diff --git a/src/controllers/invoice.controller.ts b/src/controllers/invoice.controller.ts
index 0b570a9..a679292 100644
--- a/src/controllers/invoice.controller.ts
+++ b/src/controllers/invoice.controller.ts
@@ -344,9 +344,14 @@ export function createInvoiceController(invoiceService: InvoiceService) {
       next: NextFunction,
     ): Promise<void> {
       try {
+        const authReq = req as AuthenticatedRequest;
+        if (!authReq.user) {
+          throw new HttpError(401, "Authentication required");
+        }
+
         const { id } = req.params;
 
-        const result = await invoiceService.getInvoiceTokenHolders(id);
+        const result = await invoiceService.getInvoiceTokenHolders(id, authReq.user.id);
 
         res.status(200).json({
           success: true,
diff --git a/src/services/invoice.service.ts b/src/services/invoice.service.ts
index f77eec2..cd9a91f 100644
--- a/src/services/invoice.service.ts
+++ b/src/services/invoice.service.ts
@@ -429,12 +429,12 @@ export class InvoiceService {
   /**
    * Get all token holders for a published invoice with their token balances and percentage shares
    */
-  async getInvoiceTokenHolders(invoiceId: string): Promise<
+  async getInvoiceTokenHolders(invoiceId: string, sellerId: string): Promise<
     Array<{
-      walletAddress: string;
-      investmentAmount: string;
-      percentageShare: string;
-      status: InvestmentStatus;
+      wallet: string;
+      amount: string;
+      share_percent: string;
+      committed_at: Date;
     }>
   > {
     const invoice = await this.invoiceRepository.findOne({
@@ -445,6 +445,10 @@ export class InvoiceService {
       throw new ServiceError("invoice_not_found", "Invoice not found", 404);
     }
 
+    if (invoice.sellerId !== sellerId) {
+      throw new ServiceError("unauthorized_invoice_access", "You can only view investors for your own invoices", 403);
+    }
+
     if (invoice.status === InvoiceStatus.DRAFT) {
       throw new ServiceError(
         "invalid_invoice_status",
@@ -488,11 +492,14 @@ export class InvoiceService {
             .times(100)
             .toDecimalPlaces(2);
 
