Alphian Asset Management (HK) Ltd · Type 4 & Type 9 regulated activities · Prototype environment

Control

Risk and exposure

Concentration is monitored by product, provider, issuer, settlement asset, network and custodian. Valuation age is treated as a first-class risk.

Data as at 2026-08-05 01:40 UTC · Simulated provider and custodian feeds

Simulated data. Product terms, prices, balances and settlement references are placeholders pending provider, custodian and legal confirmation.

Total client assets

$835.4M

4 legal accounts

Tokenised exposure

$52.6M

6.3% of client assets

Largest single product

40.5%

GCC USD fixed income

Stale valuations

3

Positions outside policy age

Concentration by product

  • GCC USD fixed income$21.3M · 40.5%
  • Supply-chain finance$12.9M · 24.5%
  • Pre-IPO private markets$12.4M · 23.6%
  • Tokenised gold$1.5M · 2.9%

Counterparty and infrastructure exposure

DimensionExposureConcentration
Provider — Libeara$1.5M2.9%
Provider — Evident$12.4M23.6%
Custody — Standard Chartered$29.6M56.3%
Custody — BNY$18.5M35.1%

Valuation freshness

Stale marks block settlement release until acknowledged by Risk.

PositionValuedStatus
Libeara Tokenised Gold2026-08-05 01:30 UTCCurrent
Stabilised GCC USD Fixed Income2026-08-04 16:00 UTCCurrent
Evident — Moonshot AI2026-05-31 00:00 UTCStale
Stabilised Australia Supply-Chain Finance2026-07-31 08:00 UTCStale
Stabilised GCC USD Fixed Income2026-08-04 16:00 UTCCurrent
Stabilised Australia Supply-Chain Finance2026-07-31 08:00 UTCStale
Stabilised GCC USD Fixed Income2026-08-04 16:00 UTCCurrent

Risk commentary

Qualitative factors that the numbers alone do not express.

  • Settlement-asset risk: 0 transaction(s) rely on the HKD stablepoint, which remains a restricted pilot with undetermined legal characterisation. Exposure windows between payment and delivery are not atomic.
  • Liquidity risk: pre-IPO and supply-chain exposures are illiquid or subject to lock-ups; redemption is not assured at the marked value.
  • Valuation risk: 3 position(s) carry marks outside policy age; performance and concentration figures should be treated as indicative.
  • Operational risk: coordinated delivery depends on provider and custodian confirmations. Failure paths are recorded as exceptions with named owners.