Evelyn Wilder

Silo Pharma Selects Alphaledger’s T12 Fund for Tokenized Real-World Asset Investments on Solana Blockchain

Investment vehicle provides diversified exposure to real-world assets and expected to reduce portfolio volatility.

Strategic allocation aligns with Silo’s objective of generating yield while maintaining a hedge against downside risk.

New York, NY, Oct. 29, 2025 (GLOBE NEWSWIRE) — Silo Pharma, Inc. (Nasdaq: SILO) (“Silo” or “the Company”), a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company, today announced that it has selected Alphaledger/Simplify Target 12% Distribution Fund LLC (the “Alphaledger T12 Fund”) as a core component of its real-world asset (RWA) investment strategy on the Solana blockchain. This strategic allocation aligns with Silo’s approach to treasury diversification and digital asset integration.

The Alphaledger T12 Fund is a digital-native investment vehicle that provides access to tokenized real-world assets on public blockchains. Designed to deliver high monthly income, the fund leverages a diversified portfolio of alternative, income-generating strategies. Operating on Solana, it offers high-speed, low-cost, and verifiable investment pathways into tokenized financial instruments. Its blend of high-yield, low-duration fixed income, hedged credit, and option strategies provides a differentiated approach to income generation while managing risk.

“We view this investment not only as a treasury diversification tool, but as an important step toward embracing decentralized financial infrastructure,” said Eric Weisblum, CEO of Silo Pharma. “Our digital asset strategy is designed to capture long-term value from emerging multi-chain opportunities. In our opinion, the Alphaledger T12 Fund offers a unique on-chain bridge between traditional finance and digital assets, allowing us to maintain exposure to yield-generating tokenized RWAs while looking to reduce overall portfolio volatility.”

“We believe that Silo’s adoption of the Alphaledger T12 Fund underscores how institutional participants are beginning to integrate tokenized real-world assets into regulated investment frameworks,” said Manish Dutta, Co-Founder and CEO of Alphaledger. “Our mission is to transform investing through blockchain-powered asset tokenization, putting financial ownership and power directly in the hands of investors. We’re honored that Silo has chosen the Alphaledger T12 Fund as part of its digital asset strategy.”

Silo’s allocation reflects a broader institutional trend toward incorporating tokenized RWAs into corporate balance sheets. By utilizing the Alphaledger T12 Fund structure and Solana’s high-performance blockchain, Silo gains access to transparent, compliant, and efficient financial products that integrate seamlessly with its broader crypto and fintech initiatives.

About Alphaledger

Alphaledger is a leading provider of blockchain infrastructure for regulated assets, focused on origination, trading, settlement, and the development of autonomous clearing. The company’s securities tokenization platform “Vulcan Forge” streamlines the entire lifecycle of financial assets by utilizing blockchain technology to deliver efficiency and real-time synchronization across market participants. Founded in 2019 by Manish Dutta, a former PIMCO executive, and Chris Wade, Alphaledger pioneered the on-chain recording of regulated financial instruments and continues to advance the modernization of capital markets.

Alphaledger/Simplify Target 12% Distribution Fund LLC (the “Alphaledger T12 Fund”) is managed by Alphaledger Investment Management LLC (“ALIM”), a subsidiary of parent technology company, Alpha Ledger Technologies, Inc. (“Alphaledger”).

Affiliates of Alpha Ledger Technologies include an SEC registered transfer agent, Alpha Ledger TA, LLC (“ALTA”), Alphaledger Markets, Inc., (“ALM”), a broker dealer, registered with SEC, FINRA, the MSRB and SIPC, and an investment manager, Alphaledger Investment Management, LLC (“ALIM”). Check the background of ALM and ALIM on FINRA’s BrokerCheck.

About Silo Pharma

Silo Pharma, Inc. (Nasdaq: SILO) is a diversified developmental-stage biopharmaceutical and cryptocurrency treasury company. Its therapeutic focus is on addressing underserved conditions, including stress-induced psychiatric disorders, chronic pain, and central nervous system (CNS) diseases. The Company’s portfolio includes innovative programs such as SPC-15 for PTSD, SP-26 for fibromyalgia and chronic pain, and preclinical assets targeting Alzheimer’s disease and multiple sclerosis. Silo’s research is conducted in collaboration with leading universities and laboratories. silopharma.com

Forward-Looking Statements

This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified using words “could”, “believe”, “anticipate”, “intend”, “estimate”, “expect”, “may”, “continue”, “predict”, “potential”, and similar expressions that are intended to identify forward-looking statements. Such statements involve known and unknown risks, uncertainties, and other factors that could cause the actual results of Silo Pharma, Inc. (“Silo” or “the Company”) to differ materially from the results expressed or implied by such statements, including changes to anticipated sources of revenues, future economic and competitive conditions, difficulties in developing the Company’s technology platforms, retaining and expanding the Company’s customer base, fluctuations in consumer spending on the Company’s products, performance of cryptocurrency and other digital treasury assets and other factors. Accordingly, although the Company believes that the expectations reflected in such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. The Company disclaims any obligations to publicly update or release any revisions to the forward-looking information contained in this press release, whether as a result of new information, future events, or otherwise, after the date of this press release or to reflect the occurrence of unanticipated events except as required by law.

Silo Pharma Selects Alphaledger’s T12 Fund for Tokenized Real-World Asset Investments on Solana Blockchain Read More »

Vulcan Forge: The Next Evolution of Capital Markets

At Alphaledger, we believe on-chain securities are the inevitable next step in the evolution of capital markets. That’s why we’ve built Vulcan Forge, our Solana-native securities tokenization platform.

