Read This If You Want to Know What Building a Tokenized Fund on Base Looks Like
A weekly briefing on mega-cap tech, tokenized assets, and the future of institutional investing.
Good morning all.
This week, we got our hands dirty.
Not in spreadsheets or market models — but with nuts, bolts, and stainless steel washers.
Here’s the story.
🧰 The DIY Phase
When you’re building something ambitious from scratch — especially in Web3 — it’s easy to think it starts with code, funding, or some kind of big public launch.
But real infrastructure starts quietly. With the little things.
This week we:
Configured a Trezor Model T cold wallet (first layer of fund security)
Set up a fresh MetaMask wallet for Base chain deployment
Applied for a fund admin account on Fume Finance — a fully onchain tokenized fund admin that supports both fiat and blockchain-native subscriptions
Bought our first small amount of USDC to begin testing onchain flows
Ordered stainless steel washers, nuts, and bolts to physically secure the cold wallet seed phrase
And we’re currently waiting for a metal stamping kit to permanently etch the recovery phrase onto steel
Why all this?
Because before you can run an institutional-grade fund, you need a foundation built on trustless rails — even if it looks like a garage project at first.
🔐 This Is Security at Zero AUM
It’s important to say: this isn’t the end state.
This “Phase 1” setup is intentional — low cost, secure, and hands-on — designed for the fund’s early days when it’s bootstrapped and nimble.
But as we scale, the cold storage architecture will evolve.
We plan to implement a Safe multisig vault with a 3-of-5 hardware key setup, distribute hardware keys across multiple locations, and integrate institutional custody partners as AUM milestones are reached.
We’re also exploring optional MPC solutions for governance and co-signing, along with a fully auditable transaction history via Fume’s real-time reporting suite.
Security scales with size. But credibility starts on day one.
🛰️ This Is What Onchain Asset Management Looks Like
We want North Tech Capital to be one of the first tokenized equity hedge funds live on Base.
And we want to build it in public — showing exactly how we get there, step by step.
No hype. No hidden mechanics. Just real tech stocks (tokenized 1:1), a clear strategy (Global Tech 15), and a smarter structure for today’s inflationary world
📌 What’s Next?
Once Fume approves the admin account, we’ll begin deploying the fund on Base, testing onchain inflows from both fiat and crypto, and publishing real-time transparency reports directly from the vault
This is the journey. And you’re early.
🛰️ Signal of the Week
A focused insight into a key development shaping mega-cap tech, Web3, and tokenized assets — and what it means for your portfolio.
Bank of England Flags Tokenization as a Systemic Shift — Not Just a Trend
The Bank of England has formally recognized tokenization and stablecoins as structurally important developments within the financial system — not fringe concepts.
In its latest report, the BoE explicitly identifies tokenized deposits and digital settlement assets as innovations that could “reshape core parts of market infrastructure.”
For investors in Web3 finance or tokenized securities, this marks a turning point.
This is not about crypto speculation.
It’s about how assets will be issued, traded, and settled in the next evolution of capital markets.
When a G7 central bank starts drawing attention to programmable money, settlement finality, and the role of tokenized commercial bank money — it’s a signal that institutional adoption is moving from theory to implementation.
What NorthTech Capital Is Watching
At NorthTech Capital, we see this as further validation of our focus on tokenized real-world assets and programmable financial instruments.
The BoE’s language mirrors trends we’re already positioned for — namely, the migration of traditional asset issuance onto blockchain rails.
We’re tracking which jurisdictions and platforms move fastest to align with the BoE’s thinking — and where new opportunities may emerge for early capital.
📊 Portfolio Pulse
A weekly snapshot of how our portfolio NTC Global Tech 15 is performing vs. the broader market.
NTC Global Tech 15: 1.92%
S&P 500: 0.53%
📉 Here’s last week’s performance chart vs. the S&P 500:
📉 And from inception (August 2024) to date vs. the S&P 500:
Since the tariff-induced lows, NTC Global Tech 15 has surged ahead — outperforming the S&P 500 by 26.52% since inception.
It wasn’t a smooth ride.
The early second quarter was punishing, as markets reacted harshly to the Trump administration’s escalating trade rhetoric.
But holding through the turbulence has paid off.
We continue to believe the tech trade has structural tailwinds heading into 2025 — driven by the acceleration of enterprise AI adoption, stabilizing interest rate policy, and robust cash flow fundamentals across our mega-cap positions.
Big tech’s capital discipline, growing operating leverage, and exposure to secular demand trends (like cloud, semiconductors, and AI infrastructure) remain underappreciated by the broader market.
We’re staying the course.
🚀 Inside Access to North Tech Capital
Here’s how to go deeper:
Track the Portfolio: Follow the Global Tech 15 in real-time on SavvyTrader.
Join the Investor List: HNW/sophisticated investors (non-US) get priority access, and preferential fee structure reserved for early backers.
Book a Call: Let’s align your allocation strategy, one-on-one.
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To your success,
The North Tech Capital Team