CoreLedger
CoreLedger is a Liechtenstein-headquartered, Switzerland-based blockchain infrastructure provider that builds TEOS middleware enabling startups and enterprises across finance, real estate, supply chain, and agriculture to tokenize real-world assets without deep blockchain expertise.
- Company typePrivate
- Founded2017
- HeadquartersBaar, Switzerland
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What CoreLedger does
CoreLedger AG is a private blockchain infrastructure company founded in 2017, headquartered in Schaan, Liechtenstein, with a Swiss operating subsidiary (CoreLedger Labs LLC) in Baar, Switzerland's Crypto Valley. The company builds and operates TEOS (Token Economy Operating System), a blockchain-agnostic middleware platform that enables organizations to tokenize real-world assets (real estate, commodities, agricultural output, private credit, securities, and digital credentials) without requiring in-house blockchain expertise. TEOS combines a tokenization engine, governance and compliance rules (KYC/AML, transfer restrictions), REST APIs for integration with existing enterprise systems, and wallet management, deployable across Ethereum, Polygon, ICP, and other EVM-compatible networks. The company also holds patent-backed TokenWARP® technology for on-chain cross-border finance and multi-currency settlement, and offers an Active Sandbox for prototyping.
The company serves both startups and mid-to-large enterprises across finance, real estate, supply chain, agriculture, gemstones, healthcare, retail, and digital credentials, with a customer base that includes named clients such as Realunit, Fine Metal, Innowise Group, Shania Developments, Notardec, Intellifarm, and Finka. Revenue is generated through a hybrid model combining subscription-based TEOS middleware access, Platform-as-a-Service white-label licensing, professional services (consulting, proof-of-concept development, custom smart contract engineering), and an entry-level Launch Package that bundles business model validation with a clickable prototype.
Go-to-market is consultative and content-driven, combining educational content (blog, whitepapers, case studies), free 30-minute discovery calls, industry event participation, and channel partnerships (notably the June 2025 ICP Alliance Partner Program inclusion and a development partnership with S-PRO). The company appears to be founder-led, with Dr. Johannes Schweifer serving as CEO, and has not disclosed institutional funding or parent ownership. Compliance positioning is a deliberate differentiator, with explicit alignment to MiCA, the Swiss DLT Act, BaFin eWpG, GDPR, and the Liechtenstein Data Protection Act.
CoreLedger firmographics
Firmographics- Name
- CoreLedger
- Legal name
- CoreLedger AG
- Website
- https://coreledger.net
- Company type
- Private
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- CoreLedger is a Liechtenstein-headquartered, Switzerland-based blockchain infrastructure provider that builds TEOS middleware enabling startups and enterprises across finance, real estate, supply chain, and agriculture to tokenize real-world assets without deep blockchain expertise.
- Ownership category
- akta.pro rank
CoreLedger industry classification
Industry- Product category
- Blockchain Tokenization Platform
- NAICS
- Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (518), Computer Systems Design and Related Services (54151)
- SIC
- Services-Prepackaged Software (7372), Services-Computer Programming Services (7371)
- akta.pro primary industry
- RWA Tokenization Platforms (asset onboarding, structuring, issuance) (FSAPAIAC)
- akta.pro secondary industries
- Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity) (FSAPAIAD), Interoperability & Integration Middleware (ERP/core banking connectors, messaging, APIs, cross-chain to permissioned) (FSAPAIAL), Digital Asset Custody & Wallet Infrastructure for Institutions (MPC/HSM, key mgmt, policy controls) (FSAPAIAE)
Keywords
Where CoreLedger is headquartered
LocationHeadquarters
- HQ city
- Baar
- HQ country
- Switzerland
- HQ region
- Europe
Offices2 records
Markets served
CoreLedger business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Platform Subscription (SaaS): Subscription-based access to TEOS middleware platform with service level agreements (SLA) for maintenance and support. Customers receive licenses to use CoreLedger software products along with ongoing technical support.
- Platform-as-a-Service: White-label tokenization platform access with modular features. Provides API access for blockchain capabilities integrated into customer systems.
- Professional Services: Blockchain consulting, proof-of-concept development, and custom implementation services. Includes strategy development, architecture design, workshops, and technical support.