Vulcan Forge allows regulated issuers, fund managers, and underwriters to mint compliant, on-chain securities as SPL tokens – complete with transfer restrictions, wallet whitelisting, and off-chain metadata linking to offering documentation. The result is a seamless integration between traditional regulatory frameworks and decentralized financial infrastructure.

I. From Ledgers to Liquidity: A Brief History of Capital Markets

Capital markets have always been shaped by how ownership is recorded and exchanged. Thousands of years ago, ownership might have been tracked through clay tablets or handwritten scrolls. Over time, those primitive ledgers gave way to paper certificates, then to private databases. Each shift brought increased scale, complexity, and velocity to financial systems.

But while technology has advanced, the underlying infrastructure of capital markets remains constrained by legacy design. Centralized clearinghouses, custodians, and transfer agents still dominate the post-trade lifecycle. Settlement times are measured in days. Market access is gated by geography, office hours, and intermediaries. The world may be digital, but the plumbing of finance remains analog in spirit.

For the most part this model has worked – but it’s far from optimal. And now, for the first time, there’s a credible alternative: on-chain securities.

II. On-Chain Securities: The Next Leap Forward

On-chain securities represent a paradigm shift. Instead of relying on siloed, permissioned databases to track ownership and enforce compliance, these instruments embed rights, restrictions, and logic directly into blockchain-native tokens.

This isn’t just digitization – it’s re-engineering. On-chain securities leverage smart contracts, decentralized infrastructure, and public ledgers to create a programmable, composable, and “always-on” model for ownership.

This model allows capital to move faster, more transparently, and with fewer intermediaries. Just as electronic trading replaced open-outcry pits, on-chain securities are set to replace the dated backend systems of traditional finance with something more aligned with the speed and expectations of today’s economy.

III. Advantages Over Traditional Financial Infrastructure

1. 24/7/365 Transactions

Unlike traditional securities that trade within limited windows, on-chain securities live on global blockchains making real-time settlement possible, at any hour, from anywhere in the world. This continuous availability allows for more dynamic portfolio management, real-time risk adjustment, and transaction timing unconstrained by market hours.

2. Instant, Final Settlement

While traditional securities settle on a T+1 basis and require multiple clearing layers, on-chain securities settle atomically. Ownership and payment transfer together – instantly and irrevocably, or “T-Now”, removing counterparty risk and eliminating the need for clearinghouses or manual reconciliations.

3. Programmable and Composable Ownership

Tokens can embed transfer restrictions, compliance logic, dividend distribution schedules, optionality, and governance mechanics – all enforced via smart contracts. Moreover, on-chain securities are composable: for example, they can be integrated into decentralized financial (“DeFi”) applications to be used as collateral for borrowing, or earn interest through lending, and more.

4. Transparency and Immutable Records

Public ledgers provide real-time insight into ownership and transfer history. This transparency enables instant auditability for investors, issuers, and regulators – something that is nearly impossible to achieve with traditional systems. For example, transactions into and out of the T12 Token (fund), and related fees, can be viewed here: https://solscan.io/token/GPjDgRPhSuJSya5GbaCWkYCDqcyL6N3ZBge9XMJsDton

5. Self-Custody and Investor Control

One of the most underappreciated benefits of on-chain securities is the shift in control from intermediaries to investors. On-chain securities can be held directly in user-controlled wallets, reducing reliance on centralized custodians. Investors decide how, when, and where their assets are lent – or not lent at all. This means:

  • Investors may retain full control over the economic risk and benefit of lending their securities
  • Lending yields flow directly to the asset owner
  • Lending behavior can be automated or actively managed depending on strategy

IV. What Still Needs to Be Built

Despite their promise, on-chain securities are still maturing. Key areas of development include:

  • Wallet Recovery and Key Management. For most investors, losing access to a wallet shouldn’t mean losing their investment. Secure, user-friendly recovery mechanisms are essential for wide-spread market adoption.
  • Regulatory Frameworks and Safeguards. Securities laws still apply. Regulatory clarity on issues like secondary trading, custody, and investor protection is evolving. Infrastructure must enforce KYC/AML, transfer restrictions, and fund governance in a compliant, transparent way.
  • Market Infrastructure and Liquidity. While the tokenization layer is advancing rapidly, secondary liquidity venues, price discovery mechanisms, and institutional-grade service providers must continue to emerge and evolve to support broad adoption.
  • Much faster, cost-efficient, comprehensive, and compliant read layers for the blockchain transactions history and current and past position balances.

V. Alphaledger: Building the Future on Solana

Vulcan Forge allows regulated issuers, fund managers, and underwriters to mint compliant, on-chain securities as SPL tokens – complete with transfer restrictions, wallet whitelisting, and off-chain metadata linking to offering documentation. The result is a seamless integration between traditional regulatory frameworks and decentralized financial infrastructure.

Our first live product using Vulcan Forge is the T12 Fund – a tokenized private investment fund designed to deliver 12% annualized distributions (before fees and expenses) through a diversified alternative income portfolio. Investors can subscribe using stablecoins or dollars, and receive tokenized ownership represented as SPL tokens on Solana.

VI. Conclusion: The Inevitable Path of Capital

The story of capital markets is one of evolution – from stone tablets to stock certificates, from physical exchanges to electronic trading. Each leap has been driven not only by how ownership is registered, but also by what you can do with that ownership, and how quickly.

On-chain securities are the next logical step in that journey. They enable faster movement, direct participation, and deeper integration into the digital economy. For issuers and investors ready to operate at internet speed, they offer a powerful new toolkit.

