👋Introduction

Fume: On-chain Fund Administration.

Why are you building this company?

We have a simple thesis: Stablecoins Move Money Better.

The stablecoin payment rail, compared to traditional banking, is faster, cheaper, 24/7, transparent, global, without intermediaries, and, most importantly, it is programmable.

The adoption of stablecoins by all asset managers is therefore inevitable.

We built a tool to solve our own issues as fund managers operating with stablecoins. We programmed into smart contracts the fund administration function to reduce friction in our operations.

About Fume

Founded in 2023 and based in Ticino, Switzerland, Fume provides an on-chain fund management platform that aims to address the inefficiencies plaguing traditional fund management. Many intermediaries and a lot of manual reporting. Fume automates the administration through smart contracts. It streamlines the subscriptions/redemptions with tokenized fund shares and automates the manager's payout (management, performance, entry, and exit fees). On-chain funds are fully compliant with regulations in top-notch jurisdictions. It's not limited to digital assets: fiat subscriptions are still possible with any off-chain underlying asset.

Fume operates under two main lines of business:

• Software-as-a-Service (SaaS) model, providing access to its platform for a commission on the funds' AUM. The asset managers rely on their own fund license.

• Fund-as-a-Service model, providing a full fund formation, AML/KYC, reporting to the financial regulator, and other admin functions on top of the platform.

Company Overview

• Name: Fume, legally incorporated as FumeX AG (CHE-342.025.757).

• Incorporation Date: 15/05/2023.

• Location: legal address in Ticino, Switzerland, operating with a remote-first approach.

• Sectors: Fintech, Blockchain, Asset Management, DeFi, Web3.