Journal
Editorial notes on real assets.
Sharpen your view of tokenization, private markets, professional custody and the structures behind alternative investments.
12 published articles. New pieces are added regularly.
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Report
From Monte Carlo: What Our Launch Revealed About Real-Asset Investing
Notes from the invitation-only Altherum launch aboard the yacht Zaffiro at Port Hercule, Monaco, and three observations from the conversations of the evening.
13 June 2026
Real estate
European Real Estate After the Repricing: From Exposure to Structure
Why asset-level underwriting, governance, financing and documented exit conditions matter when reviewing a real-estate opportunity.
10 June 2026
Real-world assets
What Real-World Asset Tokenization Actually Means
Tokenization records rights — it does not create them. A grounded guide to what sits on-chain, what stays off-chain, and the questions that actually matter.
2 June 2026
Framework
The Asset Comes First: Why Blockchain Is Infrastructure, Not the Investment
A recurring confusion in the tokenization debate is treating the rail as the destination. Our position is simple: the investment thesis is always the asset.
26 May 2026
Legal structure
Fractional Ownership, Tokens and Legal Rights: Three Structures, Three Meanings
A token is a technical record — the rights behind it depend entirely on the structure. Direct co-ownership, SPV shares and securitisation notes compared.
18 May 2026
Custody
How Professional Custody Works for Collectible Assets
How custody, documentation, insurance terms and release procedures support the preservation and administration of collectible assets.
8 May 2026
Markets
Why Tokenization Does Not Automatically Create Liquidity
Technical transferability is not market liquidity. An honest look at what tokenized real assets can and cannot promise about exit.
28 April 2026
Selection
How Real Assets Are Selected and Valued: Inside the Matrix
A practical view of screening, specialist verification, asset-specific valuation, custody feasibility and exit planning for real assets.
20 April 2026
Passion assets
Passion Assets in a Diversified Wealth Strategy
Art, watches, gems and memorabilia follow drivers of their own. How tangible assets earn a place alongside — never instead of — a traditional allocation.
10 April 2026
Private markets
Club Deals and SPVs: How Digitally Recorded Participation Really Works
In a club deal the token does not represent the building or the company — it represents shares of the vehicle. Anatomy of a structure built for restricted circles.
30 March 2026
Compliance
Transfer Restrictions and Investor Eligibility, Explained
How eligibility, onboarding and transfer conditions shape access to private-market opportunities and digitally recorded participations.
20 March 2026
Due diligence
Due Diligence in Alternative Investments: What It Can and Cannot Do
Commercial, legal, technical, custodial: due diligence in alternatives is a set of reviews adapted to each asset — and its purpose is clarity, not certainty.
10 March 2026
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