Paving the Way to Web3.
Institutional adoption of tokenized assets through battle-tested infrastructure. From asset management to investment banking, we architect the bridge between traditional finance and decentralized markets.
Advisory Experience in Tokenisation & Capital Markets
Fulminata provides senior advisory services to asset managers, financial institutions, market infrastructure providers, and Web3-native platforms navigating the institutional adoption of tokenisation and digital capital markets.
Led by Steve Whyman, Fulminata operates at the intersection of traditional capital markets, regulatory frameworks, and blockchain-based financial infrastructure—supporting clients as they design, issue, distribute, and scale tokenised financial products in a compliant, commercially viable way.
Our work spans fund and security tokenisation, collateral mobility, liquidity architecture, ecosystem integration, and institutional distribution into Web3 environments.
End-to-End Tokenization Expertise.
From initial strategy through production deployment and ongoing support, we provide comprehensive services to bring your tokenization vision to life. Our team has architected solutions for some of the world's largest asset managers.
Smart Contract Architecture
Production-grade Solidity development with expertise in ERC3643, EIP-2535 (Diamond), and institutional token standards. Gas-optimized, audited, and battle-tested at scale.
Compliance Infrastructure
On-chain identity and KYC/AML solutions using ONCHAINID and zero-knowledge proofs. We've implemented privacy-preserving verification systems for institutional clients.
Tokenization Strategy
End-to-end advisory for tokenizing real-world assets including equities, fixed income, real estate, and alternative investments. From legal structuring to technical deployment.
DeFi Integration
Bridge tokenized assets to decentralized liquidity. We architect AMM integrations, lending protocols, and yield strategies for institutional-grade digital securities.
How Clients Engage Fulminata
Clients work with Fulminata to:
Fulminata acts as an independent, senior advisor—helping institutions adopt tokenisation not as a pilot, but as durable financial infrastructure.
•Design tokenised funds, securities, and collateral frameworks aligned with institutional and regulatory standards
•Navigate platform selection, ecosystem integration, and go-to-market strategy for tokenised products
•Translate regulatory expectations and market structure into workable on-chain architectures
•Connect traditional asset managers with Web3-native distribution, liquidity, and service providers
•Support industry initiatives, consortiums, and white-paper development shaping the future of capital markets
Proven Track Record.
First Digitally Native Fund Token
Led the technical architecture and deployment of Fidelity's first ERC3643 fund token in collaboration with CitiBank. Implemented ONCHAINID for transfer agents, fund admins, and investors.
Tokenized Money Market Fund
Architected the technical infrastructure enabling Matter Labs' $50M investment in a tokenized Institutional Liquidity Fund, deployed in collaboration with Chainlink for on-chain NAV.
Bond Data Taxonomy Standard
Established the technical on-chain standard for tokenized bonds by implementing the Bond Data Taxonomy as smart contracts in collaboration with the International Capital Markets Authority.
Leadership & Relevant Experience
Stephen Whyman brings hands-on experience from the forefront of institutional digital asset adoption.
Stephen Whyman
Senior Advisor, Capital Markets & Tokenisation
Previously served as Head of Debt Capital Markets and Digital Securities at Fidelity International, where he led the firm's tokenised money market fund programme, including its application for on-chain collateral and settlement use cases.
Contributed extensively to industry-wide policy, market structure, and infrastructure initiatives, including:
- •Contributor to the International Money Market Fund Association (IMMFA) white paper on the use of tokenisation for collateral efficiency and money market fund innovation
- •Contributor to Project Guardian, via the International Capital Market Association and the Investment Association
- •Co-author of a white paper on financial composability, alongside Dr Ian Hunt, hosted by the Investment Association, examining how modular and interoperable financial infrastructure reshapes capital markets
- •Advisor on tokenisation platform strategy and implementation, including collaboration on RFP design and infrastructure selection with Securitize
- •Advisor to global asset managers on tokenised share classes, digital fund issuance, and institutional distribution into Web3 ecosystems
- •Advisor to RPM Gaming on Web3 strategy within regulated gambling and player-protection frameworks
- •Active collaborator with multiple Layer-1 blockchain ecosystems, supporting institutional onboarding, ecosystem design, and real-world asset (RWA) adoption
His work combines regulatory realism with practical delivery—bridging policy, product design, and live market infrastructure.
Matthew Pinnock
Founding Partner & Technical Lead
Former Lead Blockchain Engineer at Fidelity International's Blockchain Centre of Excellence. Technical Lead for Fidelity's tokenization initiatives including collaborations with HSBC Orion, JPMorgan Onyx, and CitiBank. Architected and led the deployment of Fidelity's on-chain NAV and the tokenization of a $7bn TradFi Money Market Fund.
- •Led deployment of Fidelity's first digitally native fund token (ERC3643)
- •Technical Lead for $50M+ AUM tokenized MMF
- •5+ years Solidity expertise with ERC3643, EIP-2535 standards
- •Solution Architect for institutional blockchain infrastructure
Transforming Digital Entertainment Through Tokenization.
The gaming and gambling industries are being revolutionized by blockchain technology. We help operators and developers build next-generation platforms with true asset ownership, transparent operations, and global reach.
In-Game Asset Tokenization
Enable true player ownership of virtual items, characters, and collectibles with cross-platform interoperability.
Provably Fair Betting
Transparent, blockchain-verified betting systems that ensure fairness and instant settlement for operators and players.
Tournament Infrastructure
Automated prize distribution through smart contracts with verifiable randomness and compliant payout mechanisms.
Regulatory Compliance
Navigate gaming and gambling regulations across jurisdictions with our specialized legal and technical frameworks.
Opening the Gates to Solana.
Through our strategic partnership with KEEL—Solana's Capital Engine and the Solana Foundation Fulminata is helping institutions and enterprises access the full potential of the Solana blockchain. We combine deep ecosystem knowledge, technical excellence, and proven tokenization expertise to accelerate your entry into both DeFi and Institutional tokenized asset markets on one of the world's fastest-growing networks.
Strategic Partnership with KEEL
KEEL is Solana's Capital Engine—powering growth and stability across DeFi and tokenized markets with up to $2.5 billion in capital allocation. Our partnership connects your tokenization initiatives directly to institutional-grade liquidity and infrastructure.
Asset Migration to Solana
Seamlessly migrate existing tokenized assets and RWAs to Solana, leveraging its high throughput, sub-second finality, and low-cost architecture for enhanced performance and broader DeFi integration.
Native Tokenization Initiatives
Launch new tokenization projects directly on Solana with our end-to-end support—from token design and smart contract development to compliance, DeFi liquidity bootstrapping, and go-to-market strategy.
DeFi & RWA Ecosystem Access
Tap into Solana's leading DeFi protocols and tokenized asset markets with our technical guidance, ensuring your tokenized assets achieve maximum interoperability, liquidity depth, and yield opportunities.
Backed by Industry Leaders.
The Fulminata Ecosystem represents a strategic alliance of premier partners committed to advancing our mission. We work with leading financial institutions and cutting-edge technology providers to deliver institutional-grade tokenization solutions.
Ready to Transform Your Operations?
Join the leading financial institutions already leveraging tokenization to unlock new opportunities. Our team is ready to guide your transformation.
Fulminata is the operating brand of Mole Advisory Ltd