🔁 Subscription & Redemption

Once investors are onboarded, they may subscribe to the fund and receive QCDT tokens representing their fund shares. The subscription process is as follows:

Minting QCDT (Subscription)

Step 1: Transfer Subscription Funds

• Investors transfer their subscription amount in either USD (via bank wire) or USDC (via on-chain wallet) to the fund’s designated account.

• If using fiat USD, funds must be wired to the Fund Capital Account held at Standard Chartered Bank (DIFC).

• If using digital assets (USDC)*, funds must be sent to the designated fund wallet on-chain.

⏰ Cut-Off Time: For subscription to be processed on the next dealing day, subscription funds must be received by 1:30 PM (GMT+4) on T-1, i.e., two business days prior to the intended dealing day (T+1).

Step 2: Allocation of Fund Shares (T+1)

• On dealing day (T+1), the Fund Administrator calculates the number of fund shares to allocate based on the NAV released on T+0.

• Shares are officially allocated by 3:00 PM (GMT+4) T+1 and made available for tokenization (minting) through the DMZ Investor Portal.

Step 3: Access Investor Portal

• Investors log in to the DMZ Investor Portal to view their fund share allocation and initiate minting of QCDT

• Wallet connection is not required for minting, as each investor is assigned a unique wallet address (displayed under “My Wallet”).

Step 4: Mint QCDT Tokens

• Within the portal, investors select “Mint QCDT” and submit the mint request.

• Note: Investors must mint the entire number of QCDT tokens corresponding to their allocated fund shares in a single request.

Step 5: Receive QCDT

• The Fund Administrator verifies and approves the minting request.

• QCDT tokens are minted on-chain and delivered to the investor’s assigned wallet address (shown under “My Wallet”).

• A confirmation is sent via email and shown on the portal once tokens are issued.

Step 6: QCDT Withdrawal

• Investors may request to withdraw QCDT tokens from their assigned wallet to another whitelisted wallet (e.g., their own private wallet).

• All withdrawals are subject to Fund Administrator approval.

*coming soon

Burning QCDT (Redemption)

Investors may redeem their QCDT tokens to receive the equivalent value in USD or USDC* by following the process below:

Step 1: Log In and Access "My Wallet"

• Investors log in to the DMZ Investor Portal and navigate to the “My Wallet” section.

Step 2: Submit Redemption Request

• Investors select “Burn QCDT” and enter the number of tokens they wish to redeem.

• Only QCDT tokens held in the investor’s assigned wallet ("My Wallet") are eligible for redemption. If tokens are held in another wallet, they must be transferred back to the assigned wallet before submitting a redemption request.

⏰ Cut-Off Time: Redemption requests must be submitted by 1:30 PM (GMT+4) on T-1 to be processed on the following dealing day (T+1).

Step 3: Review by Fund Administrator (T+0)

• The Fund Administrator reviews and verifies the redemption request.

• Redemption proceeds are calculated based on the NAV published on T+0.

Step 4: Settlement and Burn (T+1)

• On the dealing day (T+1), QCDT tokens are burned on-chain and removed from circulation.

The corresponding redemption proceeds are remitted to the investor as follows:

• In USD, funds are sent via wire transfer to the investor’s designated bank account.

• In USDC*, funds are sent to the investor’s whitelisted wallet address.

Note: The timing of when the investor actually receives the funds may vary depending on bank processing times or blockchain network conditions.

Step 5: Receive Confirmation

• Investors receive a confirmation email once the redemption is complete.

• The redeemed token amount and transaction will be reflected in the portal’s transaction history.

*coming soon