Press Release

(Pictured from left to right: Matt Setchell (Co-Head, Octopus Energy Generation), Jordan McMullen (COO, Ctrl Alt), James Finch (CEO, Mobius), James Lawrence (Director of Investment Proposition, Smart Pension))

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• Industry leaders unite to explore tokenisation of renewables, benefiting pension savers
• Tokenised Renewable Assets Coalition (TRAC) aims to expand pension investment, increase efficiencies and support the UK Government’s objectives of growth and innovation
• Coalition invites others to join and explore wider tokenisation opportunities

London, UK, 10 December 2025 – Smart Pension, tokenisation infrastructure provider Ctrl Alt, pension investment platform Mobius, and renewables investor Octopus Energy Generation have signed an MoU, launching the Tokenised Renewable Assets Coalition (TRAC),  a coalition to explore how tokenisation can supercharge investments in the renewables sector and maximise savings for pension savers.

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The four founding members of TRAC will look into how blockchain-based tokenisation infrastructure can integrate with existing pension investment frameworks to reduce operational complexity, enhance liquidity and lower access costs. The aim is to develop practical and compliant models that pension providers and wealth platforms can adopt to expand their investment options and deliver better outcomes.

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TRAC combines Ctrl Alt’s structuring and tokenisation expertise, Mobius’ leading investment and unitisation platform, Smart Pension’s innovation in UK pensions, and Octopus Energy Generation’s strong experience in mobilising institutional capital into renewables - looking for new ways to overcome barriers for pension providers allocating to these assets.

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This collaboration aligns closely with the recent Mansion House Accord and the UK Government’s Pension Schemes Bill, which encourages pension providers to invest 10% of their default funds to private market assets to improve retirement outcomes for pension savers and supercharge the UK economy. 

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The government’s Financial Services Growth and Competitiveness Strategy (FSGCS) is expected to advance these initiatives further. Building on the Mansion House Compact and Accord, the FSGCS is aiming to unlock up to £50 billion in investment for UK businesses through increased pension fund allocations to private markets and support for financial services innovation.

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Smart Pension, one of seventeen signatories to the Accord that collectively represent 90% of UK active defined contribution (DC) savers, has committed to allocating 15% of its default fund to private markets and investments such as renewable energy and infrastructure projects by 2030. This commitment is exemplified by its recent £330m investment in two of Octopus Energy Generation’s renewable funds via the Mobius platform.

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This collaboration will explore practical and scalable pathways to help pension schemes work towards these targets. It also invites other participants to explore wider tokenisation opportunities. 

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James Finch, CEO of Mobius, said: “UK pensions, renewable assets and tokenisation have a huge amount to offer each other. Working alongside these fellow innovators provides the opportunity to explore how this combination could deliver meaningful benefits to UK savers. At Mobius we’re always expanding what’s possible in pensions, and this collaboration is a natural extension of that mindset"

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Matt Ong, Founder and CEO of Ctrl Alt, said: “This coalition is an important first step in demonstrating how tokenisation can unlock access to previously hard-to-reach asset classes. By integrating our tokenisation infrastructure with a trusted investment platform, a UK master trust, and one of Europe’s largest renewable energy investors, we aim to show how blockchain-based solutions can help pensions access new investment opportunities, enhance diversification and support government growth strategies.”

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James Lawrence, Director of Investment Proposition at Smart Pension, said: "We are proud to be one of the UK master trusts leading the way in technology and private markets investment, which we believe will help drive growth for the country's critical infrastructure and support our transition to a net zero economy. This collaboration will lay the foundations to help us make the innovative investments to scale, as we look to achieve tokenised AUM by the end of next year." 

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‍Matt Setchell, Co-Head at Octopus Energy Generation’s funds business, said: “Renewables are destined to be tokenised, and I couldn’t be prouder to be at the forefront of this – alongside industry trailblazers who, like us, have been driving disruption for years. Through this alliance, we’ll be able to bring innovation into one of the next-gen markets and maximise savings for hard-working pensioners, all while building out a grid powered by cheap energy.”

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About Smart Pension 

Launched in 2015, Smart Pension exceeds £8.5bn in Assets Under Management (AUM) and now serves over 1.5 million members and more than 90,000 employers. It is powered by Keystone, Smart’s global savings and retirement technology platform.

Aquiline, Barclays, Chrysalis Investments, DWS Group, Fidelity International Strategic Ventures, J.P. Morgan, Legal & General Investment Management, MUFG and Natixis Investment Managers are all investors in Smart.

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Follow Smart Pension on LinkedIn.

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About Ctrl Alt

Ctrl Alt is a leading tokenisation infrastructure provider, combining blockchain technology with expert financial engineering to deliver tailored, compliant solutions in the alternative assets space. As of December 2025, Ctrl Alt has tokenised over $460 million in assets, spanning real estate, private credit, funds, litigation finance and more.

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For further information, visit ctrl-alt.co or contact info@ctrl-alt.co.

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About Mobius

Mobius is a market-leading institutional investment platform, providing bespoke portfolio administration services for pensions schemes, trustees, advisers, asset managers and insurers. Authorised by the Prudential Regulation Authority and regulated by both the PRA and FCA, Mobius Life administers over £30 billion in assets and is committed to delivering operational efficiency, investment flexibility and long-term value for institutional clients.

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For more information visit mobiuslife.co.uk.

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About Octopus Energy Generation

Octopus Energy Generation is driving the renewable energy agenda and building green power for the future. It is reshaping the market by leading the transition to a cleaner, greener future through renewable projects connected more deeply to customers and businesses. As one of Europe’s specialist renewables investors, it manages close to 5 GW of green energy projects like wind and solar farms in 23 countries, worth £7bn ($9bn/ €8.5bn). These generate enough green power for 3.2 million homes every year - the equivalent of taking over 1.3 million petrol cars off the road.

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Octopus comes up with innovative tech-enabled products to change ingrained thinking about energy, positively influence the net zero economy, deliver cheaper energy for customers and make it easier for everyone to be a part in the energy transition. 

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For more information, visit octopusenergygeneration.com.

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Alt Ltd (FRN 974321) is an Appointed Representative of Infinity Asset Management LLP (FRN: 464315), authorised and regulated by the Financial Conduct Authority.