X Protocol
XFT utilizes blockchain to introduce a second layer of liquidity for closed-end funds, unit investment trusts, and real estate investment trusts trading at significant premiums/discounts to NAV.
Closed-end funds and unit investment trusts
- Fixed share count trades at volatile premiums/discounts to NAV.
- Limited retail access to alternative investments.
- Inefficient market with low trading volumes.
- Difficulty in valuing and selling illiquid assets.
- Vulnerable to activist exploitation for short-term gains.[14]