DMF, issued by Digital Macro Fund LTD and tokenized by Tokeny S.à r.l., is a tokenized fund interest representing digital fund shares that track the net asset value (NAV) of an underlying venture capital and private equity (VC/PE) fund [S1].

Each DMF token represents a share in the Digital Macro Fund VC/PE fund, with economic exposure to that fund's VC/PE holdings and related instruments, and tracks the fund's NAV [S1]. The tokenization platform represents existing fund shares on a digital infrastructure rather than issuing a separate reserve-backed instrument, so holders retain the economic exposure of the underlying fund shares [S1]. If the underlying fund makes a distribution and eligibility requirements are met, holders receive a corresponding amount.

Digital Macro Fund LTD is the legal issuer; Tokeny S.à r.l. (Tokeny Solutions), registered in Luxembourg under RCS number B218805 and part of Apex Group, is the tokenization technology provider and does not itself issue or hold assets [S2][S3][S4]. The holder's claim takes the form of digital fund shares represented onchain as permissioned ERC-3643 security tokens [S1][S5]. Only eligible whitelisted investors can hold or transact tokens, with eligibility validated before each transfer [S6][S5][S7]. Tokeny provides built-in regulated custody and an ONCHAINID-based securities-recovery process; wallets are provided by third party DFNS SAS [S8][S5][S3].

DMF uses the ERC-3643 permissioned token standard, an ERC-20 compatible suite with issuer controls to mint, burn, block or force transfers [S5]. Tokens deploy on EVM blockchains, primarily Ethereum and Polygon [S9][S10]. Agents allocate tokens through digital onboarding with supply controlled via mint, burn and freeze, and compliant peer-to-peer transfers settle instantly via the DINO network [S8][S9].

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    { id: "S4", url: "https://tokeny.com/apex-group-acquires-majority-stake-in-tokeny-to-catalyze-widespread-industry-tokenization-adoption/" },
    { id: "S5", url: "https://tokeny.com/erc3643/" },
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Tokenized funds

Tokeny operates through a white-label, no-code and API-ready platform that automates token deployment, manages security lifecycles, and enables distribution across multiple blockchain networks while enforcing compliance at the transaction level. The company has built an extensive ecosystem of 100+ partners and leverages their open-source ERC-3643 smart contract standard to ensure interoperability across both private and public blockchains, generating revenue through their enterprise SaaS tokenization infrastructure.

The platform provides comprehensive onchain finance infrastructure for issuing, managing, and distributing compliant tokenized securities including real estate, private equity, funds, and debt instruments. Tokeny operates the T-REX Platform and Engine, built on their proprietary ERC-3643 standard which is recognized as the official Ethereum standard for compliant tokenization, enabling institutions to tokenize real-world assets while maintaining regulatory compliance through on-chain controls.

Tokeny is a leading enterprise-grade blockchain tokenization platform that has been serving institutional clients since 2017, having tokenized over $32 billion in assets across 120+ customers.

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Real-world asset (RWA) issuers

Tokeny

Digital Macro Fund LTD (DMF) is a tokenized fund share issued by Tokeny through Digital Macro Fund, Ltd.

Digital Macro Fund, Ltd. is incorporated in the Cayman Islands.

DMF has been issued on Avalanche as an ERC-3643 token since August 2025.

Digital Macro Fund LTDDMF

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