Answer
At Agio, each subscription is priced at the opening gross asset value per share and each redemption at the holding's NAV per share, and both are recorded in the share register and posted to the fund's ledger, so the register and the books can be reconciled. Agio Fund Services Ltd. in Nassau is licensed by the Securities Commission of The Bahamas (SCB) as an Unrestricted investment fund administrator under the Investment Funds Act, 2019.
The investor completes onboarding checks and signs the subscription documents. Agio records the subscription and issues new shares at the opening gross asset value per share for the dealing period. The share register and the ledger are updated together.
A redemption is priced at the holding's NAV per share, net of any performance fee accrued on it, and the redemption crystallizes that part of the fee. Agio records standard, mandatory and transfer redemptions. Notice periods, cut-offs, gates and lock-ups come from the fund's terms.
Each NAV run checks that the fund's NAV equals the sum of the investors' capital accounts, and a difference stops the period from locking. A separate check flags any difference between the share register and the ledger for review.
Digital-asset fund NAV and reconciliation →The fund documents set the dealing terms. Agio records the dealing and runs the reconciliations, and the fund manager approves the NAV it is priced on. Before the first dealing day, write down who signs instructions, who confirms that cash or digital assets arrived and who resolves a break.
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