😟 Problem
We are solving the problem of inefficiency and opacity in the fund management industry.
Traditional Investment Funds
We are solving the problem of inefficiency and opacity in the fund management industry.
Inefficiency
- Too Many Intermediaries. To deploy an investor's capital, the subscribed funds go through multiple intermediaries such as the subscriber's bank, clearing settlement companies, the Fund's bank, and the broker/exchange bank, to name a few.
- Expensive Administration. Setting up and running an investment fund is extremely costly and time-consuming for Fund Managers. The reporting between the Administrator and the Managers requires tiresome and error-prone manual work.
Opacity by default
- Trust. The investors have to trust the manager to respect the offering memorandum terms, to trust the administrators that all the NAV and fees are calculated correctly, and that the Custodian of the underlying assets remains solvent.
- Expensive Audits. Every financial year, the Fund must pay auditors to provide transparency and ensure the execution of the investment strategy according to its memorandum.
👋 Fume Intro
This documentation covers how to use Fume for on-chain fund administration, from setting up your fund and onboarding investors through NAV calculations,...
💡 Solution
Fume aims to define the new generation of investment funds. It's an admin tool for fund managers and to replace the registrar & transfer agent, to automate...