SG liquidity fund operations
Operate tokenized liquidity funds as a governed treasury allocation sleeve with a shared view of official records, mirrored holdings, NAV servicing, cashflows, and close.
Overview
Tokenised liquidity-fund positions run as a governed treasury liquidity sleeve with official-register, holdings, NAV, and close continuity.
StableNexus orchestrates dealing-window controls, investor eligibility, issuance evidence, NAV servicing, and closeout proof while official fund-admin, transfer-agent, and custody records remain partner-led.
Route coverage
- Dealing-window setup to reconciled close
- Investor qualification, order admission, and calendar-bound fund actions
- Official register, mirrored holdings, custody acknowledgment, and NAV continuity
- Funding, issuance, servicing, and reconcile on one operational spine
Infrastructure
- Fund manager, fund admin, transfer-agent, and custody continuity
- Investor eligibility, order-book, official register, and mirrored-state controls
- Shared reconciliation close
Lifecycle stages
| Stage | Flow steps | Notes |
|---|---|---|
| Fund Setup | Bind the fund product, tokenised share class, and offer basis; Open the dealing calendar and set the cut-off and valuation point; Bind fund manager, admin, transfer-agent, custody, and settlement roles; Publish the control packet and dealing-window status | Fund-admin and transfer-agent performance remain appointed-role responsibilities. |
| Qualify Subscribe | Validate investor class and eligibility for the selected share class; Admit subscription orders into the dealing book before cut-off; Match cleared subscription cash to the admitted order book; Freeze the book pending NAV strike and allotment | Subscription cash must be matched before any allotment is released. |
| Issue Allocate | Strike the dealing NAV with the fund-admin rail; Apply rounding and allotment policy to each qualified order; Record the official allotment with the transfer agent; Mint mirrored units, sync holdings, and confirm custody acknowledgment | The transfer-agent register, not the token mirror alone, remains the official position source. |
| Service Reconcile | Publish the NAV pack and updated holdings statement; Process redemption and distribution instructions against the dealing calendar; Confirm cash settlement and custody position changes; Resolve breaks and publish the reconciled close pack | Redemption and distribution events follow the published dealing calendar. |
Setup reference
| Field | Explanation | Related terms |
|---|---|---|
| Fund amount | Sets the value carried through the selected fund action. Determines the amounts shown in dealing, valuation, and close records. | |
| Investor perimeter | Sets who can enter this fund action. Controls which eligibility checks apply. | |
| Unit register model | Supports more than one register model. Controls how unit ownership is recorded. | Public fund, NAV basis |
| Fund action | Supports more than one fund action. Controls which branch the workflow follows. | Public fund, NAV servicing |
| Fund product | Fixed for this case. Scoped to one fund product. | |
| Dealing currency | Fixed for this case. Scoped to one dealing currency. | |
| Settlement mode | Fixed for this case. Scoped to one settlement mode. Determines how dealing and close are recorded. |