Vault & Fractions
Tokens are stored in a vault, split in fractions for investors to purchase.
Vaults
Vaults are tokens that contain one or more tokens. The vault therefore wraps any token standard into a single unified asset to produce a single overarching wrapped token that contains other tokens.
It is an ERC_7208 token that acts as the owner of the token contained within it.
Wrapping
Vaults have multiple operations tied to it.
Wrapan unlimited amount of tokens in the vaultUnwrapto delete the vault and transfer back tokens to the vault ownerpartiallyUnwrapto remove only an amount of tokens from the vaultreWrapto add new tokens in the vault or change the amount of some tokens
Compliance
A vault can also have a compliance layer on top with ComPilot. This forces any wallets interacting with the vault to comply with the rules as defined by the market owner on ComPilot.
Compatible standards for wrapping
The market infrastructure is compatible with the following token standards on EVM chain
| Standard | Name | Use Case |
|---|---|---|
| ERC-20 | Fungible Token | Widely used for creating digital assets and currency |
| ERC-721 | Non-Fungible Token | Unique, verifiable assets, commonly used in collectibles and digital art markets. |
| ERC-1155 | Multi-Token Standard | Semi-fungible standard ideal for gaming and asset bundling |
| ERC-1600 | Security Token | Designed for managing and enforcing compliance in tokenized securities |
| ERC-3643 | Permissioned Token | Standard for regulated assets, enabling compliance and control in digital securities |
| ERC-4626 | Tokenized Vault | Standard for yield-bearing vaults, enabling streamlined management of tokenized assets |
Fractions
After deploying a vault, another token contract tied to it is simultaneously deployed to represent its fractions.
Vault fractions
A fraction contract represents a new asset deployed with the vault that enables fractional ownership of the vault.
- First, we specify the content of the vault
- Then we specify the fraction contract:
- standard (as below)
- amount of token
- contract name and symbol
Compatible standards for fractions
Fraction tokens can be issued in the 3 conventional EVM token standards
| Standard | Name | Use Case |
|---|---|---|
| ERC-20 | Fungible Token | Widely used for creating digital assets and currency |
| ERC-721 | Non-Fungible Token | Unique, verifiable assets, commonly used in collectibles and digital art markets. |
| ERC-1155 | Multi-Token Standard | Semi-fungible standard ideal for gaming and asset bundling |
Benefits
- Interoperability across any blockchain standards. As vaults can contain multiple standards.
- Creating diversified products that hold many different types of assets.
- Ensuring compliance by forcing wallets to pass KYC/KYB/KYT rules before interacting with the vault.
- Omnichainby deploying fractions on multiple chain natively, ensuring synchronized supply across them.
Updated about 2 months ago