Tokenized Funds · The Bahamas
Tokenized funds, and the regulated layer beneath the token.
With a tokenized fund, the real questions are not about the technology. They are about governance, investor protection, and who is accountable. That is the layer Agio runs, so the obligations are met, not assumed away.
Licensed by the Securities Commission of The Bahamas
The investor view
A tokenized fund is still a fund
The token changes how ownership is recorded, not what investors see. Holdings, allocation, and value are reported the same way as any regulated fund.
Asset Allocation
Asset Type Distribution
Asset Holdings
| Name | Quantity | Price (USD) | Value (USD) | Avg cost basis |
|---|---|---|---|---|
| Bitcoin (BTC) | 2.15432 | $67,234.12 | $144,842.18 | $48,210.50 |
| Ethereum (ETH) | 45.00 | $3,124.56 | $140,605.20 | $2,850.00 |
| US Treasury Fund Class A (UST-A) | 125,000.00 | $1.0023 | $125,287.50 | $1.00 |
| Solana (SOL) | 320.50 | $98.42 | $31,543.61 | $142.80 |
| Legacy Position (inactive) (LEG) | 100.00 | $48.20 | $4,820.00 | $55.00 |
What we provide
The regulated services layer beneath the token
A ledger can record who owns what. It cannot verify an investor, value the fund, or satisfy a regulator. That is the transparency Agio delivers.
Fund administration
Recordkeeping, fee computation, investor statements, and audit support across the fund's full life.
Investor onboarding
KYC and KYB checks, sanctions screening, and eligibility assessment before any investor subscribes.
NAV calculation
The fund's value determined independently and brought on-chain as verified real-world-asset data, not a number the ledger produces on its own.
Transaction processing
Subscriptions, redemptions, and transfers processed and reconciled, with oversight at every step.
Reporting & oversight
Investor records, statements, and regulatory reporting, with cleaner audit trails on a controlled register.
Token lifecycle management
Issuance and permitted transfers managed within rules-based controls, so restrictions are operationalised.
How a Tokenized Fund Operates
The same lifecycle as any regulated fund
The on-chain layer handles the register and settlement. Everything else is regulated fund services work, disciplined at every stage.
Formation
Defined legal structure, mandate, and governance.
Onboarding
KYC, KYB, screening and eligibility checks.
Subscriptionmint
Capital in; fund-share tokens are minted, recorded and reconciled.
NAV
Value determined independently and consistently.
Reporting
Statements, audit support and regulatory reporting.
Redemptionburn
A controlled, recorded exit; shares redeemed and tokens burned.
Inside the Platform
Performance and reporting, in one view
Every fund Agio administers runs on one platform, with live NAV, returns, and reporting in a single view.
Why Agio
A strategic partner, not a technology vendor
- 01
The people behind it
Behind every mandate is a team of seasoned fund administration, compliance, and digital-asset professionals, the people who do this work every day and stand behind the structure.
- 02
The full services layer, in one place
Administration, onboarding, NAV, transaction processing, and reporting are integrated rather than stitched across systems, which reduces duplication and strengthens controls.
- 03
Built for traditional and tokenized structures
The same institutional discipline applies whether or not a fund is tokenized, so advisers can compare options on equal footing.
- 04
Clarity from the start
We help structure with the right questions answered early, so investor protection and enforceability are designed in, not retrofitted.
Why The Bahamas
Where the fund regime and the digital framework sit together
A tokenized fund needs two things at once: a framework for digital assets and an established regime for regulated funds. Many places offer one. The Bahamas offers both, under one regulator.
A mature and flexible funds regime
The backbone for fund formation, governance, and disclosure, supervised by the Securities Commission of The Bahamas. Its SMART Fund regime is uniquely flexible, a fast, cost-efficient structuring option distinct to The Bahamas.
Purpose-built digital asset oversight
The Digital Assets and Registered Exchanges Act provides a supervised framework for the digital representation layer, so the rules for the fund and the token are not in tension.
Internationally recognised regulation
The Securities Commission of The Bahamas is an IOSCO signatory, regulating within a FATF-compliant jurisdiction. Bahamian fund structures are accepted by institutional investors, prime brokers, and counterparties worldwide.
A tax-neutral environment
No capital gains tax, no corporate income tax on fund returns (subject to limited exceptions for large in-scope groups), and no withholding tax on distributions, with efficient structures supported by a broad network of international agreements.
Among the fastest registration timelines
SCB fund registration is measured in weeks, not quarters, with flexible, commercially sensible structures for Professional and SMART funds across every strategy.
A mature professional ecosystem
An established network of auditors, legal counsel, prime brokers, and compliance specialists fluent in Bahamian fund structures, giving managers a complete service infrastructure from day one.
In partnership
Agio Digital & Enzyme
Tokenized finance infrastructure since 2017
Agio and Enzyme have partnered on a turnkey platform for launching fully regulated tokenized funds within the Bahamian framework, cutting compliance complexity and accelerating time-to-market.
Funds are built on Enzyme Onyx: on-chain vehicles that issue ERC-20 fund-share tokens across any asset class, with Agio as the regulated administrator and registry around them.
Visit EnzymeOn-chain infrastructure
- On-chain tokenized vehicle
- ERC-20 share issuance
- On-chain NAV
- Administration app
- White-label interface
Regulated fund services
- Fund-share issuance
- Corporate structuring
- NAV calculation & reporting
- Subscriptions & redemptions
- Fee management
- KYB / KYC & onboarding
A fully regulated tokenized fund
Deployed in weeks- Licensed by the Securities Commission of The Bahamas
- Unrestricted Fund Administrator License
- Delegated authority for SMART & Professional Funds
- Enzyme infrastructure: operating since 2017, no protocol exploits to date
Talk to Us
Is a tokenized fund right for you?
No pressure, no obligation. Tell us what you are exploring, and our team will follow up on the structure, the obligations, and how Agio fits.
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Important. This page is for informational purposes only and does not constitute investment, legal, or tax advice, nor an offer to sell or a solicitation of an offer to buy any securities or fund interests. Any investment in a fund involves risk, including possible loss of principal, and is not suitable for all investors. Eligibility, suitability, and disclosure standards apply, and offerings are made only to eligible investors under the relevant fund's offering documents. Tokenized fund interests are regulated fund interests represented digitally; the digital layer does not alter the legal nature of the fund. Agio Digital is licensed by the Securities Commission of The Bahamas. References to the Investment Funds Act, 2019 and the Digital Assets and Registered Exchanges Act, 2024 are provided for general context and are not a statement of how any particular structure will be treated.