At Alphaledger, we’re building the rails to make that future real. T12 is just the beginning.

 

The information contained herein is solely informational and does not constitute an offer or solicitation for the purchase or sale of investments or investment strategies. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Such an offer may only be made after you have received applicable offering documents for the fund. All of the information herein is subject to, and qualified in its entirety by, the terms described in the fund’s offering documents. Before you make an investment in the fund, you should carefully and thoroughly review those offering documents.

The fund is not guaranteed to generate quarterly distributions at the annualized rate set forth herein. The distribution target set forth herein is used for measurement or comparison purposes and only as a guideline for investors to evaluate the fund’s investment strategies and accompanying information. The targeted distribution set forth herein reflects subjective determinations by Alphaledger Investment Management LLC (“ALIM”) based on a variety of factors, including, among others, investment strategy, prior performance of similar products and strategies (if any), volatility measures, risk tolerance, and market conditions. Targeted distributions are not intended to be actual performance and should not be relied upon as an indication of actual or future performance of the fund. ALIM’s beliefs and assumptions may or may not prove to be correct and there can be no assurance that any such targets are attainable or will be realized, and actual results may vary materially, and include the possibility that, an investor therein may lose some or all of its invested capital.

The interests in the fund have not been and will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), or any state securities laws or the laws of any non-U.S. jurisdiction. It is anticipated that any offering and sale of the interests in the fund will be made only to investors that qualify as “accredited investors” within the meaning of Rule 501(a) under the Securities Act. An investment in the fund involves a high degree of risk, including possible loss of value, and is suitable only for sophisticated investors. The statements herein are subject to change at any time at ALIM’s sole discretion, and ALIM is not obligated to revise or update any statements herein for any reason or to notify recipients of any such change, revision, or update.

Alphaledger Markets, Inc. (“ALM”), a subsidiary of Alpha Ledger Technologies, is not serving as broker dealer for the fund or otherwise providing broker dealer services in connection with the fund’s offering of units to investors. ALM will not act as placement agent, underwriter, selling agent, custodian, or otherwise participate in the distribution of the units, and will not solicit, recommend, or arrange for the purchase or sale of units. Accordingly, (i) ALM will not be involved in the distribution of units, (ii) an account will not be opened with ALM, (iii) ALM will not otherwise have custody of fund assets, and (iv) SIPC protections will not apply with respect to an investment in the Fund. Check the background of this firm on FINRA’s BrokerCheck.

Certain individuals who serve as officers of ALIM may also be officers of ALM. These individuals will receive no incentive allocation, placement fee, sales commission, or other transaction-based compensation from the fund or the investment manager in connection with the initial distribution of the units.

Alphaledger is the marketing name of Alpha Ledger Technologies Inc., and its subsidiaries, who provide blockchain technology, smart blockchain-related products, and blockchain support services.

Affiliates of Alphaledger Technologies include an SEC registered transfer agent, Alpha Ledger TA, LLC (“ALTA”), Alphaledger Markets, Inc., (“ALM”), a broker dealer, registered with SEC, FINRA, the MSRB and SIPC, and an investment manager, Alphaledger Investment Management, LLC (“ALIM”). Check the background of ALM and ALIM on FINRA’s BrokerCheck.

Vulcan Forge: The Next Evolution of Capital Markets Read More »

T12 Q3 Commentary

Alphaledger Investment Management Forecast

Stay long and continue to buy the dips as good inflation for stocks should move higher into October, driven by contained energy prices and lag effects of tariffs creeping in. Growth tailwinds continue to be AI investment, deregulation and contained unemployment.

Commentary

  • U. S. Treasury yields finished the quarter lower with the UST 2Y at 3.6% and 10Y at 4.15%. Key themes that drove the markets were Dollar down, Stocks up and Gold up.
  • Gold futures strategy was added to the T12 portfolio 8/13/25, right before it took off in September.
  • 70% of T12 was correlated to equity returns by investing in barrier put strategies, selling VIX futures premium and bullish call spreads.
  • Target gross distribution rate was achieved for the quarter. After fees, the current annualized distribution rate was 11.11% of NAV as of 9/30/25.

Crypto Corner

DAT money grab peaked in July. Will we see a new high or is the top in?

Risk-Free Treasury Yield is a Misnomer / Why T12

  • Institutions and retail investors in search of yield face new risks in fixed income not seen in the previous 3 decades.
  • Yields are under pressure due to monetary policy and yield curve normalization.
  • Equity like volatility spikes have been occurring in the bond market since 2022
  • Tactical allocation between asset classes and generating additional income in new ways on Gold, Stocks and even Treasuries address these concerns.

T12 Q3 Commentary Read More »

Littlestone, Alphaledger, and Celadon Partnering to Bring Tokenization to a $1 Billion Essential Housing Pipeline

NEW YORK, Sept. 24, 2025 (GLOBE NEWSWIRE) — The Littlestone Company, Alpha Ledger Technologies, Inc., (“Alphaledger”) and Celadon Capital Markets LLC, a division of Celadon Financial Group today announced a strategic partnership to bring financial innovation and tokenization to a $1 billion pipeline of essential housing projects on the Solana blockchain. Together, the three firms will combine deep expertise in real estate development, structured finance, and security tokenization to address the urgent need for workforce, senior, and affordable housing across the United States.

