Glossary
This glossary gives the plain meaning of five terms that Agio Digital uses in The Bahamas: DARE Act, SMART Fund, SCB, custody and OTC.
The DARE Act is the Digital Assets and Registered Exchanges Act, 2024 of The Bahamas, the law for digital assets and their exchanges. Agio lists the DARE Act 2024 and the Investment Funds Act 2019 as the frameworks for its tokenized fund services.
Tokenized fund servicesA SMART Fund is a fund type for smaller or emerging funds, with streamlined regulatory requirements and lower minimum investment thresholds, licensed under the Investment Funds Act, 2019 of The Bahamas. Agio holds delegated authority from the Securities Commission to license SMART Funds.
Fund licensing and administrationThe SCB is the Securities Commission of The Bahamas, the regulator that licenses Agio Digital as an Unrestricted Fund Administrator. The Commission has given Agio delegated authority to license SMART Funds and Professional Funds.
Regulatory credentialsCustody is the safekeeping of a client's assets by a firm that holds them on the client's behalf. Agio offers multi-signature and cold-storage custody for digital assets, with insurance options and segregated client assets.
Asset protection and custodyOTC trading is a trade agreed directly between two parties instead of on a public exchange order book. The Agio Private OTC Desk executes large digital asset blocks this way and settles in fiat and digital assets.
Private OTC Desk