---
title: "Tokenization Engine, Free Fund Tokenization"
canonical: "https://www.fume.finance/tokenization-engine"
description: "Tokenization has been commoditized. Fume does it for free. What matters is what comes next: stablecoin subscriptions, onchain admin, and a live cap table, all…"
---

# Tokenization Engine, Free Fund Tokenization

Tokenization has been commoditized. Fume does it for free. What matters is what comes next: stablecoin subscriptions, onchain admin, and a live cap table, all of it callable, so an AI agent can run the whole thing. Fume is the tokenization engine an agent can actually drive: the first fund infrastructure built for software to operate, not just for a person to click through.

## Pricing

**Free forever — Tokenization ($0):**

- Drag-and-drop fund tokenization
- ERC-6909 tokenized shares onchain
- Onchain stakeholder register
- Fund Registry listing

**Fume Platform ($179/month):** full onchain administration — automated NAV, fees, payouts, and stablecoin subscriptions and redemptions, with an agent-ready API and MCP server and a built-in onchain audit trail. A protocol fee of up to 0.1% applies to subscription and redemption flows by default; no AUM cut, no management or performance fee. Special pricing is available for smaller funds. Just ask.

## What tokenization gets you

Traditional fund shares sit in transfer agents and spreadsheets. Tokenized shares live in smart contracts. The difference shows up everywhere.

- **Secondary liquidity**: Tokenized shares transfer between whitelisted investors onchain. Frozen commitments become positions that move.
- **Live cap table**: Your stakeholder register updates in real time with every subscription, redemption, and transfer, so there is no spreadsheet to reconcile.
- **Programmable terms**: Lockups, transfer restrictions, and fee schedules live in the smart contract. They enforce themselves.

## Operations: fund admin that runs itself

When your fund runs on smart contracts, the manual work disappears.

1. **Automated NAV**: Enter your gross asset value and the protocol works out fees, high-water marks, and equalizations in seconds.
2. **Instant payouts**: Smart contracts calculate management fees, performance fees, and investor distributions, then pay them out without a manual step.
3. **Built-in audit trail**: Every subscription, transfer, and payout lands onchain, one source of truth that nobody has to maintain by hand.

## Capital in: accept subscriptions in any currency

Stablecoins, fiat, or both. Investors subscribe the way they already pay, and the money settles into your fund in minutes.

- **Native stablecoin subscriptions**: Investors connect their wallet and deposit USDC or USDT directly into your fund's smart contract. Only whitelisted wallets get through, and AML checks are built in.
- **Fiat still works**: Wire transfers, bank deposits, or any other subscription method alongside crypto.
- **Minutes, not days**: Subscriptions settle when the transaction confirms instead of waiting on correspondent banks and SWIFT queues.

## Agent-native: built for agents

Most tokenization platforms hand an agent a dashboard and a login. Fume hands it an API and an MCP server any agent can plug into. Every action in the engine is callable and every output is machine-readable, so an agent can run the whole fund lifecycle rather than the slice a vendor chose to expose.

- **Every action is an API call**: Tokenize, mint, whitelist, run NAV, distribute. No action is portal-only. An agent stands up a fund and operates it start to finish, the same calls a human would make, minus the human.
- **Machine-readable cap table**: The onchain stakeholder register is live, structured data. Agents read positions, subscriptions, and transfers straight from the chain instead of scraping PDFs.
- **Built on open standards**: ERC-6909 shares with standard RPC and REST endpoints, plus an MCP server. An agent that knows the standards already knows how to drive the fund, and there is no proprietary SDK to learn.
- **Guardrails enforced onchain**: Whitelisting, AML checks, lockups, and fee schedules live in the smart contract. Agents move fast inside the limits you set once, and the rules can't be skipped.

See also: [AI Agents for Funds](https://www.fume.finance/ai-agent-funds) and [OmniClear](https://www.fume.finance/omniclear) for the settlement layer.