{"type": "project", "title": "Frictionless Institutional Deposit Tokens & Cash Funds", "logoImg": "bafkreicgr65zzep4xwyggmdqlyd6vwqmvexbo5f3jmn52jr2zwgywdqg5i", "website": "https://www.frictionless.markets", "bannerImg": "bafkreifdsz253eo6eazq6d6lvjvkujf2lfbadzns3g4gy7u5on7uvdwlsq", "createdAt": 1719759332229, "credentials": {}, "description": "What's different about Frictionless?\n\nFrictionless is the first full-service audited tokenization and digital fund administration, custody and transfer agent platform to completely automate all aspects of the fund lifecycle. No stablecoins needed, no wallets required, no managing of private keys or stressing over which blockchain to run on.\n\nFrictionless is the legal issuer of Institutional Deposit Tokens, in 8 currencies backed by custody at Citi and Barclays with FX, and USDC on/off ramp, all protected by Luxembourg's robust securitization and financial collateral act.\n\nFrictionless can launch any private market (equity, credit, infra, IP rights, Real Assets, etc) offering in Luxembourg with total expense ratios which enable economic minimums as low as 1,000 USD per investment.\n\nOur technology and fund structures are designed for risk-adverse institutional capital flows, and institutional investors with the unit economics required for retail.\n\n\nOur market approach\nFrictionless Markets has been established in Luxembourg to take advantage of the favourable securitization laws recognising the legal tokenization of securities.\nOur market approach is based on providing differentiated solutions to GPs and Investors.\n\nVia relationship with BlackRock as a registered intermediary, we have tokenized BlackRock Institutional Cash Series funds in USD, EUR and GBP.\nThis represents the tokenization of the lowest-risk financial products with the deepest liquidity, public constant NAV government debt, and US Treasuries.\n\nOur g-t-m enables GPs to remove cash drag in their funds by automatically investing in tokenized MMFs, which are instant redemption and daily yielding, we also recognize under Luxembourg law, that tokenized MMFs serve as financial collateral and can be used by LPs to invest in any private fund. This is revolutionary for 2 reasons:\n\n1: It's automated, capital-efficient and simple to use for GPs. Eliminating cash drag within the capital call to investment timelines can be executed without all the jigs and reels of managing cash movements.\n2: It changes the subscription model for funds. Investors can front load invest into a fund, knowing that they will receive a market-beating daily yield on their capital until the time of deployment in an underlying within an equity/credit or infra fund.\n\n\nOur Tokenized Cash Launch\nWe are incentivizing Institutional Partners to deploy into these BlackRock cash funds and leverage the yield generated by re-investing it back into Frictionless Markets as an equity stake. This represents a low-risk, capital-protected equity investment.\n\nThe data room (DDQs, etc) on the funds is located here -> https://drive.google.com/drive/folders/1BLI5RecyR9u-KydxtDpTd4NcOoSseS5F?usp=drive_link", "logoImgData": {}, "bannerImgData": {}, "projectTwitter": "MFrictionless"}
Frictionless Institutional Deposit Tokens & Cash Funds
What's different about Frictionless?

Frictionless is the first full-service audited tokenization and digital fund administration, custody and transfer agent platform to completely automate all aspects of the fund lifecycle. No stablecoins needed, no wallets required, no managing of private keys or stressing over which blockchain to run on.

Frictionless is the legal issuer of Institutional Deposit Tokens, in 8 currencies backed by custody at Citi and Barclays with FX, and USDC on/off ramp, all protected by Luxembourg's robust securitization and financial collateral act.

Frictionless can launch any private market (equity, credit, infra, IP rights, Real Assets, etc) offering in Luxembourg with total expense ratios which enable economic minimums as low as 1,000 USD per investment.

Our technology and fund structures are designed for risk-adverse institutional capital flows, and institutional investors with the unit economics required for retail.


Our market approach
Frictionless Markets has been established in Luxembourg to take advantage of the favourable securitization laws recognising the legal tokenization of securities.
Our market approach is based on providing differentiated solutions to GPs and Investors.

Via relationship with BlackRock as a registered intermediary, we have tokenized BlackRock Institutional Cash Series funds in USD, EUR and GBP.
This represents the tokenization of the lowest-risk financial products with the deepest liquidity, public constant NAV government debt, and US Treasuries.

Our g-t-m enables GPs to remove cash drag in their funds by automatically investing in tokenized MMFs, which are instant redemption and daily yielding, we also recognize under Luxembourg law, that tokenized MMFs serve as financial collateral and can be used by LPs to invest in any private fund. This is revolutionary for 2 reasons:

1: It's automated, capital-efficient and simple to use for GPs. Eliminating cash drag within the capital call to investment timelines can be executed without all the jigs and reels of managing cash movements.
2: It changes the subscription model for funds. Investors can front load invest into a fund, knowing that they will receive a market-beating daily yield on their capital until the time of deployment in an underlying within an equity/credit or infra fund.


Our Tokenized Cash Launch
We are incentivizing Institutional Partners to deploy into these BlackRock cash funds and leverage the yield generated by re-investing it back into Frictionless Markets as an equity stake. This represents a low-risk, capital-protected equity investment.

The data room (DDQs, etc) on the funds is located here -> https://drive.google.com/drive/folders/1BLI5RecyR9u-KydxtDpTd4NcOoSseS5F?usp=drive_link
Frictionless Institutional Deposit Tokens & Cash Funds