The fund manager (Coinstone Capital B.V.) and the fund (Coinstone Decentralised One) are registered with the Netherlands Authority for the Financial Markets (the AFM) in accordance with the so-called AIFMD registration regime. This means that the fund manager benefits from an exception to the license requirement and ongoing requirements under the Alternative Investment Fund Managers Directive (AIFMD). The fund manager and the fund are not subject to supervision by the AFM. For the avoidance of doubt: the fund manager does not provide investment advice in respect of the fund.
Decentralisation is the automation of the trust infrastructure of organizations or business processes by decentralised blockchain-based software. Its decentralised nature insures that the software cannot be cost-effectively manipulated.
The result is that the cost of cooperation - costs related to creating trust and coordination between transacting parties - goes down dramatically.