Frictionless Markets is a leading provider of digital institutional capital solutions, specializing in tokenized financial instruments and cutting-edge technology to transform global capital markets. As an issuer of Institutional Deposit Tokens and Money Market Funds, the company offers secure, transparent, and efficient solutions that cater to the needs of institutional investors and asset managers. The Frictionless platform makes it faster, safer and more efficient to launch any tokenized asset class, fund or investment strategy on any blockchain with ultra-low minimums and incredible efficiency.

Legal Name: Frictionless Markets Sàrl

Counterparty Type: Tokenized Money Market Product

Entity Type: Sàrl (LLC)

Products: Tokenized Collateral Solutions, Institutional Deposit Tokens (GBP, USD, EUR, JPY, HKD), Institutional Cash Funds - Money Market Funds (USD, GBP, EUR), Bitcoin Treasury Fund, Fund Tokenization and Structuring Solutions

Year Founded: 2022

Restricted Jurisdictions: USA, sanctioned countries (OFAC)

Issuer Jurisdictions: Luxembourg
Certifications: SOC II Compliant

Tokenized Asset Ticker: fsISTUSTD, fsBRIEGCD, fsBICSGCD

Tokenized Asset Name: Frictionless Institutional Cash US Treasury Fund (fsISTUSTD), Frictionless Institutional Cash ​Euro Gov Liquidity Fund (fsBRIEGCD), Frictionless Institutional Cash ​Sterling Gov Liquidity Fund (fsBICSGCD)

Service Providers: Frictionless Markets, BlackRock Institutional Cash Series PLC, Citibank International Limited, Creatrust Sàrl, Audit Conseils Services Sàrl

Blockchain Networks: Avalanche, Arbitrum, BASE, Ethereum (in Jan 2025). We also support non-double spending transfer of securities cross chain via Chainlink CCIP & PoR.
Tokenized Asset Contract Address(es): https://43114.snowtrace.io/token/0x6Ac2Bb4b20Bf7f5351B4Ac1D87eDF233367fE926,
https://arbiscan.io/token/0x2d1bb131e26c689c092edede3290be533c810ad2,
https://basescan.org/token/0x55cce5ea42723b9d65034cd1a63b781e5e22a18b,
https://43114.snowtrace.io/token/0x2345d816728f4f94E71A866172CCEC161549a81F,
https://arbiscan.io/token/0x55cce5ea42723b9d65034cd1a63b781e5e22a18b,
https://basescan.org/token/0x5208552c88886453b8302d9848b3288e75e4d93f,
https://43114.snowtrace.io/token/0x582a7418968EaDc0BF76Eb8F43358792975e00B3, https://arbiscan.io/token/0x6ac8441f7eac7b71247bac69b9059a278c7fa666,
https://basescan.org/token/0x7eaf99d8dc12e898110abec0bba05eb1d76abb05.
All yields are monthly maturities and the contract addresses are posted on our site at https://frictionless.markets/transparency

Token Standard: ERC-3643

Subscription/Redemption (Mint/Redeem) Permissions: Subscription/Redemeption is only via whitelisted wallets. Wallets are whitelisted using OnChainID and are subject to KYC/AML verification under EU AML6 directive.

Liquidity: Daily redemptions, daily liquidity

Secondary Market Permissions: Permissioned

Underlying Instruments: fsISTUSTD - The Fund allocates 100% of its assets to the BlackRock Institutional Cash Series US Treasury Fund, which is composed of cash, U.S. Treasury bills, and repurchase agreements. fsBRIEGCD - The Fund allocates 100% of its assets to the BlackRock Institutional Cash Series Euro Gov Liquidity Fund, which invests in Government bonds, notes and bills issued or guaranteed by member countries of the European Union as well as repurchase agreements where the associated collateral comprises obligations issued by member countries of the European Union. fsBICSGCD - The Fund allocates 100% of its assets to the BlackRock Institutional Cash Series Sterling Gov Liquidity Fund, which in a broad range of government fixed-income securities (such as bonds) and money market instruments (MMIs) (i.e. debt securities with short-term maturities), reverse repurchase agreements and in cash.

Mechanics of Token Value Accrual: Distributions

Integrations: Chainlink, Circle, EURC redemptions, Coinbase,

The issuance of the fund tokens qualifies as a financial instrument under the Securitization Law, Financial Collateral Act and Blockchain Laws of Luxembourg and the EU.

Standard Fees: 0.45%

Other Expenses: None

Risk Assessments: All smart contracts are provided under the permissive MIT License at:

https://gitlab.com/dfyclabs/protocol/dfyclabs-tokens/-/tree/main. The Frictionless contracts are fully audited by Hacken.io, the most recent audit was on December 11th, 2023. The underlying technology ERC-3643 has undergone several audits and is actively managed by the ERC 3643 foundation. The comprehensive audit report conducted by Hacken.io is available for review at Frictionless Protocol Audit Results.

Further details on the smart contracts are available on our public-facing documents at https://docs.frictionless.markets/developer/smart-contracts/audit-and-security.

Settlement: FIAT, Institutional Deposit Tokens, USDC, EURC, USDT

Custodians: Citibank International, Barclays, Coinbase Custody

API Availability: Yes - OpenAPI for Listing, Trade & Execution, Custody