👋 Introduction
What the Fume Tokenization Engine is, the problems it solves, and why we built it.
The Fume Tokenization Engine is our platform for on-chain fund administration and tokenization. This whitepaper and the accompanying user guides cover it in full. It is one of several products Fume builds — the docs overview maps the whole range, from AI agents to OmniClear.
TL;DR
This section covers how to use the Tokenization Engine for on-chain fund administration, from setting up your fund and onboarding investors through NAV calculations, redemptions, and settlement. It also covers the security model and how tokenized units work on-chain. The Tokenization Engine works for both traditional and digital asset funds.
Since launch, the platform has added spreadsheet-based NAV uploads, AUM and performance charts, PDF investor reports, custom branding, per-wallet permissions for multi-manager setups, and two additional networks (Base and BNB Smart Chain).
Why did we build this?
Fume was born out of the frustration we faced while managing our own investment fund in traditional finance. Despite living in an era where blockchain technology exists, we found ourselves paying hefty fees to intermediaries like fund administrators for tasks that could easily be automated. The inefficiency, reliance on multiple intermediaries, and lack of transparency in the existing system led us to envision a more efficient, transparent, and streamlined solution. We built the Tokenization Engine to eliminate these inefficiencies by leveraging blockchain technology, removing intermediaries, and automating fund administration tasks.
The Engine is designed to support a wide range of assets, including digital tokens, stocks, real estate, and commodities, making it an attractive solution for both traditional and digital fund managers. For more on the company behind it, see About Fume.