The initiative targets the persistent financing gap for mid-market rental housing by:

  • Introducing innovative financing structures beyond traditional lending models
  • Unlocking new sources of capital through tokenization
  • Building a scalable platform to channel capital directly into essential housing projects

Littlestone’s track record includes 47 years of mission-driven development and more than $1 billion in financed projects, delivering over 60 essential housing communities. “This partnership allows us to accelerate delivery of sustainable, high-quality communities for workforce families and active adults 55+, ensuring long-term occupancy and income stability despite constrained supply,” said Peter Wasserman, CEO of The Littlestone Company.

Celedon’s principals bring seasoned expertise in structured finance and yield strategies. “Our mission is to fill capital stack gaps and deliver strong returns while addressing the ‘Missing Middle’—teachers, nurses, and seniors underserved by today’s market. Working with Littlestone and Alphaledger enables us to unlock value in essential housing through underwriting expertise and blockchain tokenization,” said Armand Pastine, Senior Managing Director at Celadon.

Leveraging Alphaledger’s Vulcan Forge platform, the partnership will enable on-chain ownership, digital distribution, and integration with DeFi protocols to modernize capital stacks and scale essential housing delivery. This follows Alphaledger’s partnership with tZERO and the launch of the T12 Fund, a private fund enabling on-chain ownership on Solana.

“This partnership bridges traditional finance with blockchain innovation,” said Manish Dutta, Co-founder and CEO of Alphaledger Technologies. “By tokenizing a $1 billion housing pipeline, we are unlocking secure, compliant access to mission-driven investments that accelerate critical housing delivery.”

Littlestone, Alphaledger, and Celadon Partnering to Bring Tokenization to a $1 Billion Essential Housing Pipeline Read More »

tZERO and Alphaledger Forge Strategic Relationship to Accelerate Tokenization Across Public and Private Markets

Initial projects include tokenized fund and other private products and shared mission to transform public markets through tokenization.

NEW YORK, NY / ACCESS Newswire / September 17, 2025 / tZERO Group, Inc., a pioneer in blockchain-powered capital markets, today announced a strategic relationship with Alpha Ledger Technologies, Inc. (Alphaledger) that unites two leaders at the forefront of financial innovation.

By bringing together Alphaledger’s expertise in digital product development with tZERO’s leading end-to-end, regulated primary and secondary infrastructure and tokenization leadership, the collaboration aims to fast-track the tokenization, distribution, and secondary trading of assets on blockchain. The two organizations also intend to lead discussions regarding broader and faster public market adoption of blockchain technology.

Under the framework, tZERO and Alphaledger will:

  • Bring tokenized equities to market by developing and distributing securities created by Alphaledger and made available for trading on a regulated platform operated by tZERO’s broker-dealer subsidiaries, and tokenized using leading Layer 1 and Layer 2 protocols.
  • Launch the next generation of funds by working to tokenize Alphaledger’s forthcoming Government Money Market Fund, and to enable seamless distribution and trading through the regulated platform operated by tZERO’s broker-dealer subsidiaries.
  • Expand investor access to yield products by working to quote tokenized shares of the Alphaledger/Simplify Target 12% Distribution Fund to the regulated platform operated by tZERO’s broker-dealer subsidiaries.
  • Champion the future of tokenization through joint advocacy for public market adoption of blockchain technology and developing products and solutions for tokenization of public equities, while exploring integration and partnership opportunities with a range of blockchain ecosystems.

On-chain securities are critical to the next generation of internet capital markets – regulated, transparent, and always on. They enable continuous access, fractional ownership, and programmable settlement – capabilities that traditional infrastructure cannot efficiently support. With blockchain scalability, regulatory clarity, and institutional participation converging, Alphaledger – together with tZERO – is positioning itself at the forefront of this transformation.

“No one can do it alone in the tokenization space. Success demands best of breed partners. And that is the goal that we set for ourselves. This initiative is about combining Alphaledger’s proven product innovation with tZERO’s market-leading expertise in compliance and digital marketplaces to deliver the next wave of tokenized investment opportunities,” said Alan Konevsky, Chief Executive Officer of tZERO. “Together, we are building the bridge between traditional finance and blockchain-powered markets. tZERO’s genesis is grounded in using blockchain and smart contracts to evolve the public capital markets. That mission has been reignited. We look forward to partnering with Manish and his team on these product, infrastructure and advocacy initiatives.”

“The market is hungry for transparency, efficiency, and access to innovative products. By teaming up with Alphaledger, we’re fast-tracking the arrival of tokenized funds and equities across blockchain ecosystems, while ensuring they trade on a regulated, trusted marketplace. This is a pivotal step in making digital securities a mainstream reality,” said Al Swimmer, Chief Strategic Relationships Officer at tZERO.

Founded by former PIMCO executive, Manish Dutta, Alphaledger has a track record of pioneering blockchain-based regulated financial products, including tokenized municipal bonds and the recently launched private alternative income fund T12 with Simplify Asset Management. Its securities tokenization platform, Vulcan Forge, integrates SEC-registered transfer-agent recordkeeping, an SEC/FINRA/MSRB-registered broker-dealer, and an exempt investment advisor – providing issuers and investors with a unified path from origination to secondary trading. Together, Alphaledger’s deep product expertise and industry reach complement tZERO’s regulated infrastructure, compliance, and secondary market capabilities.

“The market needs industrial-grade rails for the next generation of on-chain investors,” said Manish Dutta, Co-Founder & CEO of Alphaledger. “tZERO demonstrated the promise of tokenization in equity markets, and we are now at the precipice of a new era – 24/7 tokenized securities markets that expand access, increase transparency, and lower costs. At Alphaledger, we are standardizing how regulated securities live on Solana, while tZERO provides the regulated infrastructure and investor access. Together, we’re making tokenization real: day-one production for issuers and day-one liquidity for investors.”

