SPV and trust structures for tokenized assets
Every asset tokenized on PazaLabs sits inside a legal wrapper, either a special purpose vehicle (SPV) or a trust. The wrapper holds the asset, isolates it from the originator's credit risk, and is what the ERC-3643 tokens represent a claim on.
Why tokenized assets need a legal wrapper
A token is only as strong as the legal claim behind it. The SPV or trust is the entity that owns the mortgage pool, the property or the receivables, so token holders rely on a ring-fenced asset, held separately from the balance sheet of the company that originated it.
How PazaLabs uses SPVs and trusts, by asset class
Tranches and the waterfall inside the wrapper
Senior, mezzanine, and junior tranches with waterfall mechanics encoded in the smart contract. Payments distribute automatically via the waterfall and report transparently to holders.
From wrapper to token
- 1
Asset onboarding
The asset is onboarded and validated: independent valuation, title verification, and insurance docs validated by GenAI-RAG.
- 2
Legal transfer
Legal ownership transfers into the SPV or trust.
- 3
Structuring
The asset value is structured into tranches or lots.
- 4
Token issuance
ERC-3643 tokens are issued to verified investors with embedded transfer and income rules.
Ready to tokenize your assets?
Book a session with our structuring team and we'll scope the right asset class and legal wrapper for your use case.