Case Title
Tokenized Cash Flows: Digitalizing Contractual Rights
1. Scenario
- Client Archetype: Services company with recurring contracts.
- Sector: B2B Services / Facility Management.
- Operation Vector: Spain (Financial Innovation).
2. The Strategic Challenge
A facility management company with long-term contracts with large corporations had predictable revenue streams but needed liquidity in order to expand. It did not want to sell the company or take on debt, and was looking for a way to partially monetize its future contractual cash flows while retaining operations and control.
3. The META Channel Solution Architecture
TokenLab was activated to structure the tokenization of rights over future contractual cash flows. The operation was designed under the MiFID II framework as participations in revenue streams, defining the issuing vehicle, the regulatory documentation and the complete technical architecture for issuing and managing the tokens.
4. Ecosystem Orchestration: Layers in Action
Layer 5 (Substantive Legal), led by META Channel, structured the tokenized rights linked to specific contracts with corporate clients. Layer 4 (Technological) developed the smart contract with automatic distribution of payments to token holders, while Layer 2 (Reference Partners) coordinated the valuation of the cash flows and the process of distributing the issue among qualified investors.
5. META Channel Category
TokenLab. Structures the tokenization of rights over future contractual cash flows under the MiFID II framework, developing smart contracts with automatic distribution of payments.
6. Strategic Capabilities Deployed
- ☐ Institutional Connection
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☑ Global Regulatory Strategy
Design of the operation under the MiFID II framework as participations in revenue streams, with complete regulatory documentation.
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☑ Implementation and Technology
- ☐ Mode A: Implementation of Existing Platforms
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☑ Mode B: Custom Development (Bespoke Software)
Development of a smart contract with automatic distribution of payments to token holders.
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☑ Global Law and Comprehensive Legal Advisory Services
Structuring of the tokenized rights linked to specific contracts with corporate clients.
7. Key Results
- Tokenization architecture completed in 3 months.
- 1.8 million euros raised from qualified investors.
- The company obtained liquidity with neither debt nor dilution.
- Replicable model for future liquidity needs.
