ANDRA announced on October 5, 2026 the launch of an institutional issuer-sponsored tokenization platform for ETF issuers, designed to support tokenized ETF workflows alongside the settlement, custody, and service-provider infrastructure those issuers already use.
Built on the Canton Network, a permissionless blockchain with configurable privacy, the platform lets ETF issuers, authorized participants, and market makers add digital wallets, programmable transfers, and onchain ownership to the existing ETF ecosystem.
According to ANDRA’s announcement, ANDRA stands for Adaptable Network Designed for Regulated Assets, and tokenization on the platform runs at the ETF issuer’s direction, within the fund’s existing transfer-agent relationship.
The launch follows a regulatory milestone: on September 4, Adaptable Network Designed for Regulated Assets LLC, a subsidiary of Andra Infrastructure Holdings, became registered with the SEC as a transfer agent.
ANDRA also shared the launch through its official LinkedIn account, framing the platform as the next step after that transfer-agent registration.
What ANDRA’s Platform Connects
Tokenizing an ETF involves more than creating a digital representation of its shares. Existing ETFs depend on a network of issuers, transfer agents, authorized participants, market makers, administrators, custodians, and settlement infrastructure, a web of relationships comparable to the mechanics explained in the best crypto ETF funds in 2025.
ANDRA’s platform adds an onchain layer to those existing operations rather than create a separate market around tokenized funds.
ANDRA CEO and co-founder Rali Perduhova said the industry has made significant progress proving securities can move onchain, but the next challenge is making that activity work with the infrastructure ETFs already depend on.
She said the transfer-agent registration, the platform, and the industry collaboration ANDRA is convening all point toward the same goal: moving tokenized ETFs from experimentation toward practical implementation.
| Existing ETF Market | ANDRA’s Tokenized Layer |
| ETF issuers | Onchain ownership |
| Authorized participants | Digital wallets |
| Market makers | Programmable transfers |
| Transfer-agent records | Blockchain-based activity |
Table 1. How ANDRA’s platform connects existing ETF infrastructure to onchain capabilities.
That connection is central to ANDRA’s approach. The platform isn’t simply designed to create a blockchain token that resembles an ETF, but to connect the tokenized representation with the regulated records underlying the fund, keeping onchain activity aligned with the official transfer-agent records while supporting settlement, compliance, and digital distribution.
The Transfer-Agent Registration Came First
The platform launch followed ANDRA’s move into transfer-agent infrastructure about one month earlier.
| Date | Development |
| September 4, 2026 | ANDRA subsidiary registered as an SEC transfer agent |
| October 5, 2026 | Institutional ETF tokenization platform launched |
Table 2. ANDRA’s sequence from transfer-agent registration to platform launch.
The sequence gives the launch additional context: ANDRA’s platform arrived shortly after its subsidiary became a registered transfer agent, linking the company’s tokenization plans with a function responsible for maintaining official ownership records, since institutional tokenization requires more than blockchain infrastructure alone.
Why Canton’s Privacy Model Matters Here
The platform is built on the Canton Network, which ANDRA describes as the only public, permissionless blockchain purpose-built for institutional finance, combining privacy, compliance, and scalability. Canton’s governance is independently facilitated by the Canton Foundation, and the network is powered by its native token, Canton Coin.
Digital Asset’s Global Head of RWA, Georg Schneider, said this is an important step forward for bringing tokenized ETFs into institutional markets. He added that Canton has shown institutional adoption can accelerate meaningfully when participants operate onchain within existing workflows while maintaining the privacy, control, and compliance they require.
He also said ANDRA’s platform creates another pathway toward real-world adoption, relevant to the institutional momentum covered in how BlackRock’s Bitcoin ETF is changing institutional demand.
An Industry Working Group Is Addressing the Operational Details
In parallel, ANDRA has formed an industry working group bringing together senior participants from across the ETF ecosystem, addressing the operational challenges of bringing tokenized issuer-sponsored ETFs to market, including how issuers, authorized participants, market makers, and administrators work together, plus questions about settlement, compliance, and potential pilot programs.
This indicates ANDRA is approaching tokenization as an operational challenge as well as a technology project. The objective isn’t simply to create tokens. The participants that already support the ETF market also need to be able to work with the tokenized assets.
Tokenization Doesn’t Replace Existing ETF Infrastructure
As tokenized funds move from pilots toward production, the ANDRA platform adds an onchain layer to existing fund operations rather than creating a separate model.
Its Canton-native architecture supports permissioned workflows, privacy-preserving auditability, and interoperability across regulated financial-market infrastructure, giving fund issuers and service providers the transfer-agent controls, reconciliation, auditability, and collateral-readiness tokenized ETFs require, designed to interoperate with incumbent systems.
What Comes Next
The next phase for ANDRA involves bringing market participants into the platform, continuing work through its industry working group, and exploring potential pilot programs.
The September transfer-agent registration and October platform launch provide the foundation for that effort, though ANDRA hasn’t disclosed a timeline for when pilot programs might begin or which ETF issuers, if any, have committed to using the platform.
What this means for you: ANDRA has launched an institutional ETF tokenization platform designed to connect onchain ownership and programmable transfers with the existing infrastructure behind ETFs.
The launch followed the September 4 registration of an ANDRA subsidiary as an SEC transfer agent, creating a progression from regulated ownership infrastructure to an operational tokenization platform. The company’s approach focuses on integration rather than replacing traditional ETF participants, with the next stage centered on institutional participation, potential pilots, and practical adoption.
This article is for informational purposes only and does not constitute investment, legal or financial advice. Tokenization arrangements remain subject to applicable regulations, approvals and implementation requirements.
