What TriParty does, the order in which we work, the assets we look at, and the limits we state up front.
Tokenisation is easy to describe badly and hard to describe well, so in this piece I, Shane Ian Murphy, want to set out exactly how TriParty Tokenisation works, step by step.
I am a co-founder and partner of TriParty Tokenisation. A shorter summary sits on my home page, next to my other roles. The company’s own site is www.tripartytokenisation.com. What follows is the longer version, written for asset owners and for anyone who wants to understand what a coordinator actually does.
What “coordination” means here
TriParty provides end-to-end coordination for the tokenisation of substantial real-world assets. The word “coordination” is chosen carefully. Tokenising a real asset involves documents, independent reports, custody arrangements, a smart contract, a token issuance and trading counterparties. Each of those has its own specialists and its own paperwork.
An asset owner trying to manage all of that alone would spend most of their time chasing people. Our job is to bring the pieces together in the right order so the owner deals with one team throughout.
The assets we look at
We work with substantial real-world assets, including:
- Bonds and medium-term notes (MTNs).
- Bank paper.
- Precious metals.
- Vault-held commodities.
- Interests in property projects.
- Interests in mining projects.
The word “substantial” matters too. This is not a service for small items or speculative ideas. It is for assets with real documentation behind them.
How Shane Ian Murphy and the TriParty team work, step by step
Every project follows the same broad order. I set it out here because the order itself protects the owner.
- Documents first. Before any work begins, we review the documents that show what the asset is and who owns it.
- Independent evidence. We review independent assay or inspection reports. For a metal or commodity, that means a report on what is actually there; for a project interest, it means the relevant inspection material.
- A decision. Many submissions are turned down at this stage. Saying no early is better for everyone than saying yes and failing later.
- Custody, not transfer. Ownership does not move. The structure uses custody agreements, so the asset is held under agreed terms rather than handed over.
- One asset, one smart contract, one token issuance. There is no pooling. Each asset stands on its own.
- Placement. Tokens are placed with nominated trading counterparties under definitive agreements, and we have access to more than one desk.
If you are an asset owner thinking about a first conversation, the most useful preparation mirrors those steps. Gather the documents that show what the asset is and who owns it. Find the most recent independent assay or inspection report, or be ready to commission one. Be clear about where the asset is held today. And expect questions: a careful review is a sign the process is working, not a sign of doubt about you.
Throughout all six steps, the asset owner deals with one team. It is also the part that takes the most work behind the scenes.
Why we refuse to pool
Some approaches combine several assets into a single token or fund. We do not. One asset, one smart contract, one token issuance.
The reason is clarity. When a token represents one specific asset, anyone looking at it can trace it back to one set of documents, one set of reports and one custody arrangement. Pooling blurs that line. If something goes wrong with one asset in a pool, every holder is affected and nobody can easily tell what they actually hold.
Keeping each asset separate is slower and less flashy. It is also much easier to explain, and I think explainability is the first test of any financial structure. If I cannot explain what a token represents to a careful reader in a few lines, the structure is too complicated, and that is a problem to fix before anything is issued.
The limits we state plainly
I would not be comfortable publishing this page without the limits. They are as important as the process:
- No guaranteed returns.
- No guaranteed liquidity. Placement with trading counterparties under definitive agreements is not a promise that a token can always be sold at a given price.
- The tokens are not stablecoins. They are tied to specific real-world assets, not designed to hold a fixed value against a currency.
- Not every asset gets through. Many submissions are turned down after review.
If any conversation about tokenisation, with us or with anyone else, skips over points like these, I would treat that as a reason to slow down.
For context, TriParty is quite different from Global Secure, the consumer app I founded, which is coming in 2027 and is not live yet. One serves asset owners with substantial holdings; the other is planned for everyday members. What they share is a habit: review first, say plainly what the product is and is not, and keep the structure simple enough to explain on one page.
Readers who want more detail on either company will find longer pieces in the articles section, including pieces on custody, independent reports and the review stage.
Questions people ask
Does TriParty take ownership of my asset?
No. Ownership does not move. The structure uses custody agreements.
Can you guarantee my tokens will sell?
No. There are no guaranteed returns and no guaranteed liquidity. Tokens are placed with nominated trading counterparties under definitive agreements, and we have access to more than one desk, but that is not a guarantee of a sale.
Why do you turn so many submissions down?
Because the review of documents and independent assay or inspection reports comes first, and many assets do not meet the standard. It is better to stop at the start than to build on weak paper.
That is how TriParty coordinates real-world asset tokenisation: documents, independent reports, a clear decision, custody, one token per asset and careful placement. As Shane Ian Murphy, I would rather explain the process in full than promise outcomes nobody can guarantee.
*Shane Ian Murphy is the founder of Global Secure (www.globalsecureapp.com) and a co-founder and partner of TriParty Tokenisation (www.tripartytokenisation.com). Official site: shaneianmurphy.com*
shaneianmurphy.com | shanemurphy.co.uk | globalsecureapp.com | LinkedIn
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