“Institutions don’t need hype; they need throughput, controls, and exits,” added Chris Wade, Co-Founder & CTO at Alphaledger. “With tZERO, we’re delivering all three: high-performance issuance on Solana, transfer-agent discipline, and a regulated venue for secondary liquidity.”

–END–

About tZERO

tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and make such equity available for trading on an alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.

About tZERO Digital Asset Securities

tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO’s online brokerage platform. It operates in accordance with the SEC’s statement, dated December 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Digital asset securities may not be “securities” as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are “investment contracts” under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA’s definition of “securities”-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA’s BrokerCheck.

About tZERO Securities

tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA’s BrokerCheck.

Investor Notice

Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investor’s ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss.

No Offer, Solicitation, Investment Advice or Recommendations

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

Forward-Looking Statements

This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.

About Alpha Ledger Technologies, Inc.

Alpha Ledger Technologies, Inc. is a technology company specializing in blockchain financial products, focused on providing technology to its subsidiaries and prospective clients. Alphaledger is the marketing name of Alpha Ledger Technologies Inc., and its subsidiaries, who provide blockchain technology, smart blockchain-related products, and blockchain support services.

Affiliates of Alphaledger Technologies include an SEC registered transfer agent, Alpha Ledger TA, LLC (“ALTA”), Alphaledger Markets, Inc., (“ALM”), a broker dealer, registered with SEC, FINRA, the MSRB and SIPC, and an investment manager, Alphaledger Investment Management, LLC (“ALIM”). Check the background of ALM and ALIM on FINRA’s BrokerCheck.

The information provided herein is not directed at any investor or category of investors and is provided solely as general information about our products and services and to otherwise provide general education. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Furthermore, no information contained herein should be regarded as a suggestion to engage in or refrain from any investment-related course of action as none of Alphaledger nor any of its affiliates is undertaking to provide investment advice, act as an adviser, or give advice in a fiduciary capacity with respect to the materials presented herein. If you are an investor, contact your financial advisor or other fiduciary unrelated to Alphaledger about whether any given investment idea, strategy, product, or service described herein may be appropriate for your circumstances.

tZERO and Alphaledger Forge Strategic Relationship to Accelerate Tokenization Across Public and Private Markets Read More »

Breaking Down the T12 Fund: High-Yielding Income for Accredited Investors

Founded in 2019, Alphaledger has assembled a core team of pioneers in technology and real-world assets to streamline debt financing and increase engagement with investors. The company provides comprehensive, end-to-end investment solutions that are seamless, secure, and fully compliant, maintaining the highest standards of regulatory oversight.

The Target 12% Distribution Fund (T12) is Alphaledger Investment Management’s flagship fund. A treasury alternative and private credit alternative designed to deliver high monthly yield while giving investors the transparency and efficiency of on-chain securities. It aligns perfectly with Alphaledger’s mission to make wealth creation accessible, liquid, and secure through blockchain-powered tokenization.

What Sets Alphaledger Apart From The Others?

Alphaledger is redefining how capital is raised and deployed. It was the first to bring municipal debt to the blockchain, tokenizing over $800 million in real-world assets and setting a new institutional-grade standard. Its vertically integrated model, including a SEC/FINRA-regulated broker-dealer and transfer agent, and an Exempt Reporting Advisor, ensures full compliance from onboarding to settlement.

According to CEO Manish Dutta, Alphaledger is creating infrastructure that can reinvent capital flow between issuers and investors.

“At Alphaledger, we’re building a securities tokenization infrastructure to modernize the capital markets – from origination through distribution – and bringing greater efficiency and liquidity to private credit and alternative income.”

How T12 Works

T12 is a tokenized private investment fund managed by Alphaledger Investment Management, with Simplify Asset Management acting as the sub-advisor. Paisley Nardini, Head of Multi-Asset Solutions at Simplify, says about the partnership:

“The partnership combines Alphaledger Investment Management’s technology-driven market expertise with Simplify’s investment strategies.“

Together, they seek to deliver high monthly income by investing in a diversified portfolio of alternative income-generating strategies. This allows investors to diversify, access high returns, and benefit from blockchain-enabled efficiency and transparency.

How Can Investors Use The T12 Fund?

Investors have two options when investing in the T12 Fund. Investments can be made in US Dollars or stablecoins, making it accessible to both traditional and digital asset investors. The fund is offered on a continuous basis, allowing accredited US-based investors to subscribe at any time, and requires a minimum investment of $50,000 and charges a 1% fee to cover management, administration, and operational costs. Investors will also receive a Schedule K-1 for tax purposes.

The fund recently completed its first USDC-funded subscription. The transaction moved capital directly into a professionally managed, income-focused strategy and issued on-chain units for ownership records.

What Benefits Does The T12 Fund Offer

The T12 fund uses a dynamic and diversified income approach. Benefits include:

  • Portfolio Diversification: The T12 fund gives investors exposure to actively managed, alternative income-generating strategies.
  • Income Generation: The T12 fund has a target distribution of 12% annualized, making it an excellent option for investors wanting a high-yielding income stream to supplement retirement or ongoing cash flow needs. The fund’s daily liquidity allows investors to adjust their investment positions to align with their financial goals and adapt to evolving market conditions.
  • Institutional Allocation: The fund appeals to institutional investors, thanks to its distinctive strategy balancing a blend of high-yield, low-duration, fixed income, hedged credit, and options strategies, which could generate income while managing risk.
  • Risk Management: The fund uses active management and dynamically adjusts asset allocation to target attractive distributions and limit drawdowns through a risk-aware approach.
In Closing

The T12 Fund seeks to deliver high-yield income with daily liquidity, combining institutional-grade strategies with the transparency of on-chain securities. A true Treasury and Private Credit Alternative, it offers diversification, competitive yield, and fully compliant, blockchain-powered access to opportunity.

