Real London Property. Digital Precision.
LBC Token is a GBP-denominated security token issued by London BTR Capital for qualified investors. Capital is deployed exclusively through DNA Real Estate into Greater London's living sector - one of the world's most supply-constrained real estate markets.
£300,000,000
Total Capital Programme
9.0% p.a.
Tranche A Annual Return (PIK)
~5-7 Years
Investment Horizon
For Qualified and Institutional Investors Only. Not available to UK residents. Capital at risk. This is not financial advice. View full disclaimer.
About
What is the LBC Token?
The LBC Token is not a cryptocurrency and it is not speculative. It is an institutional-grade digital secured debt instrument, issued digitally for efficiency.
Investors acquire security tokens issued by London BTR Capital. London BTR Capital works exclusively with DNA Real Estate, an established London developer, providing a secure loan facility to fund its Greater London development sites. Investors earn a fixed annual return and are repaid from proceeds when those sites are completed and sold or refinanced.
The word "token" refers only to how the investment is recorded and administered - digitally on a blockchain ledger. The economics are identical to a traditional private credit instrument.
In simple terms
You lend money. London property gets built. You earn 9% per year on your loan. When the property is sold, you get your money back - plus everything it has earned. The developer only profits after you have been fully repaid.
What LBC Token IS
A fixed-return secured debt instrument
Institutional-grade private credit structure.
GBP-denominated
All amounts in British Pounds Sterling.
Asset-backed
Capital deployed into real London property sites.
Senior to sponsor
Investors are paid before the developer sees any profit.
Issued digitally
Cleaner administration, faster onboarding, transparent records.
What LBC Token is NOT
- ✕Not a cryptocurrency or speculative digital asset.
- ✕Not equity - investors do not own shares in any company.
- ✕Not a traded token - transfers are controlled and restricted.
- ✕Not available to UK residents - see regulatory notices.
Opportunity
Why London. Why Now.
London has a decades-long structural housing deficit. That deficit is the foundation of this investment case.
The Greater London Authority identifies a need for approximately 66,000 new homes per year. Actual delivery averages fewer than 35,000. The cumulative shortfall now exceeds 300,000 homes. London BTR Capital channels institutional-grade private credit into living sector projects that help close this gap.
The Numbers
300,000+
Cumulative London housing shortfall
£5.7bn
UK living sector investment (2023, CBRE/BPF)
15%+
Prime London rental growth 2022–23 (Knight Frank)
115,000+
BTR units completed in the UK (BPF/Savills 2024)
What London BTR Capital is Building
3 Sites
West & North London - active planning progression
~2,500 Units
BTR, Co-Living, PBSA & Mixed-Use
>£1.5bn GDV
Gross Development Value at current market values
Asset Mix
Living sector
Build-to-Rent Residential
- Demand driver
- Structural rental demand and declining homeownership.
- Why it works
- Planning uplift, development margin, and institutional exit yield.
Living sector
Co-Living
- Demand driver
- Affordability-constrained urban renters aged 18–35.
- Why it works
- 20–35% higher revenue per sq. ft. than standard BTR.
Living sector
Purpose-Built Student Accommodation (PBSA)
- Demand driver
- 400,000+ London students; bed shortfall at UCL, Imperial, and King's.
- Why it works
- Index-linked income and predictable annual demand cycle.
Living sector
Hospitality & Commercial
- Demand driver
- Planning requirements and corporate/leisure demand.
- Why it works
- Diversified income and enhanced planning consent.
Token
Token Structure & Tranche Terms
Tranche A
- Capital Target
- £150,000,000
- Annual Return
- 9.0% per annum
- Return Type
- PIK - compounding annually
- Investment Horizon
- ~5-7 years
- Availability
- OPEN NOW - early investor priority
- Return Multiple (5 Yrs)
- 1.54x on invested capital
- Minimum Subscription
- Contact investor relations
Tranche B
- Capital Target
- £150,000,000
- Annual Return
- 7.5% per annum
- Return Type
- PIK - compounding annually
- Investment Horizon
- ~5-7 years
- Availability
- Opens after Tranche A closes
- Return Multiple (5 Yrs)
- 1.44x on invested capital
- Minimum Subscription
- Contact investor relations
What is PIK?
