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Valoris Ringfence

Protected cell segregation engine for Gibraltar PCCs and Experienced Investor Funds: one register per cell, assets and liabilities kept apart.

Contact us to access the Valoris pilot

Purpose

Ringfence keeps a separate register, cap table, document set and ledger for each protected cell, so that the cell manager, administrator and investors can show at any time which assets and investors belong to which cell.

Legal framework it fits

  • Protected Cell Companies Act 2001 (Act 2001-22): statutory segregation of cellular assets; the PCC remains a single legal person
  • Part 1A of the Act (in force since 30 July 2026): tokenised shares and DLT share registers
  • GFSC consent required to establish a PCC (s. 11), available for debt-issuing vehicles, collective investment schemes and insurance companies
  • Financial Services (Experienced Investor Funds) Regulations 2020, for funds structured as EIFs; licences remain with the fund, manager or administrator
  • Investor eligibility: experienced investor tests applied before onboarding

Core features

  • Separate register and ledger per cell
  • Cell creation workflow with core / cell asset split
  • Experienced-investor eligibility checks and blocked jurisdictions
  • Per-cell document room and NAV / distribution records
  • Cross-cell transfer prevention

Functions that can be added under this legal order

  • Insurance PCC cells (captive / rent-a-cell)
  • Administrator reporting pack per cell
  • Multi-currency share classes

Roles on the platform

IssuerPCC or cell issuing shares to investors.
Trustee / administratorFund administrator or cell manager keeping cell records.
Bank / custodianBank / custodian with per-cell accounts.
Supervisory viewRead-only view for auditors or the GFSC on request.
InvestorSees only own holdings, documents and distributions; onboarding only after eligibility checks.

All entities, assets and investors shown in the pilot and demo are fictitious sandbox data.

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