Get in touch with the Alphaledger Investment Management team to explore subscription opportunities. Demand more from your portfolio!

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Compliance-by-Design: The Foundation for Trust in Digital Assets

In today’s volatile, highly scrutinized market, trust is the most valuable currency. But for digital assets to earn long-term credibility with institutional investors who demand accountability, compliance can’t be an afterthought. It must be engineered into the system from the start. This is the principle of compliance-by-design, and the standard Alphaledger is built on.

What is Compliance-by-Design?

Compliance-by-design enables the embedding of regulatory logic, auditability, and reporting mechanisms directly into smart contracts governing digital assets.

Instead of launching a product and retrofitting compliance after regulatory feedback or worse, compliance-by-design ensures that every transaction, ownership change, and cash flow adheres to predefined rules.

Using this approach, smart contracts can and should handle:

  • Automated KYC/AML and sanctions screening at the wallet level
  • Jurisdiction-based transaction permissions
  • Real-time disclosures of holdings, coupon flows, and cap table updates
  • Immutable audit trails for regulators and counterparties

By hardwiring compliance into the fabric of the asset, Alphaledger eliminates manual intervention, reduces bottlenecks, and counterparty risks.

How Has The Lack Of Compliance Hindered Web3?

Regulatory challenges and compliance have become significant hurdles for Web3, creating uncertainty and preventing its growth and adoption.

  • Compliance can be expensive and time-consuming. Companies must divert resources from innovation and invest heavily in compliance measures.
  • Strict regulations often stifle innovation, creating significant barriers for new projects. This discourages companies from investing in and developing new technologies.
  • Regulations vary from one country to another. Web3 companies must navigate a maze of different regulatory and legal standards to operate globally.
  • Most countries lack clear regulations for Web3 technologies, making it challenging for platforms to operate within these jurisdictions.
Automating Risk Controls at the Wallet Level

Legacy systems perform compliance checks off-chain through manual reviews, third-party checks, and cumbersome reconciliation processes. This leads to friction, delays transactions, and introduces operational risks.

Alphaledger’s infrastructure allows KYC, AML, and sanctions checks to be automated at the wallet level. Transactions are permissioned by smart contracts that verify eligibility before execution, eliminating human error and mitigating exposure to bad actors in real time, tightening counterparty risk without adding overhead.

On-Chain Disclosure Beats Paper Trails

Quarterly reports and manual disclosures are relics from a bygone era. Compliance-by-design allows investors to access real-time, on-chain records of:

  • Asset holdings
  • Coupon payments
  • Ownership transfers
  • Cap table changes

Such a high degree of transparency builds confidence. Investors no longer have to trust opaque statements or wait for scheduled reporting cycles. Instead, they see the data as it happens verifiable on-chain and available 24/7.

Reducing Operational Costs Through Automation

Compliance is often viewed as a necessary yet costly drag on efficiency. Compliance-by-design flips this narrative. Alphaledger automates filings, digital signatures, cap table updates, and audit trails, reducing the administrative burden on issuers and investors alike.

Smart contracts don’t need human compliance officers to verify each step. They execute according to code, creating a scalable compliance layer that lowers both risk and cost.

Multi-Jurisdiction Readiness Without Rebuilding

Traditional financial products require bespoke compliance builds for each jurisdiction, a costly and cumbersome process.

Alphaledger uses parameterized rule sets within smart contracts to handle jurisdictional compliance dynamically. Whether an asset is sold under U.S. Rule 144A or within the EU under MiFID II, the same contract can apply different permissions and reporting standards.

This flexibility allows issuers to expand across markets without fragmenting product lines or rebuilding compliance logic

Investor Protection Built into the Protocol

True investor protection isn’t a disclaimer, it’s a design choice. Alphaledger embeds safeguards directly into its architecture. This includes:

  • Protected cash accounts
  • Bankruptcy-remote structures
  • Segregation of client assets enforced by smart contracts

These safeguards give institutions the confidence to hold tokenized assets with the same assurance they expect from traditional CUSIP securities.

The Liquidity Unlock

Institutions will not adopt tokenized assets at scale unless they meet the same compliance standards as legacy financial instruments. Compliance-by-design bridges that gap making tokenized assets holdable by funds, custodians, and other regulated entities.

Where ad-hoc compliance wrappers create friction and fragmentation, native compliance scales with asset classes, enabling broader adoption without sacrificing trust.

Future-Proofing with Transparent Governance

Regulations will evolve. Markets will change. Contracts that are locked or inflexible will become obsolete.

Alphaledger’s contracts are built with upgradeability and transparent governance in mind. This allows our infrastructure to adapt ensuring assets remain trusted and compliant not just for today’s regulations but for the decades ahead.

Conclusion

Trust isn’t earned by promises, it’s built into the system. Alphaledger’s compliance-by-design approach provides a durable, scalable foundation for tokenized finance, giving issuers, investors, and regulators a common language of trust on-chain. This isn’t about ticking boxes. It’s about reengineering capital markets for transparency, efficiency, and resilience by design.

