From dollars to on-chain shares

How FUDEX works.

A regulated fund share, a permissioned token and a public blockchain — connected by an SEC-approved transfer agent. Here's the full lifecycle, from verification to cash-out.

The lifecycle

Five steps, end to end.

01

Verify & get whitelisted

Complete KYC once. On approval, your wallet is added to the ERC-3643 registry so permissioned tokens can settle to it. This is the gate that lets a regulated security live on a public chain.

KYC · ERC-3643 whitelist
02

Deposit funds

Fund your account with USDC or fiat via the FUDEX.IO ramp. The funds you'll trade are already tokenized 1:1 and listed by FUDEX.IO, with Empire Stock Transfer recording ownership as custodian of record.

USDC / fiat → trading balance
03

Trade peer-to-peer

Buy and sell with whitelisted counterparties through on-chain escrow, or work the order book. Prices reference the oracle NAV, so the market stays anchored to each fund's real value.

P2P escrow · order book · 0.20% fee
04

Settle & reconcile

Every trade settles wallet-to-wallet on-chain and is reported to Empire Stock Transfer's master ledger automatically. The registry and your wallet are reconciled continuously — no end-of-day batch.

On-chain settlement · registry sync
05

Sell when you want out

Exit the way you entered — sell your tokens to another whitelisted member through escrow, then withdraw proceeds to your linked bank. Tokenization and de-tokenization stay with FUDEX.IO at the platform level; holders never mint or redeem directly.

Sell P2P → withdraw to bank
Why it's built this way

Compliance at the protocol level.

The registry is the truth

A regulated transfer agent is the legal registrar of record. Your on-chain balance mirrors it, so ownership is never ambiguous.

Permissioned transfers

ERC-3643 tokens move only between verified, whitelisted wallets — so a security can settle on a public chain without breaking the rules.

NAV-anchored pricing

An oracle publishes each fund's net asset value on-chain, keeping market prices tethered to real fund value with transparent premiums and discounts.

1:1
Tokens backed by custodied shares
0.20%
Flat trading fee, shown before you trade
P2P
Every trade is member-to-member via escrow
24/7
On-chain settlement & registry sync

Ready to walk through it live?

Get verified, mint your first tokens, and trade peer-to-peer — the whole lifecycle in one app.