Built for the tokenised future: one schema across every structure
27 May 2026 · 5 min read
The liquid-alt universe is no longer a single kind of thing. Interval funds, tendered funds, and tokenised wrappers now sit side by side, and a growing share of the market carries both on-chain and off-chain data. That hybrid is where the next wave of complexity lives.
Why legacy data breaks here
Most existing databases were built for a world of quarterly filings and static fact sheets. They are now being retrofitted to handle real-time, on-chain structures they were never designed for. The result is partial coverage, high latency, and a schema that fights the data instead of fitting it.
One schema, every source
A neutral data layer has to reconcile all of it into a single, queryable schema:
- SEC filings such as N-Q, N-CSR, and 497K, parsed at source into structured data.
- Fund-administrator feeds for real-time figures.
- On-chain data for tokenised funds, with live NAV, redemptions, and ownership.
When every structure speaks the same language, an advisor can compare a traditional interval fund and a tokenised wrapper on the same screen, with the same metrics, in the same model. The convergence stops being a complication and becomes an advantage.
This matters now, not later. Liquid alts crossed six hundred billion dollars in net assets and interval funds are launching at a record pace. The infrastructure that wins will be the one built for where the asset class is going, not the one retrofitting twenty-year-old databases to catch up.