Compliance-by-Design: The Foundation for Trust in Digital Assets Read More »

Alphaledger and Moody’s Complete Proof of Concept on Solana

Alphaledger and Moody’s Ratings Successfully Complete Proof of Concept for Municipal Security Rating on Solana Blockchain

Alphaledger, a pioneer in tokenized real-world assets, and Moody’s Ratings, a global leader in credit ratings, are excited to announce the successful completion of a groundbreaking proof of concept (PoC) that disseminates a municipal bond rating on-chain by integrating the credit rating information into a security token on the Solana blockchain. This innovative collaboration marks a significant milestone in bridging traditional finance with decentralized systems, showcasing the potential for standardized credit ratings dissemination mechanisms for tokenized real-world assets (RWAs).

The PoC, conducted in a simulation environment, demonstrated the technological feasibility of the API integration of data between on-chain and off-chain environments through the automated submission of municipal security data to Moody’s Ratings, and the dissemination of the assigned credit rating on the blockchain. Moody’s credit rating information was seamlessly incorporated into Alphaledger’s municipal security tokenization engine resulting in a security token minted on Solana during the PoC.

The successful execution of this PoC highlights several key achievements:

  • Incorporation of Credit Ratings into Blockchain technology: Incorporating a Moody’s Ratings credit rating into a Solana-based security token validates the technological feasibility of combining established financial services with decentralized infrastructure.
  • Scalability for Tokenized RWAs: The PoC paves the way for scalable on-chain ratings dissemination mechanisms applicable to a wide range of tokenized assets, from municipal bonds to corporate bonds, enhancing investor confidence and market adoption.
  • Leveraging Solana’s Capabilities: Utilizing Solana’s layer 1 capabilities, the PoC provides promising evidence for the Solana blockchain platform’s suitability for institutional-grade financial applications, supporting secure and efficient tokenization.

“This collaboration with Moody’s Ratings is a transformative step toward modernizing financial markets,” said Manish Dutta, CEO of Alphaledger. “By incorporating trusted credit rating information into a tokenized municipal security on Solana, we’ve demonstrated a potential scalable model that can unlock liquidity to real-world assets by providing investors access to a trusted brand like Moody’s Ratings”

“This PoC with Alphaledger showcases how our ratings can be disseminated on chain to enhance transparency and trust in tokenized assets to meet the evolving needs of digital finance,” said Rajeev Bamra, Associate Managing Director and Head of Strategy for Digital Economy at Moody’s Ratings. “We continue to embrace innovation in finance and actively explore new avenues for digital finance ecosystem to access our credit assessments.

The PoC sets a precedent for future collaborations, offering a blueprint for how tokenized RWAs can integrate with traditional financial systems to meet institutional standards. By combining Moody’s Ratings trusted credit analysis with Alphaledger’s cutting-edge blockchain solutions, this initiative signals a new era of accessibility and efficiency in asset management.

For details on Moody’s Ratings, visit www.moodys.com.

About Alphaledger
Founded in 2019, Alphaledger is a leader in tokenizing real-world assets, providing end-to-end solutions through its regulated blockchain infrastructure. Headquartered in Poulsbo, Washington, Alphaledger is transforming traditional markets by delivering transparency, efficiency, and accessibility to investors worldwide.

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Whitepaper: The Arc of Regulated Asset Tokenization

Introduction

The tokenization of regulated assets — stocks, bonds, ETFs, alternative investments and other securities — marks a fundamental transformation in how capital markets operate. At Alphaledger, we believe this transformation follows a clear, five‑phase journey — the “Arc of Regulated Asset Tokenization” — that guides traditional assets onto blockchain networks while respecting the guardrails of securities law. In this paper, we weave those phases into a single narrative that shows how tokenization evolves from bold experimentation to true, on‑chain ownership.

From Frontier Experiments to Institutional Adoption

PHASE 1: THE WILD FRONTIER

Tokenization was born in the crucible of decentralized finance, when pioneers, driven by little more than curiosity and ambition, deployed smart contracts on permissionless blockchains. They minted tokens, engineered nascent lending protocols, and launched decentralized exchanges. Public chains like Ethereum demonstrated a powerful compounding effect: every new dApp, project, or token built on the network amplified the value of the original token, creating a virtuous cycle of innovation.

But this frontier also attracted excess. Meme coins, speculative “grifts”, and extreme volatility recalled the panics of early stock markets — 1907’s bank runs and the 1929 crash. In the spirit of Winston Churchill who famously stated, “never let a good crisis go to waste”, the ecosystem evolved. Just as those TradFi crises ultimately spawned modern clearinghouses, deposit insurance, and robust regulation, the chaos in Phase 1 sparked a wave of technological hardening and the first serious conversations with regulators.

PHASE 2: BUILDING STABILITY

In Phase 2, the industry shifted from wild experimentation toward stability and institutional rigor. Building on the lessons of Phase 1, developers and early adopters hardened smart‑contract protocols, established clear governance frameworks, and integrated on‑chain products with traditional custody and compliance systems. Stablecoins evolved into reliable cash‑management instruments, liquidity pools adopted risk‑controls familiar to money‑market funds, and regulators began pilot programs to validate blockchain’s record‑keeping integrity. This maturation laid the groundwork for a robust financial ecosystem, one in which on‑chain assets could be valued, audited, and trusted just as off‑chain securities are today.

Despite the stabilization, legacy institutions in Phase 2 continued to dismiss the on-chain revolution unfolding around them — just as bond houses once hesitated while Bill Gross rewrote the rules of fixed income trading.

