Onchain portfolio products

Every share class will be a smart contract.Alora is where they get issued.

Alora is the issuance and distribution rail for onchain portfolio products, where a strategy becomes an investable share class: minted, priced, redeemed and hedged by smart contracts.

SCROLL ↓THE COMPLIANT ONCHAIN SHARE CLASS
The missing layer

Markets run as a corridor.
Only one layer is onchain.

Every liquid market decomposes into three layers: the cash (the asset itself), the wrapper (the fund that packages it), and the hedge (the derivatives that keep it priced). Most investors only ever touch the wrapper.

Layer 01 · Cash

The asset itself

T-bills, bonds, credit, gold, single stocks: the things a portfolio holds.

ONCHAIN · $31B
For example: GOLD → a bar in a London vault
wrapped by
Layer 02 · Wrapper

The investable product

ETFs, mutual funds, active strategies, structured notes: the products investors actually buy.

ABSENT ONCHAIN · $147T
For example: GOLD → GLD, the bar without the vault
priced by
Layer 03 · Hedge

The synthetic offset

Perpetuals, futures, options and swaps that keep wrappers honest against what they hold.

PARTIALLY ONCHAIN
For example: GOLD → a COMEX gold future
Synchronization

A wrapper is only investable if its price stays honest against the cash it holds and the hedges around it.
Value concentrates where the three layers stay in line: the synchronization is the investability.

A tokenized single stock only mirrors a price the exchange already discovers. A fund share is a claim on a changing basket: its NAV must be computed continuously, and its traded price pulled back to that value by a creation and redemption loop, or the product is broken.

A single-asset token is an oracle problem. A portfolio token is a NAV, arbitrage and hedging problem. That is why billions in tokenized single assets exist onchain, and no variable-NAV portfolio product does. The moment NAV must move, tokenization stops.

$31B
Tokenized RWA onchain, all static
$147T
Professionally managed AUM, no onchain share class
0
Variable-NAV portfolio tokens onchain today
The solution

The share class is the product.

Alora builds the machinery that lets a portfolio product exist onchain with price integrity. Subscription, ownership record, reporting and redemption all happen on one contract. Issuer and investor meet on a single piece of code.

01 · NAV

Live NAV

Every position valued continuously, fees accrued, with an audit trail a treasurer can diligence.

02 · Primary loop

Mint & redeem at NAV

Shares are created and redeemed against live NAV by the contract itself. Instant settlement, instant redemption.

03 · Sync

Rebalance & hedge

Strategy and overlay logic reconcile to the same NAV the investor sees. The price stays honest by construction.

04 · Compliance

Native compliance

Allowlisted wallets, KYC at the edge, every flow attributable onchain. Built for regulated capital from the first block.

For investors

Active real-world strategies, in a token you hold.

A compliant onchain share class whose returns come from actively managed real-world asset strategies, not another static wrapper.

01Compliant by design

An onchain share class built for institutions and qualified purchasers, with inbuilt transfer restrictions and processes your compliance team can sign off on.

02Real returns

Returns derive from RWA-based active strategies: managed portfolios with a real, moving NAV.

03Instant settle, instant redemption

Mint and redeem against live NAV, onchain. No T+2, no queue, no waiting for a dealing day.

04Always self-custodial

Shares sit in your wallet or with your qualified custodian. Alora never takes possession of funds.

05Transparent

Live NAV, every position, every policy check: verifiable onchain, continuously, not in a quarterly PDF.

For issuers

Launch the onchain share class.

Alora is the platform to issue and distribute portfolio products directly to onchain capital allocators, compliantly.

01Meet your investor

Today an issuer reaches its end investor through four rented intermediaries and never sees them. On Alora, you issue directly to the wallet that holds you.

02Issuance is distribution

The share class settles into any allowlisted wallet and plugs into any onchain portfolio. Distribution stops being a network you rent and becomes a property of the technology.

03Compliance onchain

Subscription, register, reporting, redemption, transfer restrictions: all enforced onchain.

04A new capital base

DAOs, protocol treasuries, digital asset treasuries: over a million holders of tokenized assets and 274 million stablecoin holders, a compounding allocator base that was never reachable through a wirehouse shelf.

For curators

Bring the strategy.
We run the machinery.

Alora extends the vault to active strategies on real-world assets, on a fully compliant venue.

01Active RWA strategies

Launch your RWA-based derivative or spot trading strategies. Alora manages the rest.

02Distribution built in

Your vault reaches institutional onchain allocators from the day it launches. The shelf and the register are the same surface.

03A provable track record

Every trade, mark and policy check is attributable onchain. Your performance is your billboard: portable, verifiable, yours.

04A compliant venue

Allowlisted investors and KYC at the edge mean regulated capital can allocate to your strategy, capital that could never touch an unpermissioned vault.

05Fees on the contract

Management and performance fees accrue in the share class itself and stream to you as it grows. No invoicing, no negotiation after the fact.

Early access

Get on the register.

Access opens in cohorts: investors, issuers and curators. Tell us who you are and we’ll be in touch as your cohort opens.

WE REPLY TO EVERY REQUEST
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