Investment fund token ownership
A decentralized investment fund operates according to consensus code on a shared ledger and raises capital by issuing ownership tokens on the shared ledger. The decentralized investment fund may hold digital assets in the consensus code and distribute profits to the token owners according to each owner's dividend preference. A token owner's dividend preference can include digital assets tracked by a different shared ledger, stabletoken digital assets pegged to the value of a digital asset, and cross-chain digital asset swaps. Token issuance may include a proof of accreditation requirement based on cryptographic proof on a shared ledger. The decentralized investment fund may distribute fund documents to the token holders by encrypting the document, first with a symmetric key common to all token holders, and second with an asymmetric key unique to each token holders and based on the token's holder's known public address on the shared ledger.
1. A method of issuing a requested number of ownership tokens of a decentralized investment fund operating on a shared ledger of a blockchain network, the method comprising:
broadcasting a token sale transaction as a smart contract on the blockchain network from a wallet address associated with at least one entity of the fund; and
calling a plurality of functions of the smart contract to perform via at least one processing system the steps of:
receiving a purchase request from a candidate purchaser for the requested number of ownership tokens from the wallet address associated with an account on the shared ledger and identifying the candidate purchaser as an owner of a private key corresponding to the wallet address on the shared ledger;
determining whether the candidate purchaser satisfies an investment accreditation condition based at least in part on the account on the shared ledger including determining receipt of a payment of capital based on the requested number of tokens into the fund from the candidate purchaser and determining at least one of: (i) digital asset funds held by the account of the candidate purchaser exceeding a minimum; and (ii) minimum income received over a defined period of time;
determining that the candidate purchaser satisfies the investment accreditation condition that includes transferring the requested number of tokens to the account on the shared ledger and identifying the candidate purchaser as a token holder; and
outputting a fund document on the shared ledger for viewing by the token holder, the outputting includes:
using a symmetric key, symmetrically encrypting the fund document by the at least one processing system to yield an encrypted operating document;
writing the encrypted operating document to the shared ledger;
asymmetrically encrypting a copy of the symmetric key by the at least one processing system to define a unique encrypted key for the token holder which decrypts using the private key corresponding to the wallet address on the shared ledger; and
writing the encrypted copy of the symmetric key and the unique encrypted key to the shared ledger for unlocking the encrypted operating document and yielding a readable copy of the fund document.
2. The method of claim 1 , wherein the determining digital asset funds held by the account of the candidate purchaser exceeding a minimum includes determining cryptographic proof of ownership of a spendable digital asset, the value of the spendable digital asset exceeding a minimum investment accreditation wealth requirement.
3. The method of claim 2 , further comprising determining that the spendable digital asset has been unspent for longer than a minimum wealth ownership period of time.
4. The method of claim 1 , further comprising determining cryptographic proof of ownership of a payment address for the account on the shared ledger, the payment address having a payment history exceeding a minimum investment accreditation income requirement.
5. The method of claim 1 , further comprising determining receipt of a cryptographically signed digital message associated with the account on the shared ledger, the digital message attesting that the investment accreditation is satisfied with respect to the purchase request.
6. The method of claim 1 , further comprising paying a dividend in an asset tracked on a different shared ledger from the shared ledger of the blockchain network.
7. The method of claim 6 , further comprising receiving a request to change in a dividend payment preference including one or more digital assets; broadcasting an approval transaction recording the dividend payment preference on the shared ledger of the blockchain network; broadcasting a dividend transaction to the smart contract on the shared ledger of the blockchain network; and executing a dividend payout to the owner of the account on the shared ledger of the blockchain network according to the dividend payment preference.
8. The method of claim 7 , wherein the dividend payment preference includes at least one digital asset not tracked on the shared ledger of the blockchain network.
9. The method of claim 8 , wherein the dividend payout includes the at least one digital asset not tracked on the shared ledger of the blockchain network, the dividend payout being made according to a cross-chain bridge.
10. The method of claim 8 , wherein the dividend payout includes payment in a stabletoken tracked on the shared ledger of the blockchain network, the stabletoken being pegged to a value of the at least one digital asset not tracked on the shared ledger.
11. The method of claim 8 , wherein the dividend payout includes the at least one digital asset not tracked on the shared ledger of the blockchain network, the dividend payout being made according to an inter-chain relay.
12. The method of claim 8 , wherein the dividend payout of the at least one digital asset not tracked on the shared ledger of the blockchain network, is verified by the smart contract as paid according to a simplified payment verification contract on the shared ledger, the simplified payment verification contract including block headers and a subset of transactions associated with the digital asset not tracked on the shared ledger.
13. The method of claim 7 , wherein the dividend payment preference includes a maximum amount of price slippage with respect to the one or more digital assets.
14. The method of claim 7 , wherein the dividend payment preference includes a market for obtaining the one or more digital assets.
15. The method of claim 7 , wherein the determining operation is based at least in part on a state of the shared ledger.
16. The method of claim 7 , wherein the dividend payment preference includes a timeout period and at least one fallback digital asset.
17. The method of claim 1 , further comprising determining a set of token owners with each token owner in the set of token owners being identified by a unique public encryption key derived from a wallet address associated with the token holder on the shared ledger; asymmetrically encrypting copies of the symmetric key with the unique public encryption keys identifying the set of token owners to yield a unique encrypted key associated with each owner in the set of token owners; and transmitting, to each token owner in the set of token owners, the unique encrypted key associated with the owner.
18. The method of claim 17 , wherein the transmitting includes writing a double-encrypted key to the shared ledger.
19. The method of claim 17 , wherein the transmitting includes a blockchain whisper message.
20. The method of claim 17 , wherein the fund document is a set of copies of the fund document, each copy of the fund document including a unique token owner identifier.