The Turning Point: Real‑World Assets On-Chain

PHASE 3: UNLOCKING TOKENIZED ASSETS

We stand at a critical inflection point, moving beyond experimentation to unlock the true utility of tokenized assets. In this third phase of financial evolution, stocks, bonds, and funds are seamlessly tokenized on public blockchains, marrying the stability of traditional finance (TradFi) with the transformative innovation of the crypto era. This convergence delivers unprecedented value to investors, offering a compelling blend of attractive yields, flexible custodial models, and accelerating regulatory clarity — thus setting the stage for a new era of on-chain investing.

Tokenized assets bridge the gap between the low returns of ultra-safe investments and the high volatility of crypto markets, addressing what we call the “missing middle.” Unlike tokenized money-market funds that mimic treasuries or speculative crypto plays that court excessive risk, this next generation of assets — exemplified by Alphaledger’s T12 Fund — aims to deliver a balanced risk-return profile previously unavailable on-chain. By targeting yields that outpace treasuries while approaching the upside of crypto investments, these assets offer investors a compelling alternative, combining stability with the potential for enhanced returns in a single, accessible package.

To ensure investor choice without compromising security or compliance, tokenized assets support multiple custodial models. Self-hosted multi-party computation (MPC) wallets empower users with direct control, while custodial wallets and traditional custodian models provide familiar options. This flexibility caters to diverse investor preferences — whether crypto-native or TradFi-focused — while upholding the rigorous standards required for on-chain assets. By integrating these models, platforms like Alphaledger ensure that security and compliance remain paramount, fostering trust in the tokenized ecosystem.

Fueling this transformation is a rapidly evolving regulatory landscape. Over the past 12 months, both the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have signaled a progressive shift, expressing support for tokenization projects. This momentum has paved the way for no-action letters and pilot programs that embed investor protection directly into blockchain protocols. As regulatory clarity accelerates, the conditions are set for tokenized assets to scale, offering a compliant, transparent framework that aligns with the needs of investors and regulators alike. Together, these advancements herald a future where tokenized assets redefine wealth creation, delivering both accessibility and stability on public blockchains.

The New Settlement Standard

PHASE 4: ATOMIC SETTLEMENTS

Traditional markets settle on a T+1 or T+2 cadence, relying on intermediaries and netting systems to exchange securities for cash. Blockchain’s promise is “T‑Now™” — instant, atomic settlement with absolute finality. By embedding Delivery‑Versus‑Payment directly into smart contracts, tokenization eliminates counterparty risk and unlocks novel use cases — like practical, intra‑day repo markets that optimize liquidity in real time.

Even as fiat off‑ramps persist, emerging bank‑issued and sovereign stablecoins will blur the line between on‑chain and traditional capital flows. The result: a settlement layer that is faster, safer and more adaptable than anything before it.

The Endgame: Dominium – True On‑Chain Ownership

PHASE 5: DOMINIUM

The ultimate vision of the Arc is a world we call Dominium — where “the street has no name.” Instead of holding securities in a broker’s “street‑name” omnibus account, investors register tokens directly in their own wallets. Self‑custody and MPC/TSS‑enabled wallets become the new bank and brokerage accounts. Assets — from equities to real estate to intellectual property — are universally accessible, programmable, and capable of serving as on‑chain collateral.

In Dominium, financial power shifts from centralized institutions to individuals. No paper, no omnibus accounts, no legacy ledgers — just direct, cryptographic proof of ownership.

Conclusion

Innovation rarely follows a straight line. The Arc of Regulated Asset Tokenization charts a deliberate path: Phase 1’s experimentation, Phase 2’s stabilization, Phase 3’s real‑world bridging, Phase 4’s atomic finality and Phase 5’s true on‑chain ownership. Each phase reduces reliance on traditional intermediaries while layering fresh capabilities that reshape markets. Regulators and legislators are already rewriting the rulebook. Institutions that embrace this journey will define the next era of finance; those that wait risk obsolescence.

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Special Districts Insurance Services (SDIS) of Oregon Joins Alphaledger

Special Districts Insurance Services (SDIS) of Oregon has joined Alphaledger’s network, creating a new source of liquidity for Oregon’s special purpose districts. SDIS, which provides insurance coverage to members of the Special Districts Association of Oregon (SDOA), will now offer financing options through Alphaledger’s technology-driven solution. 

The collaboration has already demonstrated success with the recent placement of a Tax and Revenue Anticipation Note for the Gaston Fire District, where SDIS served as the purchaser. This transaction showcases how special districts can efficiently access capital for operational and infrastructure needs through the platform. 

By joining Alphaledger’s network, SDIS strengthens its mission of supporting local districts while leveraging real-time transaction capabilities and transparency to deliver reliable funding solutions across Oregon communities. 

About Alphaledger

Alphaledger is a leading provider of blockchain infrastructure for fixed income assets, focused on origination and the development of autonomous settlement. The company’s platform is designed to streamline the entire lifecycle of financial assets, from origination to settlement, by leveraging the power of blockchain technology. Notably, Alphaledger pioneered the recording of municipal loans and securities on its platform. The company is committed to driving innovation and efficiency in the financial services industry.

Securities transactions will be conducted through Alphaledger Markets, Inc., a broker-dealer, registered with SEC,FINRA, the MSRB, and SIPC, and  wholly owned by Alpha Ledger Technologies (“Alphaledger”). SIPC. Check the background of ALM on FINRA’s BrokerCheck.

Alphaledger is a technology company focused on providing technology to its subsidiaries and prospective clients. It does not lend itself to the solicitation of securities activities, as it can only be done by prospectus and via a registered broker dealer such as Alphaledger Markets.

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