One connection to Europe's digital capital markets.

Pontes is live. Digital securities now settle in central bank money.

Shares, bonds and fund units are moving onto Europe's licensed digital registers. TokenWay connects the institutions that issue, sell and service them to those registers, through one API. Connect once, and reach the registers we connect without integrating and maintaining each one yourself.

Why now

Europe is going digital. From national law to central bank money.

Country by country, Europe has created licensed digital registers by law, then an EU regime above them, and now settlement in central bank money. Shares, bonds and fund units are moving onto these registers, and the entry in the register is the security itself. Every layer is in place. The connections between them are missing.

2017 to 2023National law

A digital register entry is the security itself.

LuxembourgGermanyFranceSpainItaly
2023EU regime

Issuing, trading and settlement of digital securities across 27 countries.

DLT pilot regime
2026Central bank money

The Eurosystem's Pontes settles digital securities in central bank money. Venues that settle through it are on our connection plan.

Pontes, live since 21 September 2026
White paper

The case for one connection.

Why a digital securities industry is forming in Europe, what the law says country by country, what the largest houses have already issued, and why the connections between them are still missing. Written for an institutional reader, with a source for every claim.

Request the white paper
Introducing DLTBridge

One API. Europe's digital capital markets.

Digital securities live on registers and venues, in several countries, each on its own technology, with its own interface and its own message format. We hold the adapters and keep them current. A client integrates once and reaches each connected register in one message format, including registers connected after them. The technical complexity stays with us, so our clients stay on their business. Select your side of the market.

DLTBRIDGEOne connection

Banks, brokers and investment platforms
A bank or broker
A bank

Holds the client relationship and the distribution agreement.

HELD · READ BACK FROM THE REGISTER
DLTBRIDGEOne connection
Registers and venues
LuxembourgRECORDED
Germany
Czech Republic
Lithuania
Your clients
A client subscribes. One instruction leaves the bank.
The problem today

A new digital product means a new integration, a new project and a new budget line, every time.

With DLTBridge

One connection, and each product on a connected register is one instruction away.

Key benefits
  • New products without a new project
  • Same app, same onboarding, same team
  • The next register on the same connection

Tell us the product you want to offer.

We come back with what it takes on your side.

Transfer agents, administrators and depositaries
A servicing partner
A transfer agent

Reads the register for the funds it services.

Bank A · subscription recordedBank B · redemption recordedPositions at 30 June · exported, signed
READ ONLY · YOUR FUNDS
DLTBRIDGEOne connection
Registers and venues
LuxembourgRECORDED
Germany
Czech Republic
Lithuania
A bank writes a subscription into the fund's register.
The problem today

Each distributor sends its own file, and your day ends with reconciling copies of one record.

With DLTBridge

The bank writes the subscription into the fund’s register; you read the same record, under your own credentials.

Key benefits
  • One record, no second copy
  • Proof at any date, exported and signed
  • One read-only view across registers

Tell us the fund and your role.

We come back with what the read-only view shows.

Issuers and fund managers
An initiator
A company
or a city

Decides the instrument to bring to market.

ON THE REGISTER
DLTBRIDGEOne connection
Registers and venues
Luxembourg
GermanyRECORDED
Czech Republic
Lithuania
Investors
You decide the instrument to bring to market.
The problem today

Issuing digitally costs less and settles faster. But digital registers are not connected to the banks, brokers and platforms that reach investors.

With DLTBridge

Your issue is recorded on a licensed digital register, and the banks, brokers and platforms on the connection sell it to their clients, across markets.

Key benefits
  • Fewer intermediaries, designed to cost less
  • Any size, any structure, one issue or a programme
  • Distribution through the channels your investors already use

Tell us what you want to raise.

We map the register and the distribution before you decide.

Registers and venues
On the connection
Bank AREACHES YOU
Bank BREACHES YOU
Broker CREACHES YOU
Platform DREACHES YOU
More to come
DLTBRIDGEOne connection
A register
You

Holds the licence and the record. Keeps its own interface and its own format.

You show us your interface once. We build the adapter.
The problem today

Each bank you want on your register is an integration you have to sell and build.

