Private Fund Platform
Evolve your
private fund.
What is Onli Fund
A white-label fund appliance.
Deployed under your brand.
Onli Fund is a possession-native private offering platform. Fund units are issued from treasury, backed by assurance, traded by bid/ask, and redeemed through deterministic policy — all under your brand, your domain, your fund name.
Traditional private funds depend on subscription documents, transfer agents, NAV windows, and admin reconciliation. Onli Fund replaces all of that with a single computable asset.
The Platform
Four systems.
One deployment.
Deploy all four. Brand it yours. Trust it completely.
0.1
The fund unit
Onli Fund Asset
A pre-issued asset held by Treasury until sold to the first owner. Not a ledger claim — a possessed fund unit with rights encoded by UsePolicy.
0.2
The liquidity layer
Species Market
Matches buyers and sellers through bid/ask pricing. Primary issuance from Treasury, secondary listings from investors. The market discovers price — it does not control the asset.
0.3
The value layer
Species Trust
Handles funding, proceeds, performance, and redemption payments. Capital enters assurance. Performance grows assurance. Redemptions pay from assurance.
0.4
The witness layer
Species Audit
Compares records from the Onli Oracle, Species Market receipts, and Species Trust money movement logs. Three independent records agree. That is the audit.
0.2 — Issuance
No minting.
No dilution.
Treasury begins with the full fixed supply. Primary issuance transfers existing units from Treasury to investors — ownership moves, supply does not change. The fund cannot create new units during entry.
Primary Issuance Flow
0.3 — Assurance
The floor is
computable.
Buy the Asset
Investor purchases a fund unit. Capital flows directly into the Assurance Account — not a general fund pool.
Capital Backs It
The Assurance Account holds the capital. Every circulating unit has a computable floor: Assurance ÷ Circulating Units.
Performance Grows Backing
Strategy returns flow into the Assurance Account. The floor rises automatically — no distribution required.
Exit via Market or Redemption
After the holding period: redeem at the guaranteed floor, or sell on the market at bid/ask. The market remains open even before the holding period ends.
The buyback guarantee is not a promise — it is a calculation. Treasury-held units are excluded from circulation, so the floor reflects only units in investor hands.
As performance flows into the Assurance Account, backing per circulating unit increases automatically. Protection grows without requiring a distribution.
Buyback guarantee formula
Buyback Guarantee
Minimum guaranteed value. Computable at any time.
Market Price
Bid/ask discovery. Reflects demand above the floor.
0.5 — Marketplace
Investors can sell
or redeem.
Hold
Retain the unit in your Vault. Backing per unit increases as performance accrues to Assurance.
Sell
List on Species Market at bid/ask. The market discovers price. The floor remains your minimum.
Redeem
Return the unit to Treasury. Assurance pays the computed floor. Circulation decreases.
Worked Example
$100,000 invested.
Three ways to exit.
Step through two fund events to see how the Assurance Account, Circulating Units, and Buyback Guarantee respond in real time.
Purchased 100 units at $1,000
$100,000 invested · 120-day hold · 100 units circulating
Deposit performance to Assurance
Drag the slider to see how performance changes the buyback guarantee and market price
PERFORMANCE DEPOSIT
+$0
MARKET PREMIUM %
75%
How much of the spread between entry price and buyback guarantee the market is pricing in
ASSURANCE ACCOUNT
$100,000
CIRCULATING UNITS
100
unchanged
BUYBACK GUARANTEE / UNIT
$1,000
100,000 ÷ 100
EARLY EXIT MARKET PRICE
$1,000
post 30 days · bid/ask discovery
TOTAL BUYBACK VALUE
$100,000
guaranteed minimum
TOTAL MARKET VALUE
$100,000
at early exit market price
RETURN ON GUARANTEE
0%
vs. $1,000 entry price
AFTER PERFORMANCE DEPOSIT
Three ways to exit.
Buyback guarantee: $1,000/unit — 100 units — total floor $100,000
SCENARIO A
Hold
After 120 days — holding period ends
+50% from entry. Guarantee grows with performance.
SCENARIO B
Early Market Exit
Before 120 days — redemption locked, market open
+0% from entry. Sold below guarantee — chose liquidity over waiting.
SCENARIO C
Redeem at Guarantee
After 120 days — UsePolicy clears, guaranteed exit
+0% from entry. Deterministic. No manager discretion.
This example is illustrative. Actual returns depend on fund performance and market conditions.
How It Works
Four flows.
One system.
How capital enters, how units are held, and how investors exit — either by selling on the market or redeeming against the assurance floor.
Canonical Flow
How an investor enters the fund
Redemption Flow
How an investor exits the fund
How strategy returns flow into the assurance guarantee, and how the secondary market operates with full audit correlation.
Performance Flow
How returns increase the guarantee
Market Flow
How secondary trading works
Investors
Why investors care.
Liquidity without gates
Sell units on the marketplace instead of waiting for fund-controlled redemption windows.
Deterministic buyback floor
Redemption value is computed from assurance and circulation — not manager discretion.
Performance-backed upside
As performance flows into assurance, backing per circulating unit increases automatically.
No dilution
Supply is fixed. Treasury issues existing units only. Ownership percentage is protected.
Verifiable possession
The investor holds the asset in their Vault. Possession is real, not a ledger entry.
Clear exit choice
Hold, sell, or redeem. Three options, always available after the holding period.
Managers
Why managers choose
the appliance model.
White-label deployment
License the full fund appliance under your own brand. No shared infrastructure, no co-mingling.
Faster capital formation
Private offerings become structured asset issuance. Less friction, more speed.
Built-in secondary liquidity
Offer liquidity without managing redemptions as the only exit path.
Cleaner compliance
Restrictions are encoded directly into the asset's UsePolicy — not administered manually.
Less reconciliation
Ownership, money movement, and receipts are independently witnessed by three sources.