SEI and Ctrl Alt to Explore Tokenisation in Bank of England's Sandbox

LONDON and OAKS, Pa., 8 April 2025 – SEI^® (NASDAQ:SEIC) today announced that SEI Investments (Europe) Limited (SIEL) will partner with Ctrl Alt, a leading tokenisation platform, and participate in the Bank of England’s Digital Securities Sandbox (DSS). The DSS aims to facilitate innovation in market infrastructure and protect financial stability and market integrity by evaluating blockchain and distributed ledger technology in a non-live environment. In collaboration with the Financial Conduct Authority (FCA), the DSS will provide a regulatory framework to explore the application of digital securities in a traditional financial infrastructure.

With 10% of global GDP expected to be tokenised and stored on the blockchain by 2027,¹ numerous organisations have recognised the impact that tokenisation could have on the financial services industry. Established to explore blockchain’s potential to improve the efficiency of post-trade processes, the DSS will evaluate how these technologies can be used by firms to issue and trade securities. As part of the collaboration, SEI will provide the underlying assets for tokenisation in the initiative’s second phase, and if successful, SEI may manage custody and crypto-asset activity during that phase. 

Sneha Shah, Head of New Business Ventures at SEI, said:

“Tokenised solutions have the potential to enhance security, transparency, and efficiency to drive significant improvements across financial services. Building upon our roots in innovation and leveraging our ability to connect the industry in ways that others cannot, we’re committed to unlocking benefits across the entire asset lifecycle and value chain through this collaboration. We look forward to working with Ctrl Alt, the Bank of England, and the FCA to explore the application of this technology.”

In addition to this initiative, SEI Ventures Inc. made an early-stage investment in Ctrl Alt. SEI Ventures is SEI’s venture capital program based in the US, focused on creating new, sustainable growth engines by exploring the emerging frontiers of wealth and its impact. Ctrl Alt is an infrastructure platform that makes structuring and investing in tokenised asset classes cost-effective, secure, and accessible. The strategic investment is immaterial to SEI’s financial results.

Discussing the strategic investment, Alex Cochand, Director of the SEI Venture Studio, said:

“The financial services landscape continues to experience significant digital evolution, with blockchain technology demonstrating the potential to create a more efficient and secure ecosystem. We are focused on making strategic investments in the fintech and wealthtech space that enable us to accelerate and capitalise on opportunities to transform the wealth management experience, and we’re thrilled to collaborate with Ctrl Alt to explore ways to potentially unlock those opportunities. We believe the combination of our 57 years of industry knowledge with Ctrl Alt’s expertise and nimbleness will help drive innovation and growth.”

Matt Ong, CEO and Founder at Ctrl Alt, added:

“As interest in tokenisation continues to increase among financial institutions, we’ve built our solutions to seamlessly enable the tokenisation of assets within the parameters of traditional financial structuring, so the industry can benefit from the technology with legal certainty. SEI’s breadth of capabilities across technology, operations, and asset management enables them to innovate across the financial services ecosystem because of the connections they’ve built. We’re confident our strategic partnership will help push the industry forward and power the future of wealth.”

¹ Jeremy Allaire, "Blockchain is in from the cold—and stablecoins are set to change the financial system forever," World Economic Forum, Jan. 15, 2024.

About SEI^®

SEI (NASDAQ:SEIC) is a leading global provider of financial technology, operations, and asset management services within the financial services industry. SEI tailors its solutions and services to help clients more effectively deploy their capital—whether that’s money, time, or talent—so they can better serve their clients and achieve their growth objectives. As of Dec. 31, 2024, SEI manages, advises, or administers approximately $1.6 trillion in assets. For more information, visit seic.com.

About Ctrl Alt

Combining blockchain technology and expert financial engineering, Ctrl Alt is a B2B infrastructure business providing solutions in the alternative assets space. As of March 1, 2025, Ctrl Alt has tokenised over $295 million of assets across private credit and real estate, becoming one of the leading tokenisation platforms.
                   
With offices in the UK, Ireland, and the UAE, the Ctrl Alt team is composed of financial and product experts including alumni from Morgan Stanley, Credit Suisse, UBS, and Revolut.

For further information, visit www.ctrl-alt.co or contact via, info@ctrl-alt.co.

Alt Ltd (FRN 974321) is an Appointed Representative of Infinity Asset Management LLP (FRN: 464315), authorised and regulated by the Financial Conduct Authority.

This press release contains forward-looking statements by SEI and its affiliates within the meaning of the rules and regulations of the Securities and Exchange Commission. In some cases, you can identify forward-looking statements by the words “may,” “will,” “expect,” “plan,” “believe,” and “continue” or “appear.”  SEI’s forward-looking statements include discussions about future opportunities, benefits, solutions, platforms, operations, and strategies, including:

•    the potential benefits of tokenisation in the financial services industry,
•    the potential benefits of the SEI collaboration with Ctrl Alt,
•    the focus of the investment strategies of SEI and its affiliates,
•    the drivers of innovation and growth, and
•    the degree to which SEI and/or its affiliates will realise the expected value of their investments.

You should not place undue reliance on SEI’s forward-looking statements as they are based on the current beliefs and expectations of SEI management and subject to significant risks and uncertainties many of which are beyond SEI management’s control or are subject to change. Although SEI management believe the assumptions upon which SEI’s forward-looking statements are based are reasonable, they could be inaccurate. Some of the risks and important factors that could cause actual results to differ from those described in SEI’s forward-looking statements can be found in the “Risk Factors” section of SEI’s Annual Report on Form 10–K for the year ended Dec. 31, 2024, filed with the Securities and Exchange Commission and available on SEI’s website at https://www.seic.com/investor-relations and on the Securities and Exchange Commission’s website (www.sec.gov). There may be additional risks that SEI does not presently know or that SEI currently believes are immaterial which could also cause actual results to differ from those contained in SEI’s forward-looking statements. SEI does not undertake to update the forward-looking statements to reflect the impact of circumstances or events that may arise after the date of the forward-looking statements.