+      const address = investor.stellarAddress || "";
+      const truncatedWallet = address.length > 8 ? `${address.slice(0, 4)}...${address.slice(-4)}` : address;
+
       return {
-        walletAddress: investor.stellarAddress,
-        investmentAmount: investment.investmentAmount,
-        percentageShare: percentage.toString(),
-        status: investment.status,
+        wallet: truncatedWallet,
+        amount: investment.investmentAmount,
+        share_percent: percentage.toString(),
+        committed_at: investment.createdAt,
       };
     });
   }
diff --git a/tests/integration/investor-list.integration.test.ts b/tests/integration/investor-list.integration.test.ts
new file mode 100644
index 0000000..dc86810
--- /dev/null
+++ b/tests/integration/investor-list.integration.test.ts
@@ -0,0 +1,223 @@
+import { DataSource } from "typeorm";
+import request from "supertest";
+import express from "express";
+import jwt from "jsonwebtoken";
+import { Invoice } from "../../src/models/Invoice.model";
+import { User } from "../../src/models/User.model";
+import { Investment } from "../../src/models/Investment.model";
+import { Transaction } from "../../src/models/Transaction.model";
+import { KYCVerification } from "../../src/models/KYCVerification.model";
+import { Notification } from "../../src/models/Notification.model";
+import { AuthChallenge } from "../../src/models/AuthChallenge.model";
+import { InvoiceStatus, UserType, KYCStatus, InvestmentStatus } from "../../src/types/enums";
+import { createInvoiceService } from "../../src/services/invoice.service";
+import { createInvoiceRouter } from "../../src/routes/invoice.routes";
+import { createErrorMiddleware } from "../../src/middleware/error.middleware";
+import { logger } from "../../src/observability/logger";
+import type { IPFSService } from "../../src/services/ipfs.service";
+
+describe("Investor list endpoint for funded invoice", () => {
+  let dataSource: DataSource;
+  let app: express.Application;
+  let seller: User;
+  let otherSeller: User;
+  let validToken: string;
+  let otherToken: string;
+  let fundedInvoice: Invoice;
+
+  const noopIpfsService = {} as IPFSService;
+  const mockConfig = {
+    ipfs: {
+      apiUrl: "https://api.pinata.cloud",
+      jwt: "test-jwt",
+      maxFileSizeMB: 10,
+      allowedMimeTypes: ["application/pdf"],
+      uploadRateLimit: { windowMs: 900000, maxUploads: 10 },
+    },
+    kyc: { skipVerification: true },
+  };
+
+  beforeAll(async () => {
+    const databaseUrl = process.env.DATABASE_URL;
+    if (!databaseUrl) {
+      console.warn("DATABASE_URL not set, skipping integration tests");
+      return;
+    }
+
+    dataSource = new DataSource({
+      type: "postgres",
+      url: databaseUrl,
+      entities: [
+        User,
+        Invoice,
+        Investment,
+        Transaction,
+        KYCVerification,
+        Notification,
+        AuthChallenge,
+      ],
+      synchronize: true,
+      logging: false,
+      dropSchema: true,
+    });
+
+    await dataSource.initialize();
+
+    const userRepository = dataSource.getRepository(User);
+    seller = await userRepository.save(
+      userRepository.create({
+        stellarAddress: "GSELLER123",
+        email: "seller1@test.com",
+        userType: UserType.SELLER,
+        kycStatus: KYCStatus.APPROVED,
+      }),
+    );
+
+    otherSeller = await userRepository.save(
+      userRepository.create({
+        stellarAddress: "GOTHERSELLER456",
+        email: "seller2@test.com",
+        userType: UserType.SELLER,
+        kycStatus: KYCStatus.APPROVED,
+      }),
+    );
+
+    const invoiceRepository = dataSource.getRepository(Invoice);
+    fundedInvoice = await invoiceRepository.save(
+      invoiceRepository.create({
+        sellerId: seller.id,
+        invoiceNumber: "INV-TOK-001",
+        customerName: "Token Customer",
+        amount: "10000.0000",
+        discountRate: "10.00",
+        netAmount: "9000.0000",
+        dueDate: new Date(Date.now() + 30 * 24 * 60 * 60 * 1000),
+        status: InvoiceStatus.FUNDED,
+      }),
+    );
+
+    const investor1 = await userRepository.save(
+      userRepository.create({
+        stellarAddress: "GINVESTORONE123456",
+        email: "inv1@test.com",
+        userType: UserType.INVESTOR,
+        kycStatus: KYCStatus.APPROVED,
+      }),
+    );
+
+    const investor2 = await userRepository.save(
+      userRepository.create({
+        stellarAddress: "GINVESTORTWO123456",
+        email: "inv2@test.com",
+        userType: UserType.INVESTOR,
+        kycStatus: KYCStatus.APPROVED,
+      }),
+    );
+
+    const investor3 = await userRepository.save(
+      userRepository.create({
+        stellarAddress: "GINVESTORTHR123456",
+        email: "inv3@test.com",
+        userType: UserType.INVESTOR,
+        kycStatus: KYCStatus.APPROVED,
+      }),
+    );
+
+    const investmentRepository = dataSource.getRepository(Investment);
+    await investmentRepository.save([
+      investmentRepository.create({
+        invoiceId: fundedInvoice.id,
+        investorId: investor1.id,
+        investmentAmount: "2000.0000",
+        expectedReturn: "2222.2222",
+        status: InvestmentStatus.CONFIRMED,
+      }),
+      investmentRepository.create({
+        invoiceId: fundedInvoice.id,
+        investorId: investor2.id,
+        investmentAmount: "3000.0000",
+        expectedReturn: "3333.3333",
+        status: InvestmentStatus.CONFIRMED,
+      }),
+      investmentRepository.create({
+        invoiceId: fundedInvoice.id,
+        investorId: investor3.id,
+        investmentAmount: "5000.0000",
+        expectedReturn: "5555.5555",
+        status: InvestmentStatus.CONFIRMED,
+      }),
+    ]);
+
+    const invoiceService = createInvoiceService(dataSource, noopIpfsService);
+
+    process.env.JWT_SECRET = "test-secret";
+    validToken = jwt.sign(
+      { sub: seller.id, stellarAddress: seller.stellarAddress },
+      process.env.JWT_SECRET,
+    );
+    
+    otherToken = jwt.sign(
+      { sub: otherSeller.id, stellarAddress: otherSeller.stellarAddress },
+      process.env.JWT_SECRET,
+    );
+
+    app = express();
+    app.use(express.json());
+    app.use(
+      "/api/v1/invoices",
+      createInvoiceRouter({
+        invoiceService,
+        config: mockConfig as any,
+      }),
+    );
+    app.use(createErrorMiddleware(logger));
+  });
+
+  afterAll(async () => {
+    delete process.env.JWT_SECRET;
+    if (dataSource?.isInitialized) {
+      await dataSource.destroy();
+    }
+  });
+
+  it("should return 403 when a different seller accesses the endpoint", async () => {
+    if (!process.env.DATABASE_URL) return;
+
+    await request(app)
+      .get(`/api/v1/invoices/${fundedInvoice.id}/tokens`)
+      .set("Authorization", `Bearer ${otherToken}`)
+      .expect(403);
+  });
+
+  it("should return all commitments with truncated wallets, correct amounts and shares", async () => {
+    if (!process.env.DATABASE_URL) return;
+
+    const response = await request(app)
+      .get(`/api/v1/invoices/${fundedInvoice.id}/tokens`)
+      .set("Authorization", `Bearer ${validToken}`)
+      .expect(200);
+
+    expect(response.body.success).toBe(true);
+    const commitments = response.body.data;
+    
+    expect(commitments).toHaveLength(3);
+
+    const inv1 = commitments.find((c: any) => c.wallet === "GINV...3456" && c.amount === "2000.0000");
+    expect(inv1).toBeDefined();
+    expect(inv1.share_percent).toBe("20.00");
+    expect(inv1.committed_at).toBeDefined();
+
+    const inv2 = commitments.find((c: any) => c.wallet === "GINV...3456" && c.amount === "3000.0000");
+    expect(inv2).toBeDefined();
+    expect(inv2.share_percent).toBe("30.00");
+    expect(inv2.committed_at).toBeDefined();
+
+    const inv3 = commitments.find((c: any) => c.wallet === "GINV...3456" && c.amount === "5000.0000");
+    expect(inv3).toBeDefined();
+    expect(inv3.share_percent).toBe("50.00");
+    expect(inv3.committed_at).toBeDefined();
+
+    const totalShare = commitments.reduce((acc: number, c: any) => acc + parseFloat(c.share_percent), 0);
+    expect(totalShare).toBe(100);
+  });
+});