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Transparency, Stability, and Trust

Always secure, always transparently & independently attested

At Frictionless, we are unwavering in our commitment to upholding the highest standards of transparency. Our approach ensures that our clients can trust us to safeguard their interests while navigating the complexities of the digital landscape. 
 

Frictionless Institutional Deposit Tokens

Frictionless Institutional Deposit Tokens are always redeemable 1:1 for the underlying currency. All funds backing these tokens are fully held as currency in cash custodian accounts with G-SIB banks in the EU. Independent fund accountants attest to the balances of each underlying currency account daily, with records published on the public blockchain for transparency and forensic audit purposes.
 

Frictionless Institutional Cash Funds

Frictionless Institutional Cash Funds are always redeemable 1:1 for the underlying money market fund investment and yield distribution. All investments, trades, yields, and holdings in Frictionless Institutional Cash Funds are published daily, directly from the underlying fund's order book, providing you with complete transparency and confidence in our investment operations.
 

Frictionless Institutional Deposit Token Attestations

Attestations are proof of balances in each currency taken daily at 12.00 CET. The attestation data is based on the latest snapshot of the currency account underpinning the Frictionless Institutional Deposit Token and is provided by the independent fund accountant. Each attestation is recorded on the blockchain to provide an immutable forensically auditable proof-of-balance. From time to time additional attestations may be taken throughout the day to provide enhanced proof-of-balance.
 
More technical information on attestations is provided in our official smart contract documentation
 
 Live Attestations
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Frictionless Attestation Manager (Smart Contract)

Attestations are recorded for the following Frictionless Institutional Deposit Token Smart Contract Addresses

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Frictionless Attestation Manager (Smart Contract)

Attestations are recorded for the following Frictionless Institutional Deposit Token Smart Contract Addresses

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fsEUR-black-2
fsGBP-black-2
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Frictionless Attestation Manager (Smart Contract)

Attestations are recorded for the following Frictionless Institutional Deposit Token Smart Contract Addresses

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fsEUR-black-2
fsGBP-black-2
fsHKD-black-1
fsJPY-black-1

Frictionless Institutional Cash Fund Attestations

Attestations are based on the on-chain records of issuance, investment, and redemptions in each Frictionless Institutional Cash Fund, as well as the daily yield distributions. All reports on investments, trades, yields, and holdings in Frictionless Institutional Cash Funds are published daily, directly from the underlying fund’s order book, ensuring you have complete confidence in our investment operations.

Principal Tokens

A principal token representing the total circulating supply of principal investment in the fund is deployed on each network. The supply of principal tokens is increased or decreased based on investment and redemptions by Investors. The total supply of all principal tokens over all networks will always equal the total invested balance of the fund on that date.

Each icon links to the relevant principal smart contract on the specific network.

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Daily Distribution Tokens

For each principal investment on each network, a daily distribution token smart contract is deployed on the 1st day of a new month, with a maturity date of the 1st business day of the following month. Each investor will receive their proportion of the daily yield of the fund based on their total investment on the previous day. Daily yield tokens are issued each day in batch mint at 12:00 CET (Luxembourg).

Each icon links to the relevant daily distribution smart contract on the specific network.

Notes: If there are no investments in a fund for a particular month there will be no daily distribution tokens recorded.

2024-10
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2024-09
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2024-08
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2024-07
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2024-06
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 Investment Attestations

All of our investment and redemption transactions, along with the holdings reports are attested via our direct reporting from the underlying fund order book system.

Trading Reports

Daily activity summary statements contain the record from the order book-entry system for the given date range. These include all buy (investment), sell (redemption) and accrual (daily distributions) for the specified fund.

Holdings Reports

Daily holdings reports define what exposure investments have to underlying assets, such as government bonds, repurchase agreements or cash. These holdings contain the weighted balance of investments in each specific asset as % of the whole portfolio for the specified fund.

Executive Reports

Monthly executive reports contain a summary of the fund investment, redemptions, holdings and returns for the preceding month. 

Notes: Executive reports are generated on the 1st business day of the month based on the activity for the preceding month. If there are no investments in a fund for a particular month there will be no reports generated.