Tokenized fund order and register proof
Run fund subscriptions, sales, and redemptions with NAV, cash, unit allocation, official register proof, and deductions aligned.
Overview
A fund buy, sell, or redemption order closes only when the investor, price, units, cash, fees, and official holder register agree.
Use this when a fund buy, sell, or redemption order must prove that the investor, price, units, cash movement, deductions, register update, and statement close all agree.
Route coverage
- Captures buy, sell, or redeem instruction, investor, fund class, amount or units, and dealing window
- Confirms investor eligibility, disclosure acknowledgement, distribution channel, and product restrictions
- Reserves subscription cash, redemption units, fees, and settlement account before NAV
- Applies NAV, calculates units or proceeds, and records appointed-role fees
- Updates official register, releases cash or units, and publishes statement proof
Infrastructure
- Fund manager, transfer agent, fund administrator, custodian, settlement bank, and investor remain distinct
- NAV, units, gross cash, transfer-agent fee, admin fee, custody fee, distribution fee, and net proceeds are visible
- Register proof remains the official ownership reference, not just a token balance
- The case extends the tokenization setup model into real order and servicing activity
Lifecycle stages
| Stage | Flow steps |
|---|---|
| Fund Order Entry | Capture buy, sell, or redeem instruction, fund class, amount or units, and dealing window; Show order fee, dealing window, investor account, and requested cash or unit amount |
| Eligibility Disclosure Gate | Confirm investor eligibility, distribution channel, disclosures, and product restrictions; Show eligibility check fee, disclosure status, distribution fee basis, and gate decision |
| Cash Or Units Reservation | Reserve subscription cash, redemption units, expected fees, and settlement account; Show cash hold, unit lock, fee estimate, and settlement-bank reference |
| Sell Redeem Route | Select subscription, primary redemption, or permitted fund secondary route before NAV and register processing; Show cut-off, liquidity window, restriction reason, and fallback if secondary sale is not available |
| Nav Allocation | Apply NAV, calculate units or proceeds, and record admin, transfer-agent, and distribution fees; Show NAV, gross amount, unit quantity, deductions, transfer-agent fee, and net result |
| Register Token Reconciliation | Match official transfer-agent register rows, token representation, custody or nominee holding, and any repair lane; Show register snapshot, token event, custody holding, break count, and proof fee rows |
| Register Cash Close | Update official register, reconcile token representation, release cash or units, and publish statement rows; Close with register proof, custody/admin fees, settlement fee, statement reference, and zero-open-break metric |