With DLTBridge

You show us your interface once; the banks on the connection reach you through it.

Key benefits
  • Distribution without building it
  • Your interface and format stay
  • Nothing changes on your side as more connect

Show us your interface.

We come back with the banks and issuers it would reach.

Register or venueWhereLegal basisCurrency

We name a partner once it has agreed to be named.

Security and compliance

Built for compliance.

Regulated activity stays with the licensed party. DLTBridge passes and normalises instructions between licensed parties. The instruction is the licensed party's own, sent under its own credentials, with DLTBridge as its ICT provider. We do not become a party to the transaction, and nothing regulated leaves licensed hands.

No client moneyCash settles between the licensed parties, as today.
No client assets, no private keysThe register keeps the record. The keys are not ours.
No regulated activity on our sideDLTBridge performs no regulated activity of its own. It sits inside your outsourcing and ICT framework, and we bring our written position and the documents to test it.
Know your client stays with the licensed partiesThey onboard, screen and monitor their own clients, exactly as they do today. The relationship, and the data behind it, stay theirs.
No exclusivityAn early partner is not locked in.
DORA

In scope as an ICT third party provider: contracts, logging, incident reporting and exit terms. One file, not one per register.

ISO/IEC 27001

Information security run as a management system, control by control. We are not certified, and we will say so until we are.

Logging and review

Each instruction in and out is logged. Information security is designed with a specialist independent of the build.

Documentation

For your risk team.

Our Integrated Management System Policy is public. The architecture note, the ICT third party file and the full policy set are available on request.

How to start

Ready for testing.

We are ready for testing with institutions. Four steps, one integration on your side.

Step 1A first call

Thirty minutes. Bring one product that is stuck.

Step 2Technical assessment

Your systems, your instruments, the registers you need.

Step 3Documentation

The specification for your case.

Step 4Test environment

Your test system on our connection.

Start with a thirty-minute call.

No decision needed. We take it from there.

FAQ

Frequently asked questions.

What is a licensed digital register?

A register kept under national law in which the entry is the security itself. Shares, bonds and fund units can be issued and held there without a paper certificate. Several European countries have created them, each under its own law and each with its own technology. Alongside them, the EU pilot regime licenses trading and settlement venues that keep the same kind of record on distributed ledger technology. We connect to both, and we call them registers and venues.

Is this crypto?

No. The instruments are ordinary securities: shares, bonds and fund units, issued under national law, with the same rights and obligations as their paper equivalents. What changes is where ownership is recorded. The registers use distributed ledger technology, and German law calls one class of these instruments crypto securities, which is a legal term for a security on such a register and not a crypto asset. Cash settles between the licensed parties as it does today.

Is this tokenisation?

Yes, the licensed kind. A share, a bond or a fund unit is issued on a digital register that keeps its record on distributed ledger technology, and the entry in that register is the security itself, under the law of Luxembourg, Germany or the EU pilot regime. There is no paper certificate and no separate record elsewhere; the register is the official one. That is different from a token that only mirrors a security kept somewhere else. DLTBridge connects institutions to those registers. We say digital securities, because that is what they are in law.

What does DLTBridge do?

It passes and normalises instructions between licensed parties. Your system sends one message format, under your own credentials; we translate it into the format the register uses and return the confirmation. The instruction stays yours. We hold the adapters and keep them current, as your ICT provider. When a register changes, or a new one opens, that is our work: your connection to us does not change, and you reach the new register through the message you already send.

Do we need a new licence to connect?

DLTBridge performs no regulated activity of its own. It holds no client money, no client assets and no keys, and it has no relationship with your client. It does sit inside your outsourcing and ICT framework. We will not give an opinion on your own permissions: we bring our written position and the documents your counsel can test it against.

Does anything change for our clients?

No. The order is placed and confirmed where it is today. What is new is the message that leaves your system and the confirmation that comes back.

How long does it take to connect?

