Frequently Asked Questions

Digital asset funds, DeFi strategy funds, on-chain credit funds, tokenized asset issuers, and blockchain-native investment structures — any investment product whose on-chain activity requires protocol-level interpretation before it can produce institutional financial reporting. If your investment product generates blockchain activity that existing fund administrators, collateral administrators, or calculation agents cannot process correctly, the platform is worth evaluating.

Bank accounts, brokerage balances, centralized exchanges, money market funds, treasuries, receivables, expenses, and investor capital activity are recorded in the same general ledger alongside on-chain positions under one chart of accounts.

Few blockchain-native funds are purely on-chain and Real World NAV is responsible for the entire financial reporting process.

Traditional fund administrators and calculation agents are built for statement-based financial infrastructure. Their systems assume financial activity arrives as structured records from regulated intermediaries — prime brokers, custodians, exchanges. Blockchain-native investment products operate on protocol-based infrastructure. Smart contracts produce raw event logs that must be decoded and interpreted before they carry accounting meaning. Legacy reporting infrastructure has no architecture for that step. Real World NAV's platform is built around it.

Conflicts are managed through reproducibility, documented policy, and third-party confirmation. These roles are traditionally separated because each party relies on source data the others cannot see, making disagreement between them the principal control. On-chain activity removes that constraint: the source data is public and deterministic. As a result, the reported figures can be independently reproduced from the transaction record.

Valuation follows a documented policy agreed with the manager in advance. Pricing sources are specified by instrument type, and exceptions are escalated for manager approval rather than resolved internally. Off-chain balances remain subject to independent bank, broker, custodian, and auditor confirmation.

The platform operates across three institutional categories: fund administration (NAV reporting, capital account statements, LP reports, GAAP financial statements, audit packages), collateral administration (collateral tracking, coverage monitoring, liquidation recording, collateral schedules), and calculation agent services (independent NAV calculation, cost basis and gain/loss, performance fee calculation, token pricing). All three are built on the same financial reporting infrastructure.

Both EVM and non-EVM networks — Ethereum Mainnet, Base, Arbitrum, Optimism, BNB Chain, Polygon, Solana, XRPL, Stellar, Provenance, Cosmos, and Hyperliquid. Protocol and chain coverage expands as new integrations are built, with additional chains scoped and added as needed. If your strategy operates on a chain not listed here, contact us to discuss scope and timeline.

Yes. Many digital asset investment products operate with a crypto-denominated functional currency — ETH, BTC, or other — while financial statements and tax reporting must be presented in USD. The platform maintains both simultaneously. Activity is recorded in the functional currency of the strategy and translated to the reporting currency using transaction-level pricing data, not period-end approximations. Both views are produced from the same underlying event record and are fully reconcilable to each other.

Every financial record generated by the platform is linked to the underlying blockchain event that produced it. The platform provides protocol-level transaction subledgers, journal entry listings, position records, realized and unrealized gain calculations, and supporting event traces. Auditors can trace any line item to the originating on-chain transaction hash and independently verify it using public blockchain explorers.

Daily, weekly, monthly, or even continuously depending on fund requirements and subscription/redemption mechanics.

During the transition, Real World NAV proves the books before replacing the incumbent administrator. We operate in parallel across multiple NAV dates. Trial balances, investor capital, fees, valuations, and supporting schedules are compared line by line.

Each difference is attributed to timing, classification, methodology, missing data, or error. Cutover occurs only after material differences are resolved or formally documented. During this process, you will receive the periodic comparisons, exception logs, and cutover records.

Yes. Mid-year onboarding requires establishing opening position states and cost basis from prior on-chain activity. We assess the historical record and determine the appropriate approach during the scoping process.

The protocol interpretation engine is continuously expanded as new on-chain financial primitives emerge. When a new protocol is required, its transaction structure and event model are analyzed, the interpretation engine is extended, and the resulting financial classifications are incorporated into the reporting infrastructure. Most integrations can be implemented quickly because the underlying reporting infrastructure is already in place.