Real-world assets
ALTXRA
The Alternative Infrastructure Ownership Network
ALTXRA exists because of a gap that is easy to describe and hard to close. A school, a stadium, a block of student housing or a clinic has a long life, a contracted tenant and cash flows you can model. What it does not have is a structure institutional money recognises. It is too capital-hungry for the community that needs it and too small for the mandates that could fund it.
The answer ALTXRA is building puts each asset into its own ring-fenced, bankruptcy-remote special purpose vehicle in ADGM. Ownership is issued as permissioned certificates from US$100, and the claim attaches to the building rather than to the platform. That last point matters more than the technology: the structure is designed so an investor's position survives ALTXRA itself.
AI does two jobs here, both narrow. It supports valuation, and it supports pricing on the secondary side. Neither is autonomous. Every outcome carries a named human signature, which is both a regulatory requirement and a deliberate design choice.
The company is pursuing full incorporation and authorisation from the Financial Services Regulatory Authority in ADGM rather than a lighter regime. That is a slower and more expensive path, chosen because the platform economics depend on operating the trading venue directly rather than renting access to someone else's.
- Status
- Pre-incorporation, pre-licence, pre-revenue
- Jurisdiction
- ADGM, Abu Dhabi — FSRA authorisation being sought
- Structure
- One asset, one ring-fenced SPV
- Target net yield
- 6 to 8 per cent