Fume provides a tokenization platform that automates fund administration using smart contracts on EVM-compatible blockchains. It enables asset managers, fund administrators, and transfer agents to handle investor onboarding, NAV calculation, fee assessments, and payouts with on‑chain transparency and reduced costs. The solution supports subscriptions in stablecoins, fiat, or in‑kind assets and issues tokenized fund shares compliant with the ERC‑6909 standard.
Funding
$50K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional fund administration processes involve manual reporting and intermediaries, leading to inefficiencies and increased costs for asset managers. Managing diverse investment strategies, including both digital and traditional assets, further complicates the process.
Solution
Fume offers an on-chain fund administration platform that leverages smart contracts to automate fund management, eliminating intermediaries and manual reporting. The platform enables asset managers to efficiently handle diverse investment strategies, including digital assets, traditional assets, and private equity. Fume facilitates in-kind subscriptions with stablecoins and other digital currencies, streamlining investor onboarding. By encoding fund administration processes into smart contracts on public blockchains, Fume ensures transparency, traceability, and automated fee settlement. The platform connects to multiple custody solutions, allowing for a wide range of investment strategies.
Target Audience
Fume targets fund administrators and asset managers across digital and traditional finance, including those operating below threshold or seeking to expand their offerings.
Features
- On-chain transfer agent encoded in a smart contract to receive in-kind or fiat subscriptions, issuing tokenized fund shares (ERC-6909 standard).
- Automated NAV calculation and fee settlement recorded on the blockchain for management, performance, entry, and exit fees.
- Compatibility with digital assets (e.g., DeFi with 24/7 Proof-of-Reserves), traditional assets (e.g., stocks), and private equity (e.g., VC).
- Integration with custody solutions.