Payment-in-Kind means that instead of quarterly cash interest, your return accrues throughout the investment period and is paid as a single lump sum when development sites are monetised.
Example: £1,000,000 invested at 9.0% p.a. grows to £1,538,624 by year five, paid in full upon exit.
Returns
What Your Investment Could Grow To
All figures below are illustrative, based on annual compounding at the stated rate. Returns are not guaranteed. All amounts in GBP.
Projected returns
Tranche A - 9.0% Per Annum (Illustrative)
| Investment | 3 Years | 5 Years | 7 Years | 10 Years |
|---|---|---|---|---|
| £250k | £323,881 | £384,656 | £456,674 | £591,839 |
| £500k | £647,762 | £769,312 | £913,348 | £1,183,678 |
| £1M | £1,295,029 | £1,538,624 | £1,826,696 | £2,367,364 |
| £2.5M | £3,237,573 | £3,846,560 | £4,566,740 | £5,918,410 |
| £5M | £6,475,146 | £7,693,120 | £9,133,480 | £11,836,820 |
Important disclaimer
These figures are illustrative only, based on annual compounding at the stated rate. They do not represent a guarantee of actual returns. The LBC Token is a private market debt instrument; actual returns depend on the performance of the underlying development programme. Capital is at risk. Past performance of comparable assets is not a guide to future results. Prospective investors should obtain independent financial advice before making any investment decision.
Protection
How Your Investment is Protected
LBC Token is structured to give investors a defined priority position and a documented enforcement pathway. You sit above the developer in the repayment hierarchy - they do not see profit until you have been fully repaid.
Six Layers of Investor Protection
Ring-Fenced Issuer SPV
London BTR Capital. exists solely to issue LBC Tokens and manage investor capital. No cross-contamination from unrelated activities.
Share Charge Security
Security over the shares of DNA Real Estate. - the entity that owns the development sites. If things go wrong, investors have an enforcement pathway to the real estate.
Independent Security Agent
An independent professional trustee holds security on behalf of all LBC Token holders collectively. Enforcement is coordinated - no single investor can act alone or be disadvantaged.
Intercreditor Agreement
Legal document governing how LBC Token holders and senior construction lenders interact. Gives clarity on waterfall priority and investor consent rights.
Sponsor Subordination
DNA Real Estate. is contractually prohibited from receiving any distributions or profit until every LBC Token holder has been fully repaid - principal plus all accrued return.
Smart Contract Audit
Independent audit of the token smart contract is required before capital deployment. Off-chain legal documentation provides an independent record of investor rights.
Repayment Waterfall - Who Gets Paid First
On any realisation event (property sale, refinancing, or forward-fund agreement), proceeds are distributed in this strict order:
Senior Construction Lenders
Repayment of senior facility principal, accrued interest, and any break costs.
LBC Token Holders - Principal
Full return of all investor principal, in full, before the developer sees any proceeds.
LBC Token Holders - Accrued Return
All accrued PIK return at the applicable tranche rate, compounding annually from subscription date.
Platform Costs & Reserves
Any residual platform costs, administration charges, or reserve adjustments.
Sponsor / DNA Real Estate.
Only after investors have been repaid in full - both principal and all accrued return.
The developer profits only if you profit first. That is genuine alignment.
The Team
Decades of London Real Estate Experience
The DNA RE Holdings team brings over 40 years of combined London development expertise, institutional capital market relationships, and a live £1 billion+ GDV pipeline in active execution.
Amar Randhawa
Founding Partner
BSc Theoretical Physics, UCL. 15+ years London real estate; prior career in fixed income and equities. Completed projects >£250M GDV across Prime Central London.
David Scheurl
Partner
BA Economics, Stanford. 20 years capital markets. Co-founder, Metric Capital Partners (€1.6bn AUM). Former Senior Advisor, Signal Capital (€2.5bn). Deutsche Bank European Leveraged Finance.
