2/Project
The coming together of the business ecosystem and the token ecosystem.
Description of project
Frac helps businesses fractionalise their assets using our web3 technology solutions. This helps businesses unlock capital, attract new investors/ customers and become future-ready. Our commercial model ensures a win-win because when the client wins, Frac wins. And we have a strong presence in Asian markets where there will be a strong future demand
Frac's ready-to-deploy web3 solutions will help you fractionalise your assets. So you can unlock capital, attract new customers and investors faster, in a more future-ready way. And we will do this for you under your brand name. At close to zero upfront costs
The $FRAC (Frac Ecosystem Token) project represents the utility sphere of Frac's ecosystem. The Frac Ecosystem Token aims to be a unification token among all the platforms which Frac will deploy for enterprises by connecting collectors/wholesalers/traders/lovers of selected asset classes from the different enterprises, within a new world where wealth flows better.
Positioning of this project vis-à-vis the company’s business plan
As the customer base for Frac starts to build up, meaning as Frac acquires more enterprise customers in the Luxury Assets, NGO and potentially even the Intellectual Property markets, these enterprise customers become indirect ambassadors of $FRAC. These customers are existing businesses and Web2.0 brands in the Luxury Assets/NGOs/Intellectual Property markets and they in turn have access to thousands, millions of people in their customer bases. As Frac grows as a business, Frac is also growing the distribution channels for $FRAC. Every enterprise that Frac onboards, is a distribution channel for $FRAC.
Problem or market addressed by the project
Frac solves 3 problems:
Investors can’t access or afford high-value asset classes today
Asset owners are always challenged to find/ unlock capital in lieu of their assets
Distributors with access to potential investors don’t have the capability to offer tokenised, fractionalised products
Frac's key value propositions
Asset owners – we help you fractionalise your assets at close to zero upfront costs; we win when you win
Distributors – Offer your customers investment opportunities that were previously unavailable to them and create new revenue streams for yourself
Compared to other projects, our team of returning successful entrepreneurs have a track record of building successful businesses. We know how to bring businesses from 0 to 1, and 1 to 10. This gives us an edge over projects who have first-time entrepreneurs as their founders. Another reason is the broad spectrum of experiences in the team, spanning different industries and eras of learning; not just Web3.0 but even web 1.0 and web 2.0 projects.
And very importantly, our culture: We are humble and open-minded about combining forces with complementary partners. This is critical because to unlock the asset fractionalisation opportunity, an ecosystem of expertise will need to come together. We will therefore build our business in an inclusive way
Our system offers a Decentralised Exchange module to Enterprise Owners which allows them to waive away the need for custodian fees and acquisition of a brokerage or treasury license.
Frac's selection criteria for Enterprises
Frac has a strict selection criteria, and only Enterprises which meet the following conditions are onboarded
1/Enterprises undertake that they must all times comply and observe all applicable laws and regulations, as explicitly stated in the Licensing and Services Agreement which every Enterprise signs with Frac before any formal deployment of the tokenisation platform 2/Enterprises must show track record of previous buying, selling or trading of their respective asset classes/jurisdiction 3/For the first 5 offerings, Enterprises may only offer insured assets for tokenisation. For future offerings, Enterprises are recommended to continue insuring assets which are or will be tokenised
4/Enterprises will also be judged on their ability to store, manage and ensure that physical assets can be properly maintained according to industry standards.
Regulatory Compliance and Jurisdictional Adherence
Frac is fully committed to ensuring compliance with all applicable laws, regulations, and guidelines in the jurisdictions where we operate. We recognize that the regulatory landscape for Real World Asset (RWA) tokenisation is evolving, and it varies significantly across different regions. To this end, Frac has implemented a robust compliance framework to address these challenges:
Jurisdictional Compliance: In every jurisdiction where Frac provides services, we will rigorously adhere to local laws and regulations governing digital assets, tokenisation, and related financial activities. Frac’s legal and compliance teams are continually monitoring regulatory developments to ensure that our operations remain fully compliant.
Working with Regulated Partners: In jurisdictions where specific licenses are required to offer tokenisation services, Frac will collaborate with locally regulated and licensed partners. For example, in Malaysia, Frac will work with platforms which hold a Recognised Market Operator (RMO) registration. This partnership allows us to offer our tokenisation services through a compliant and regulated platform, ensuring that all activities meet stringent requirements.
