioned and passed security code audits with Halborn.
- Raised $50M in debt financing from Apollo to fund the platform's real-estate strategy.
- Secured the first two institutional clients — real-estate portfolios and family offices — before launch.
How it's built
Security tokens follow the ERC-3643 (T-REX) permissioned-token standard, so transfer eligibility is enforced on-chain against an on-chain identity registry — only KYC'd, whitelisted holders can ever receive a token. Custody uses multi-party computation rather than single-key wallets, removing any single point of compromise. A compliance layer automates the jurisdiction rules, investor caps and lock-ups that a SOCIMI-style institutional structure demands, and the KYC pipeline gates onboarding before any allocation.
The result is a system where regulatory correctness is a property of the code, not a manual process bolted on afterwards — which is exactly what a Halborn audit and an Apollo credit committee want to see.
Outcome
A compliant, audited, institution-ready platform with committed debt capital and signed clients before it ever went live.
Core feature
A compliant security-token console — the ERC-3643 holder registry with KYC-verified, jurisdiction-gated transfer eligibility, NAV and issued supply, and the compliance rules (lock-ups, transfer restrictions) enforced on-chain.
| Holder | KYC / identity | Juris. | Balance | % | Transfer |
|---|---|---|---|---|---|
|
MPMeridian Pension Fund
0x3F9a…7bD2
|
KYC-VERIFIED | DE | 412,500 | 27.9% | |
|
ACAldgate Capital SICAV
0xB71c…09Fa
|
KYC-VERIFIED | LU | 318,000 | 21.5% | |
|
RVRivera Family Office
0x5D2e…A4c8
|
KYC-VERIFIED | ES | 265,400 | 17.9% | |
|
NHNorthbridge Holdings
0x9A0f…E11b
|
KYC-VERIFIED | IE | 184,700 | 12.5% | |
|
KVKestrel Ventures LP
0x2C88…36dA
|
REVIEW · LOCK-UP | DE | 99,400 | 6.7% |