Simon Wigzell MRICS
Commercial Director
Cushman & Wakefield trained. Former Head of Group Property, CLS Holdings (FTSE 250): grew portfolio from £1.5bn to £2.3bn across UK, Germany, and France. 13 years with BAA Plc.
Cyril Ogunmakin
Development Director
Former CEO, Interland. 1,200+ residential, co-living, and PBSA planning consents delivered. Former MD, The Mason Group (£200M+ acquisitions). Senior lender relationships: RBS, Investec, Secure Trust Bank.
Julian Bell
Planning Director
30 years national and London government. Former Leader, London Borough of Ealing (11 years). Executive Member, London Councils. TfL Board member. Deep network across London planning authorities.
Cedric Houghton-Brown MRICS
Chartered Surveyor
BSc (Hons) Quantity Surveying, London South Bank University. MRICS, PrQS, PMAQS. 30+ years in construction consultancy, real estate development, and development finance. Cost Consultant, Employer's Agent, Project Manager, and Independent Monitoring Surveyor at leading global consultancies; recently with EVH Finance, Fortwell Capital, and Amicus Finance.
Corporate Partners
Institutional Partners to LBC
London BTR Capital works with specialist advisors and service providers across legal, corporate structuring, and tokenisation infrastructure.
Rasma Legal
Legal advisors to LBC.
Hatstone
Corporate service provider to LBC.
Zoniqx
Tokenisation platform partner.
The Process
Seven Steps to Subscribing
The investment process is guided and fully supported. From your first enquiry to receiving your LBC Token allocation, each step is handled with institutional-grade care.
Register Your Interest
Complete the online interest form or contact investor relations directly. No commitment required at this stage.
Investor Qualification
Complete a short eligibility process to confirm your status as a qualified or institutional investor. Execute a mutual NDA.
Receive Full Materials
Access the full Information Memorandum, detailed financial projections, site-specific GDV analysis, and complete legal structure documentation.
KYC / AML Onboarding
Provide identity documents, source of funds confirmation, and entity documentation via a secure digital onboarding portal. Your wallet address is whitelisted.
Subscribe
Execute the subscription agreement and transfer your capital commitment in GBP. Receive confirmation of capital receipt.
Receive LBC Tokens
LBC Tokens are minted to your verified wallet address. You receive a token allocation confirmation and your opening position statement.
Monitor & Receive Updates
Access your investor portal for quarterly project updates and annual accrual statements. At monetisation, receive formal repayment notice and settlement.
Tranche A is open now. Once £150,000,000 is subscribed, the 9.0% rate closes permanently.
FAQ
Questions & Answers
General Questions
The LBC Token is a digital debt instrument - not a cryptocurrency for speculation. It uses blockchain for record-keeping and offers a fixed return of 9.0% or 7.5% per annum, similar to a traditional private loan note.
Capital is on-lent to DNA Real Estate. to fund three residential development sites in Greater London (Build-to-Rent, Co-Living, and Student Accommodation) with a combined GDV exceeding £1 billion.
The investment horizon is approximately 5-7 years. It is a PIK (Payment-in-Kind) instrument - returns are paid as a lump sum at maturity rather than as regular income.
The security package includes a share charge over the holding company, an independent security agent, and contractual protections against sponsor distributions before investors are repaid.
Not available to UK investors. Exclusively for Qualified / Institutional Investors as defined by applicable law. KYC/AML verification is required.
Minimum subscription is confirmed during the qualification process. Contact investor relations for current terms.
Technical & Token Questions
Specific platform, smart contract, and wallet requirements are provided in the Information Memorandum after an NDA is signed.
There is no secondary market. Tokens are illiquid and transfers are restricted to whitelisted addresses only.
Smart contracts undergo independent audits before capital deployment. Off-chain legal documentation also records investor rights.
All subscriptions and repayments are in GBP (British Pounds Sterling). Investors using other currencies are responsible for their own conversion and currency risk.
Get Started
Ready to Learn More?
Tranche A is open now at 9.0% per annum. Register your interest and our investor relations team will be in touch within one business day.