Risk Management • Regulatory Compliance • RWAs Tokenization & STO Structuring
Institutions entering digital assets lack the infrastructure to execute safely: the risk frameworks, compliance architecture, and structuring expertise that regulated markets demands.
Polka bridges that gap.
We combine audit best practices, investment banking structuring discipline, and operational experience in regulated digital assets markets to deliver advisory solutions that institutions can act on, and regulators can stand behind.
Whether you require full outsourcing of a function, specialist support on a defined project, or expert augmentation of your existing Risk or Compliance team, we work alongside you in the way that fits your organisation.
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RWAs Tokenization & STO StructuringFor alternative assets operators seeking to access institutional capital through a regulated, asset-backed token offering.
RWAs Tokenization is no longer a concept, it is an active capital markets activity. Mining companies, AI data centers, real state owners, infrastructure operators, and private credit managers can structure Security Token Offerings (STOs) to access a new class of institutional investor. Doing it correctly requires getting the legal architecture, regulatory framework, and financial structure right from Day 1.
Polka advices issuers end-to-end on the design and structuring of compliant RWAs Tokenization programmes and STOs under EU and Luxembourg frameworks, from initial asset assessment through investor materials and issuance readiness.
- Asset legal characterisation and securities classification
- Regulatory framework selection and mapping
- Cross-jurisdictonal corporate structuring
- Yield model design and token economics
- Capital structure definition across equity and tokenized instruments
- Investor materials
- STO positioning and differentiation strategy
Who this is for: BTC Mining companies • Data center operators • Infrastructure assset owners • Real estate and private credit managers • Commodities • Any operator with real, revenue-generating assets seeking institutional capital through a compliant tokenized structure. -
Risk & Controls AdvisoryFor banks, asset managers, fintechs, CASPs, stablecoin issuers, and tokenization operators that need institutional-grade risk infrastructure around their digital asset activities.
Operating in digital assets without a robust risk and controls framework is not a competitive strategy: it is a liability. Regulators require it. Institutional counterparties expect it. Auditors will test it.
Polka designs, implements and monitors risk and internal controls frameworks calibrated specifically for digital assets operations - whether you are launching a tokenized product, issuing a stablecoin, running a CASP, or building a digital assets function within a regulated institution.
Our Risk & Controls Advisory is delivered across four products, which can be engaged independently or as a progressive programme:
1. Risk Assessment: Understand where you stand
2. Controls Design & Implementation: Build what you're missing
3. Governance & Reporting Setup: Make it operational
4. Fractional Risk Manager: Keep it running
Who this is for: designed for organizations at different stages of maturity:
- No internal function yet: Polka builds and runs your risk framework from the groud up, acting as your outsourced Risk Manager.
- Building internal capability: Polka delivers a defined project to establish the foundation your team will operate.
- Existing internal team: Polka augments your Risk Manager, Head of Digital Assets, or compliance function with specialist digital assets expertise they may not have in-house. We support, not replace.
Applies to: Tokenization projects • Stablecoin issuances • CASPs operations • Digital Assets functions within banks and asset managers. -
Regulatory ComplianceFor CASPs, exchanges, stablecoin issuers, and financial institutions that need to comply with a specific regulatory framework, by a deadline.
Regulatory Compliance in digital assets is not a one-time exercise. MiCA, DORA, and applicable frameworks in other jurisdictions impose ongoing obligations - licensing requirements, reserve and capital thresholds, reporting cadences, and operational standards - that require active management, not just initial implementation.
Polka advices on the full compliance lifecycle: from initial gap analysis and licensing readiness through compliance programme design and ongoing regulatory reporting obligations.
Compliance Readiness
- Regulatory gap analysis against applicable frameworks
- Licensing roadmap and application support
- Reserve, capital, and safeguarding requirements review
- Compliance programme design and implementation
Ongoing Regulatory Obligations
- Periodic regulatory reporting to NCAs and competent authorities
- Reserve and capital adequacy monitoring and reporting
- Incident reporting frameworks (DORA)
- Regulatory change monitoring and horizon scanning
- Support for regulatory inspections and supervisory enquiries
Who this is for: CASPs seeking/holding MiCA authorisation • Stablecoin issuers • Exchanges and digital assets platforms building compliance programmes • Banks and fintechs mapping digital assets activities againts applicable frameworks.
