Brief for counsel
Structuring onchain funds: the fastest route to market, and the road to registered funds.
Sets strategy and controls every fund permission.
Allowlisted before they subscribe.
Bought and redeemed through regulated issuers.
and other lending venues
Private fund under Section 3(c)(7), offered under Reg D Rule 506(c).
Registered mutual fund under section 4(3) of the Cayman Mutual Funds Act.
Cayman master fund. Cayman feeder for non-US and US tax-exempt investors; Delaware feeder for US taxable investors.
What is the fastest way to get to market with a structure like this that works for an Invesco or a JPM?
Independent manager. Operates the fund and makes every investment decision.
Subscribe and redeem onchain.
Issued and settled onchain.
Recreate the entire fund life cycle end to end on a blockchain.
Keeps the onchain share register and processes subscriptions and redemptions.
NAV, accounting and investor reporting from the onchain records.
Holds the fund's tokenized securities.
What is the roadmap to get there?
The structure we take to our customers.
Smart contracts, roles and operating flows aligned to that guidance.
Internal memo, slides, talking points and contracts.