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Torfex
Torfex is an asset manager; the Altss profile covers its classification, headquarters, registration, AUM band, and key contacts for private-markets...
Overview
Torfex Ltd. is an exempt reporting adviser in Denver, CO. It advises clients on investment strategies. The firm is headquartered in Denver.
General information
Firm type
Asset Manager
Frequently asked questions
What assets backed the TORFX token?
The token was backed by a portfolio of short-duration trade finance receivables, including factoring agreements and supply-chain finance instruments. These obligations were originated by a Dubai-based affiliate that provided financing to small and medium-sized exporters in the Gulf region. The receivables were described as self-liquidating, with repayment expected upon the sale of underlying goods.
Where was Torfex regulated, and what framework applied?
Torfex Ltd. was incorporated in Bermuda and operated under the island's Digital Asset Business Act (DABA). This legislation provides a licensing and supervisory regime for companies conducting digital asset issuance, custody, and exchange services. The firm's public documentation emphasized this regulatory status as a key differentiator from unregulated token offerings.
What was the role of the Dubai-based affiliate?
A related entity in Dubai originated the trade finance receivables that backed the TORFX tokens. This affiliate sourced funding opportunities with exporters trading goods across the Middle East, Africa, and South Asia. The cross-border structure separated asset origination (Dubai) from the token issuance vehicle (Bermuda), layering distinct legal jurisdictions between investors and end-borrowers.
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