Services company with recurring contracts · B2B services / Facility management · Spain
The challenge
Long-term contracts with large corporations gave this facility management company predictable revenue, but it needed liquidity to grow. It did not want to sell the business or take on debt. It was looking for a way to monetise part of its future contractual cash flows without giving up the business or control of it.
What we did
- Through TokenLab, we structured the tokenisation of rights over the cash flows from specific contracts with corporate clients, as interests in revenue streams under the MiFID II framework. We defined the issuing vehicle and the regulatory documentation and, with lawyers from our network, the legal structure of the tokenised rights.
- We developed a bespoke smart contract that automatically distributes payments to token holders.
- A partner from our network valued the cash flows and coordinated the distribution of the issue among qualified investors.
The outcome
- Tokenisation completed in 3 months.
- €1.8 million raised from qualified investors.
- Liquidity with neither debt nor dilution.
- A model the company can repeat whenever it needs liquidity again.
Services involved: TokenLab · Global Regulatory Strategy · Implementation and Technology (bespoke development) · Global Law and Integrated Legal Advisory.