- Launch Package: Structured offering combining business model validation, tokenomics analysis, clickable prototype, and roadmap with realistic time and budget estimates. Entry-point service for new clients.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Hybrid | Multi-year contract | Launch Package - Entry-level engagement for blockchain concept validation |
| Subscription | Annual | Platform-as-a-Service Subscription - Ongoing middleware access |
| Other | Multi-year contract | Custom Enterprise Solutions - Tailored implementation and consulting |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels7 records
CoreLedger product offering
Product offeringCore offering
CoreLedger provides a blockchain-agnostic middleware platform (TEOS - Token Economy Operating System) that enables enterprises and startups to tokenize real-world assets such as real estate, commodities, private credit, and agricultural products. The offering combines white-label tokenization infrastructure, patent-backed TokenWARP® technology for cross-border finance, embedded KYC/AML compliance, and REST APIs for integration with existing systems. Complementary services include a structured Launch Package, on-demand consulting, proof-of-concept development, and custom blockchain software development.
Product overview
CoreLedger offers a unified platform architecture centered on TEOS (Token Economy Operating System), a blockchain-agnostic middleware platform complemented by its patent-backed TokenWARP® technology. The portfolio includes a White-Label Tokenization Platform for branded deployments, the Active Sandbox for rapid prototyping, and a Launch Package for streamlined go-to-market. Core services encompass Software Development, Consulting, and Platform-as-a-Service. Key differentiators include no-code/low-code tokenization, compliance-ready infrastructure supporting MiCA, Swiss DLT-Act, and BaFin eWpG frameworks, and multi-chain deployment capabilities across Ethereum, Polygon, and ICP networks.
Differentiator
Problem solved
Functional benefit
Products and services
- Token Economy Operating System (TEOS) A blockchain-agnostic, modular middleware platform for enterprise real-world asset tokenization that supports complex token models (ownership, usage rights, benefit tokens), no-code/low-code implementation, and compliance-ready architecture with built-in KYC and AML integration.
- TokenWARP® Patent-backed technology enabling on-chain cross-border finance, automated FOREX conversions involving multiple currencies simultaneously, and building decentralized exchanges with advanced multi-asset settlement capabilities.
- White-Label Tokenization Platform (Platform-as-a-Service) A modular, customizable white-label tokenization platform that allows businesses to deploy branded tokenization infrastructure with API integration capabilities.
- Launch Package A structured offering that takes clients from idea to an investable roadmap within weeks, including business model validation, tokenomics analysis, clickable prototype, and a realistic roadmap with time and budget estimates.
- Blockchain Software Development Services Custom blockchain software development services including smart contract development, blockchain application development, decentralized exchange development, and integration of blockchain capabilities into existing business processes.
- Blockchain Consulting and Proof-of-Concept Services On-demand blockchain consulting services bringing seven years of expertise, including blockchain strategy development, technology selection, architecture design, and proof-of-concept building to validate feasibility before full-scale implementation.
- Active Sandbox A sandbox environment enabling rapid creation of cost-effective prototypes and tangible proofs-of-concept, allowing businesses to test and validate blockchain concepts in real-world scenarios before committing to full-scale development.
Quantifiable outcome
- 80% faster time-to-market compared to custom blockchain builds
- +4 more outcomes
Companies that use CoreLedger
Customer profileNamed customers12 records
Segments8 records
Ideal customer profiles3 records
CoreLedger technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
CoreLedger partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- ICP Alliance / DFINITYcoreOfficial inclusion in ICP Alliance Partner Program announced June 3, 2025 at 4th ICP Anniversary: World Computer Summit in Zurich. As integration partner, CoreLedger leverages its blockchain infrastructure to support businesses building real-world solutions on the ICP network. Benefits include early access to new ICP features, dedicated relationship manager, lead-sharing, priority enterprise client referrals, exclusive marketing collaboration, and official use of ICP Alliance Partner Badge.
- S-PROcoreStrategic partnership combining CoreLedger's TEOS middleware with S-PRO's custom front-end development expertise. Partnership enables cutting development costs by up to 80% and reducing build time from 24 months to 3-6 months for enterprise clients.
Scale indicators7 records
Recent moves5 records
Expansion highlights3 records
CoreLedger competitors and assessment
Company assessmentEmerging players
- Maple Finance: Tokenized private credit and on-chain lending infrastructure. Comparable to CoreLedger's tokenized credit/fund use cases under its Finance & Banking vertical.
