Fund Setup

An on-chain fund is represented by a set of smart contracts enforcing various aspects of the offering memorandum. In the following section, we define the key management structure to deploy and control a fund.

1.1. Setup Multiple Wallets

The Fund Manager (FM) sets up the wallet representing himself on-chain. It could be using a simple Metamask wallet, a Gnosis-safe, or any other provider. This wallet will be used to initiate and sign the transactions happening in the Fund’s smart contracts.

1.2. Fund Deployment

The Fund is represented on-chain by a set of smart contracts. The Fund will have the following attributes:
  • A Fund Manager wallet address), a.k.a General Partner
  • List of Investors (personal wallets), a.k.a. Limited Partners
  • List of Assets
  • List of Liabilities
  • Key Terms
  • Management Fee
  • Performance Fee
  • Entry Fee
  • Exit Fee
  • Lockup Period
  • Tradable Assets
  • Minimum (and Maximum) ticket size
  • Initial Unit Price
The FM deploys the smart contract on chain with the chosen terms. Note that the list of Investors can be expanded at a later stage.


1.3. Accounts integration

The Fund Manager (FM) sets up the wallet/asset management platform where assets will be held. The possibilities range from Metamask, Fireblocks to brokers and exchange with API keys. Private deals for illiquid assets might also be added manually (such as Real Estate or VC deals). The list can be expanded at a later stage.

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