Structure & tokenomics
A regulated fund wrapper with crypto-native rails.
Investors hold FM-RWA units — ERC-3643 security tokens representing interests in an EU/EEA alternative investment fund that owns the Bolivian operating companies and estates.
Structure
From wallet to hectare
Token design
FM-RWA token specification
| Standard | ERC-3643 (T-REX) permissioned security token with ONCHAINID identities |
|---|---|
| Symbol | FM-RWA · 18 decimals · one unit = one fund unit |
| Network | Base (EVM Layer 2, secured by Ethereum) |
| Transfer rule | Only wallets with valid KYC/AML, Investor Class and Partition claims can hold or receive units |
| Partitions | EU_EEA · UAE_ADGM_DIFC · REG_S (Wave 2 partitions disabled on-chain until opened) |
| Lock-ups | Per-lot release times enforced by the compliance module |
| Issuance | Minted by the registrar after reconciliation and four-eyes approval — no public sale contract |
| Distributions | Per-epoch Merkle root; holders claim in USDC / EURC with a proof, or elect EUR wire |
| Attestations | SHA-256 content hashes of NAV, title, satellite and audit reports anchored on-chain |
| Governance | Admin roles behind timelock and multi-signature; recovery and forced transfer for lost keys or court orders |
On-chain components
Six contracts, one compliant lifecycle.
Token (ERC-3643)
Fund-unit register with compliance hooks on every transfer.
Identity Registry
Binds wallets to ONCHAINID identities and partitions.
Compliance Module
Partition rules, lock-up lots, caps and flow-back protection.
Subscription Escrow
USDC / EURC deposits keyed by registrar reference; pull refunds.
Dividend Distributor
Merkle-root epochs; holders claim pro-rata with a proof.
Attestation Registry
SHA-256 hashes of every published report, verifiable by anyone.
Regulatory classification
A security in every target jurisdiction.
FM-RWA is a tokenized fund unit — not a utility token, e-money token or stablecoin — and is offered only under professional-investor regimes.
| Jurisdiction | Classification | Framework |
|---|---|---|
| EU / EEA | Transferable security / AIF unit (MiFID II financial instrument) | MiFID II, AIFMD, Prospectus Regulation; outside MiCA scope |
| UAE – ADGM | Digital security / fund unit | FSMR, FSRA Fund Rules |
| UAE – DIFC | Investment Token / fund unit | DFSA rulebook |
| Offshore (Reg S) | Security offered in an offshore transaction | US Securities Act Regulation S; local private-placement rules |