# ISIN Assignment & Transferability ## Investor Rights & Legal Protections Token holders obtain rights comparable to early-stage equity investors. #### Rights Typically Include * Economic rights over compartment assets * Proceeds participation (if startup exits) * Access to transparent reporting * Transfer rights during liquidity windows * Rights defined in the AMC prospectus ### What Token Holders Do Not Receive To keep structure clean and manageable: * Voting rights in the startup * Operational influence * Direct shareholder entry into the cap table Instead, investors hold securitised financial instruments backed by the SPV’s equity stake. *** ### Bankruptcy-Remote Protection A critical advantage of this structure is investor protection. Through Filedgr’s securitisation model: * Each compartment is a stand-alone legal entity * Assets cannot be claimed by creditors of other compartments * Startup insolvency does not affect the securitisation platform * The platform’s insolvency does not affect the compartment * The management company itself is an orphan structure This is the highest standard of asset protection in structured finance. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.theangel.app/tokenisation-and-legal-structure/isin-assignment-and-transferability.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.