FAQ
How can one trust the Manager?
The regulators are responsible to punish dishonest behavior, transparently available since all transactions are recorded on-chain. The jurisdictions in which Fume will be available are top-notch, and have a track-record of protecting the investor.
What assets can be traded?
Any assets. The platform allows to link several kind of asset custodians:
Metamask, Trust Wallet, or any kind of on-chain wallet. These can then hold the following token standards
ERC-20 (Fungible)
ERC-721 (NFTs)
ERC-3643 / ERC-1400 (Securities)
Gnosis Safe for a multi-sig wallet
Fireblocks, for an insitutional non-custodial solution.
Brokers with API keys
Exchange with API keys
Private deals can also be uploaded manually, as long as proof of purchase is provided.
Total on-chain asset tokenization value is growing at an outstanding pace. BCG estimates it will reach $16T by 2030. We expect to gradually evolve toward a model of exclusively directly held assets.
How is the protocol's fee charged?
The protocol's treasury receives funds units and redeems the underlying liquidity at the same time as the Fund Manager. At the NAV calculation, when the Manager receives the fund units, a portion of those are assigned to the protocol's treasury. These units are redeemed exclusively when the Manager redeems for the underlying assets.
Fees that are paid either to the FM or to the platform can also be processed automatically. When a fee is due (when a NAV calculation is performed for example), it is added as a liability to the outflows of the fund. This liability can, just like the others, be settled in a couple clicks with a transfer to the corresponding addresses. The fields are pre-filled (such as recipient of the transaction as well as any currency exchanges needed.
Further NAVs cannot be performed when there are fees that are still due.
What custodians can I connect to the platform?
The custodians come in 3 different types:
Onchain custodians can be everything from a Metamask Wallet to a Fireblocks account, including a multi-sig wallet, etc. Every wallet provider can be connected.
Exchanges with API keys, so that we can retrieve accounts information.
Brokers with API keys, so that we can retrieve accounts information.
Once deployed on chain, can everyone see the fund information?
It depends on the setup decided by the FM. If he so chooses, he can make information available to people accessing the blockchain. However, everything can be encrypted using selective transparency and ZKP. This allows to define different access levels to information. Here is an example:
Public: no information available
Investors: Information on accounts
Auditor: Information on accounts + Proof of Purchases + capital flows
FM: Full access
How long does it take to deploy a fund?
It depends on the legal setup chosen by the FM. If the setup offered by Fume was chosen, the Fund can be deployed in 1 to 2 weeks, in the chosen jurisdictions.
Can the fund receive fiat subscriptions?
Yes. After KYC, it is possible to on-ramp money on-chain using different service providers. Fume is currently exploring partnerships with Ramp Network and Monerium .
These services allow to transfer capital to an enchain wallet using a simple bank transfer, such as SEPA.
What kind of fund can i open using the protocol?
Currently, legislations allow to open Unregulated Funds. This means that only qualified investors can invest. Other than this, there are no limitation to the type of funds that can be open with Fume.
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