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
Regulated Fund ServicesLICENSED
Securities Commission of The Bahamas
Licensed fund administrator
Regulatory frameworks
Investment Funds Act 2019DARE Act 2024
The regulated layer
AdministrationOnboardingNAV calculationTransaction processingReporting

Regulated financial solutions bridging traditional finance with digital innovation.

Daily
Real-time NAV calculations
Integrated
Digital assets exchange
Multi-strategy
Private equity, private credit, venture capital, gold, digital assets, stocks and bonds
Since 2023
Fund administration track record

The Model, Plainly

Tokenization changes how ownership is recorded, not what a fund is.

A tokenized fund is a regulated fund recorded on a shared ledger. The strategy, assets, and governance stay the same. Only how ownership moves changes.

Tokenized funds are not crypto in new clothing. They are regulated fund interests delivered through modern infrastructure, a development in fund plumbing, not a new asset class.

What the token does not replace
Offering memorandumDirectorsAdministratorAuditorRegulator
// a tokenized fund is still a fund
Investor portfolio · Agio Illustrative · sample data
OverviewMy PositionPerformancePortfolioContact & Support

Asset Allocation

BTCETHUST-ASOLOther

Asset Type Distribution

DigitalFixed incomeOther

Asset Holdings

NameQuantityPrice (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
Total: 447,098.49 USD

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 that Agio delivers.

01 / Admin

Fund administration

Recordkeeping, fee computation, investor statements, and audit support across the fund's full life.

02 / Onboarding

Investor onboarding

KYC and KYB checks, sanctions screening, and eligibility assessment before any investor subscribes.

03 / Valuation

NAV calculation

The fund's value determined independently and brought on-chain as verified real-world-asset (RWA) data, not a number the ledger produces on its own.

04 / Processing

Transaction processing

Subscriptions, redemptions, and transfers processed and reconciled, with oversight at every step.

05 / Reporting

Reporting & oversight

Investor records, statements, and regulatory reporting, with cleaner audit trails on a controlled register.

06 / Lifecycle

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.

01

Formation

Defined legal structure, mandate, and governance.

02

Onboarding

KYC, KYB, screening and eligibility checks.

03

Subscriptionmint

Capital in; fund-share tokens are minted, recorded and reconciled.

04

NAV

Value determined independently and consistently.

05

Reporting

Statements, audit support and regulatory reporting.

06

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.

Performance · Agio Illustrative · sample data
OverviewMy PositionPerformancePortfolioContact & Support
Average Monthly Return
6.21%
-10%-5%0%+5%+10%
Positive Months
4/8 50% success rate
PositiveNeutral (0%)Negative
Best Month
46.01%
Worst Month
-17.61%
First NAV Date
2023-12-31
Last NAV Date
2026-05-31
Aggregate Performance
Year To Date Return
-5.16%
-10%-5%0%+5%+10%
Latest Monthly Return
-3.35%
-10%-5%0%+5%+10%
PnL (Since Inception)
46.4%
-10%-5%0%+5%+10%

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.

How It Fits Together

InvestorsVerified & eligible
Agio · Regulated servicesAGIO
AdministrationOnboardingNAVReporting
On-chain infrastructureRegister & settlement
Bahamas frameworkIFA 2019 · DARE 2024

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.

Investment Funds Act · 2019

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.

DARE Act · 2024

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.

Recognised

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.

Tax-neutral

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.

Speed

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.

Ecosystem

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

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 Enzyme
Enzyme Onyx · Technology platform

On-chain infrastructure

On-chain tokenized vehicleERC-20 share issuanceOn-chain NAVAdministration appWhite-label interface
+
Agio Digital · Fund administration

Regulated fund services

Fund-share issuanceCorporate structuringNAV calculation & reportingSubscriptions & redemptionsFee managementKYB / 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?

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