That depends on your environment, and we will not put a number on it before we have seen it. What we can say is what the work is: one integration against one specification on your side, and the register adapter on ours. Your engineers get the specification and a test environment first, so they can size it themselves. We then measure it with your people, on a product you already want to launch, and the estimate you both sign is the deliverable. A second register is reached through the message you already send.

Which security standards and policies do you work to?

Information security follows ISO/IEC 27001 as a management system, control by control, and is designed with a specialist independent of the build. We are not certified, and we will say so until we are. As an ICT third party provider we work to DORA: a contractual annex, a register of information entry, resilience testing and an exit plan. Personal data is handled under the GDPR, the service runs inside the European Union, and we store references rather than raw personal data. Our internal policy set covers information security, access control, change management, secure development, incident response, business continuity and supplier management. Each instruction in and out is logged. The documents are available to your risk team on request.

Where are you today?

The first register connections are in build and we are ready for testing with institutions: a first call, a technical assessment, the documentation for your case, then your test system on our test environment. Nothing has been placed through the connection in production yet, and we would rather tell you here than have you find it later. Counterparties are named only with their written consent, and we describe each connection in these words: in build, scoping, in discussion, targeted, planned.

About us

Who we are.

TokenWay is a technology company based in Prague, building DLTBridge for Europe's digital capital markets. It is run by two co-founders with a track record in building technology and in financial law.

Our vision

Europe's digital capital market is taking shape as many registers and venues rather than one: each licensed under its own law, in its own country, on its own technology, with settlement in central bank money now available above them. That is a strength of the European model, and a cost for anyone who has to reach it, because each register is a separate integration to build and maintain. We think the layer that is missing is the connection between the institutions and the registers, built once and kept current, so that a bank, an issuer or a fund administrator does not build again what its neighbour has already built. That is what we are building, and we build it the way the licensed parties need it built: no client money, no client assets, no keys, and no regulated activity on our side.

Founders
Guillermo Alda
Guillermo AldaCo-Founder and Co-CEO

Engineer, specialist in building and scaling technology. Owns the technology and the execution: the architecture, the build, the partners and the raise.

LinkedIn ↗
Dr Michaela Day
Dr Michaela DayCo-Founder and Co-CEO

Lawyer, specialist in financial markets regulation and digital assets. Owns law, regulation and the product: the rules, the structures and leads commercial strategy.

LinkedIn ↗
Independent partners

Specialists who work with TokenWay through their own independent practices.

Štěpán Kouba
Štěpán KoubaAdvisor, Business & Bank Partnerships, CZ/SK

Over twenty years in banking, including open banking leadership at Česká spořitelna, Erste Group. Open banking ambassador at the Czech Fintech Association.

LinkedIn ↗
Pavel Růžička
Pavel RůžičkaIndependent Security and Compliance Auditor

Independently audits TokenWay's information security and compliance framework against DORA and ISO/IEC 27001, and coordinates the compliance agenda.

Advisory board
Matt Homer
Matt HomerMember of the Advisory Board

Led the New York State Department of Financial Services division responsible for licensing and supervising digital asset firms. Now at The Venture Dept.

LinkedIn ↗
Jon Blattmachr
Jon BlattmachrMember of the Advisory Board

Formerly digital assets counsel at BNY Mellon. Before that, Virtual Currency Chief at the New York State Department of Financial Services. Now at The Venture Dept.

LinkedIn ↗
Peter Koritschan
Peter KoritschanMember of the Advisory Board

Co-founder of Unity Capital Partners. Built a Luxembourg RAIF fund platform and an FCA-authorised fund manager after eleven years at UBS.

LinkedIn ↗
Backed by
The Venture Dept
Member of
European Digital Finance AssociationCzech Fintech Association
Regulatory sandbox
Funded by the European Union, NextGenerationEU · Czech Recovery Plan · Ministry of Industry and Trade of the Czech Republic · CzechInvest

Member of the European Digital Finance Association and the Czech Fintech Association. TokenWay completed the CzechInvest Fintech Regulatory Sandbox, funded by the European Union's NextGenerationEU through the Czech Recovery Plan.

Tell us which side of the market you are on.

We will come back with what one connection would reach for you, and what it takes on your side.