Proactive Regulatory Engagement: Frac is dedicated to engaging proactively with regulators to ensure that our services align with existing legal frameworks and contribute positively to the development of the digital asset industry. We will seek approvals and adhere to licensing requirements where necessary, demonstrating our commitment to regulatory compliance and consumer protection.
Contingency Planning: Should there be any changes in the regulatory environment, Frac has established contingency plans to adapt our services swiftly and maintain compliance. This may include adjusting our business model, seeking additional licenses, or modifying our service offerings to align with new regulations.
By implementing these measures, Frac aims to not only comply with current regulations but also to position itself as a leader in the responsible and compliant tokenisation of real-world assets globally.
Project Roadmap and key milestones (incl. completed and planned)
Research and Feasibility Analysis (Completed)
Conduct market research to understand the demand for fractional asset ownership.
Analyze legal and regulatory requirements for fractional ownership of various asset types.
Feasibility study for the technological implementation, including blockchain and decentralization aspects.
System Design and Architecture Planning (Completed)
Design the overall system architecture, including the asset owner’s portal, the Asset Initial Offer platform, and the decentralized exchange.
Develop a security plan to ensure safe transactions and data integrity.
Development of the Asset Owner’s Portal (Completed)
Create a user-friendly interface for asset owners to register and manage their assets.
Implement functionality for asset owners to create and manage fractional ownerships.
Integrate security protocols and compliance checks.
Development of the Initial Asset Offer Platform (Completed)
Develop the platform interface for investors to view and purchase asset fractions.
Integrate self-custodial wallets such as Metamask, Trust Wallet, and Web3Auth.
Ensure regulatory compliance and security measures are in place.
Development of the Decentralized Exchange (Completed)
Build the decentralized exchange platform for buying and selling asset fractions.
Implement smart contract functionality for secure and autonomous transactions.
Ensure compatibility with various cryptocurrencies and wallets.
Inclusion of Blockchain-based IoT surveillance dashboard for monitoring of mobile assets
Integration and System Testing (Completed)
Integrate the asset owner’s portal, Asset Initial Offer platform, and decentralized exchange.
Conduct thorough testing for functionality, security, and user experience.
Address any bugs or issues identified during testing.
Launch and Deployment (Completed)
Deploy the system on a suitable infrastructure.
Launch the platforms with initial assets and users.
Post-Launch Support and Maintenance (Ongoing)
Monitor system performance and address any technical issues.
Regularly update the system for security, compliance, and feature enhancements.
Provide ongoing customer support and technical assistance.
Expansion and Scaling (Future) Objective: Broaden the asset range on the platform and expand the operational scale to accommodate more users and transactions.
Target Timeframe: Start in Q4 2024, with ongoing expansions based on market demand.
Activities:
1/ Deployment to 2 more Layer 1 chains - such as Solana/AVAX, depending on technical feasibility
2/ Adding new asset categories based on market research and user demand.
3/ Scaling the platform's infrastructure to support higher volumes of transactions and users.
4/ Analyze user feedback and market trends for potential improvements.
5/ Maintain current clientele and make sure they succeed with tokenized products
6/ Expand the range of assets available for fractional ownership.
7/ Scale the system to handle increased transaction volumes and user numbers.
Continuity of Compliance (Future/Ongoing)
Objective: Ensure that Frac's operations stay within the bounds of legal and regulatory requirements in every jurisdiction it operates. This is crucial for minimizing risk, ensuring the trust of stakeholders, and fostering a stable environment for growth and innovation.
Target Timeframe: The compliance effort is ongoing and adapts to changes in the legal and regulatory landscape.
Activities: 1/ Regulatory Monitoring and Analysis 2/System Updates for Compliance 3/Periodic Compliance Audits 4/Legal and Compliance Training 5/Stakeholder Engagement 6/Cross-Jurisdictional Compliance Strategies
Customer Acquisition (Ongoing)
Acquired 7 enterprises from 3 different industries
Total expected initial traction: 5000 to 20,000 consumers/investors
Token Utility Creation (Ongoing)
Objective: Establish and promote and expand the Frac Token's utility within the Frac ecosystem
Target Timeframe: Initial marketing in Q4 2024, ongoing promotion and utility expansion. Aiming to complete all milestones by Q4 2025
Activities: The Frac Team will endeavor to deliver the token utilities outlined in 3/Token Features
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