- RealT: Real estate tokenization platform issuing fractional property ownership tokens. Comparable to CoreLedger's real estate vertical customers (e.g., Shania Developments) and a downstream user of similar tokenization infrastructure.
Direct peers
- Securitize: Leading RWA and security token issuance platform offering tokenization, compliance, and secondary trading infrastructure. Highly comparable to CoreLedger's TEOS in target customers (asset managers, fund issuers) and compliance-first architecture.
- Tokeny: Enterprise-grade tokenization platform focused on issuing, managing, and transferring regulated securities on-chain. Comparable to CoreLedger in MiCA-aligned compliance tooling and institutional issuer focus.
- Polymath: Security token platform providing tokenization infrastructure, compliance modules, and investor onboarding for issuers. Comparable as a direct tokenization middleware competitor in the regulated securities space.
- tZERO: Security token issuance and alternative trading system (ATS) for tokenized securities. Comparable to CoreLedger in tokenizing real-world financial instruments and serving capital markets participants.
- Bitbond: Tokenization platform focused on regulated digital securities issuance and asset-backed tokens. Comparable to CoreLedger's TEOS in enabling SMEs and enterprises to issue compliant tokenized instruments.
- Ownera: Interoperability layer for tokenized assets connecting banks, custodians, and distributed ledgers using open protocols (FinP2P). Comparable to CoreLedger in cross-chain tokenization and institutional interoperability ambitions.
Broad incumbents
- R3 Corda: Enterprise permissioned blockchain platform widely used by financial institutions for tokenization and digital asset initiatives. Comparable as a broader incumbent offering competing infrastructure for the same regulated asset use cases.
- Hyperledger (Linux Foundation): Open-source permissioned blockchain frameworks (Fabric, Besu) used by enterprises for asset tokenization and consortium networks. Comparable as a broader infrastructure incumbent that some of CoreLedger's enterprise customers could alternatively adopt.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
CoreLedger social profiles
Digital presenceCoreLedger compliance and trust
Trust signalCompliance5 records
CoreLedger financial estimates
Financial estimateRevenue estimate
Valuation estimate
CoreLedger leadership team
Management profileNumber of profiles
Profiles3 records
CoreLedger subsidiaries and ownership
Company hierarchySubsidiaries1 record
CoreLedger funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
CoreLedger M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about CoreLedger
What does CoreLedger do?
CoreLedger provides a blockchain-agnostic middleware platform (TEOS - Token Economy Operating System) that enables enterprises and startups to tokenize real-world assets such as real estate, commodities, private credit, and agricultural products. The offering combines white-label tokenization infrastructure, patent-backed TokenWARP® technology for cross-border finance, embedded KYC/AML compliance, and REST APIs for integration with existing systems. Complementary services include a structured Launch Package, on-demand consulting, proof-of-concept development, and custom blockchain software development.
Is CoreLedger a public or private company?
CoreLedger is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was CoreLedger founded?
CoreLedger was founded in 2017. It employs 11 to 50 people.
Where is CoreLedger based?
CoreLedger is headquartered in Baar, Switzerland, in the Europe region.
How does CoreLedger make money?
Four revenue lines are on record. Platform Subscription (SaaS) is the primary driver. The others are platform-as-a-Service, professional Services and launch Package.
Who are CoreLedger's main competitors?
Emerging players on record are Maple Finance and RealT. Direct peers are Securitize, Tokeny, Polymath, tZERO, Bitbond and Ownera. Broad incumbents are R3 Corda and Hyperledger (Linux Foundation).
Does CoreLedger have an API?
Yes. CoreLedger provides a powerful API that integrates seamlessly with existing systems to enhance blockchain capabilities and streamline operations. The API exposes blockchain functionality through REST APIs that web applications consume, enabling developers to integrate blockchain capabilities without becoming blockchain specialists. TEOS middleware handles data transformation between blockchain formats and business application structures. Developer documentation is at coreledger.net/de/documentation.
What industry is CoreLedger in?
CoreLedger's product category is Blockchain Tokenization Platform. Its primary akta.pro industry code is FSAPAIAC, RWA Tokenization Platforms (asset onboarding, structuring, issuance), with a secondary code of FSAPAIAD, Tokenized Securities & Capital Markets Infrastructure (equities, bonds, funds, ATS/MTF connectivity). Its NAICS code is 518 and its SIC code is 7372.