• Tokenization: Converting assets into digital tokens on a blockchain.
• Primary Market: Market for issuing new securities.
• Secondary Market: Market where shares are traded.
• NAV (Net Asset Value): Value of a fund's assets minus liabilities.
• Authorized Participant: Entity that creates/redeems shares with a fund.
• Basket: List of specific securities exchanged for ETF shares, mirroring the ETF's portfolio.
• Discount: Below NAV.
• Premium: Above NAV.
• Interval Fund: Mutual fund with periodic redemption opportunities.
• No Load Fund: Mutual fund with no sales fees.
• Closed-End Fund: Fixed-share mutual fund traded on exchanges.
• Creation: Issuing new tokenized shares by delivering assets to a fund.
• Redemption: Exchanging tokenized shares for the underlying assets.
• Subscription: Buying new shares from a fund.

• X Protocol
• Prediction markets for arbitrage

About XFT

• About
• Why
• Thesis
• Problem
• Solution to problem
  • Alternatives orderbook
  • NAV token
  • Fund launchpad
  • RegTech
• XFT API (functional)
• Proof of concept
• API design
• Tech specifications
• Investment memo
• Business model
• Investor relations
• Fundraise budget
• Goals, milestones for fundraise
• Demo videos
• Idea maze
• Market research
• Market landscape
• Market map / comparables

Opportunity Size

• $20 trillion alternatives
• $1.4 trillion in arbitrage for 1 customer
• $16T growth by 2030
• 24M users