This section details how TheAngel ensures legal clarity and investor protection through professional securitisation structures.
For smaller raises and simple deals, TheAngel uses Special Purpose Vehicles (SPVs) that:
Hold startup equity
Issue tokenised securities
Keep founder cap tables clean
Provide clear legal claim for investors
SPVs isolate financial risk and simplify governance.
For scalable, institutional-grade fundraising, TheAngel integrates Filedgr’s securitisation funds.
Unlimited compartments
Segregated assets
Fully bankruptcy-remote
Each compartment is treated as an independent legal entity
No cross-contamination of assets
This model protects investors even in worst-case scenarios.
Tokenised investment instruments are structured as AMCs, standardised financial notes with:
Performance linked to startup equity
ISIN identification
Clear legal documentation
Compliant issuance under EU law
AMCs are widely recognised in institutional finance.
Filedgr’s orphan foundation structure ensures:
No beneficial owner
No external creditor claims
No operational conflict of interest
Legal independence between compartments
Source: Filedgr documentation
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