ETFs for Crypto — Active Strategy Tokens on ERC-3643
The RWA tokenisation wave is underway — but every product on-chain today offers the same thing: passive T-bill yield. We're bringing active strategies to the chain.
Existing tokenised products (BUIDL, USDY, USTB) only offer T-bill yield at ~4.3%. Investors get passive exposure wrapped in a token — no alpha, no active management, no edge.
AQ tokenises active trading strategies — 3x the yield at institutional-grade risk management. Same regulatory framework, dramatically better returns.
Same regulatory framework, 3x the return
Seven distinct tokens spanning the risk-return spectrum — from near-zero-risk T-bill wrappers to high-yield active strategies.
| Token | Strategy | Net Yield | Risk | Phase |
|---|---|---|---|---|
| AQ-YIELD | Multi-Strategy (Flagship) | 12.8% | Moderate | Launch |
| AQ-TBASIS | Treasury Basis | ~15.0% | Low | Phase 2 |
| AQ-STABLE | T-Bill Yield | ~4.3% | Near-Zero | Phase 2 |
| AQ-CMDTY | Commodity Curves | ~10.0% | Mod-High | Phase 2 |
| AQ-RATES | Rates / FX Carry | ~8.0% | Moderate | Phase 3 |
| AQ-SENIOR | Tranched — Senior | ~6.0% | Low | Phase 3 |
| AQ-JUNIOR | Tranched — Junior | ~20.0% | High | Phase 3 |
The BTC Bond v2 structure: BTC collateral generates leveraged yield through active multi-strategy deployment.
Active strategies vs passive T-bill wrappers — the yield gap is the product.
Active Strategies vs Passive T-Bills — same compliance, dramatically better returns
Cayman Segregated Portfolio Company — each strategy is legally ring-fenced.
Each segregated portfolio is legally isolated. Strategy failure in one SP cannot affect another. Creditors of one SP have no recourse to assets of another.
Cayman Islands Monetary Authority oversight provides institutional credibility and regulatory framework aligned with global standards.
Institutional-grade compliance baked into the token standard. DeFi-composable from day one.
The institutional security token standard with ISO standardisation underway. Permissioned transfers with on-chain identity verification and compliance rules enforced at the protocol level.
Deploy where the liquidity is. Canonical token on Ethereum, bridged to L2s and alt-L1s for gas efficiency.
Multi-jurisdictional rollout aligned to the most favourable regulatory calendars.
Feb 2026 legislation carves out tokenised funds from VASP regulation
Feb 2026 Cayman Update: New legislation explicitly carves out tokenised fund interests from VASP registration requirements, enabling compliant issuance under existing CIMA mutual fund regulation without additional crypto-specific licensing.
Three parallel channels: own platform, on-chain native, and CeFi / traditional finance rails.
No other tokenised product offers active strategy yield at this scale.
| Feature | AQ | BUIDL | USDY | USTB |
|---|---|---|---|---|
| Yield | 12.8% | 4.3% | 4.5% | 4.2% |
| Active Strategies | ✓ | — | — | — |
| Multi-Product | 7 tokens | 1 | 1 | 1 |
| BTC Exposure | ✓ | — | — | — |
| DeFi Composable | ✓ | Limited | ✓ | Limited |
| Multi-Chain | 4 | 1 | 3 | 1 |
| Retail Access | Global | US Accred. | Non-US | US Accred. |
Institutional-grade controls across legal, regulatory, and portfolio risk dimensions.
| Stream | Range | Description |
|---|---|---|
| Management Fee | 1.0 – 1.5% | Annual fee on AUM |
| Performance Fee | 15 – 20% | Above high-water mark |
| Mint / Redeem | 0.10 – 0.25% | Per transaction |
| Platform Fee | TBD | Third-party tokenisation revenue (2027+) |
Strategy origination, portfolio construction, investor relations, and fund governance. Responsible for all investment decisions and fund operations.
6-person dev team, AI-agent-assisted (Claude Code, Cursor). Python + Rust quantitative trading infrastructure, real-time execution, and calibration systems.