Link asset accounts to members of your team. Determine permissions to limit what every member can see and do. Export your workgroups into trading applications and manage your trading floor.
Build teams and create permissions
Create Roles within the organization
Allow external service providers to access transaction record
Managing a portfolio for an investment fund or a family office almost always requires a team to work together with everyone being responsible for a different function. There might be more senior managers that need control over every fund and asset divided up by different investors and clients. Additionally, there could be junior asset managers more involved in the active trading of one specific asset class where their expertise lies, without full access to every fund that is being managed. Investors of the fund, on the other hand, might need to be able to give and revoke certain rights, view the performance of their investments, or individual funds. But they do not need an immediate access point to everyday trading of their assets. Creating such functionality would increase the risk of the funds being compromised as more points of failure are introduced. Finally, there might be external auditors of the investment fund or governmental tax authorities who need to look at a transaction record of a specific fund over a given period of time. These authorities do not need access to the assets, as they only need a transfer history without the ability to authorize new payments or trades. That is why DECUS connects the owners of assets with their managers, traders, and external parties.
Supervising the personal wealth of clients requires a healthy relationship and a good level of trust, since sensitive information and the possession of assets are handed over. It seems evident that while the investment fund should be in close contact with its clients, all the different customer accounts should be kept separate from each other. With DECUS, asset managers can build various teams within their account. Every individual customer and their invested sum of money can be assigned to a new team of asset owners, managers and traders. While for example, traders might be managing funds for multiple teams, the owners of one team could only be permitted to access information about the performance and activity of the portfolio and its assets to which they are entitled to. Traders and fund managers from the investment firm could have limited access and rights inside a certain team, depending on the team owner’s preferences. They could also be given individual wallets containing only a fraction of the whole investment. This way a personalized and completely segregated account can be created by setting up a team for every client. Needless to say, teams can be populated with any number of traders, managers, or multiple owners, following the client’s needs.
Building teams for every client is essential, but assigning roles inside of managed funds might be equally important. Inside of the DECUS asset panel, owners of digital assets can create as many wallets containing partial funds as needed. Asset managers could receive temporary or full-time access to several wallets to supervise, while active traders could receive permission to one assigned wallet with the right to transfer funds to some whitelisted wallets or addresses. Limiting the risk of unwanted transactions in case of a security breach or simply legal restrictions that might be applied on traders in certain asset classes or regions. Additionally, asset managers could have access to numerous wallets in a team and be able to head a division of traders, overview performance, and approve transactions. By clearly separating the responsibilities and permissions within a team, there will be greater transparency and accountability overall. Traders might have full control over their proprietary assets under management but due to whitelisting and time-restricted access, they are unable to act as legal owners. Since the sharing of ownership defining information, being private keys is never required. With DECUS every member of the team receives an individual account tailored to their own needs.
Finally, as the digital asset ecosystem is maturing, legal regulations are increasing apace with it. Making audits of funds a requirement for many accredited wealth managers and family offices. Taxation and the correct accounting of digital assets are highly important topics for funds that are also managing more traditional asset classes. For our clients to be able to share sensitive information with external firms without fearing additional security concerns, DECUS features a function to export selected data. With a view-only token, the firm can decide what transactions, wallets, and account activity to share without creating an additional point of failure. The external firm only receives an access that can be time-restricted to a made selection of addresses or persons. Such access can be revoked immediately if required, making an audit secure and as convenient as possible.