Launching Q4 2026  ·  Accredited Investors Only
The Portfolio Primitive

Programmable
Portfolios.
Owned On-Chain.

Uniswap created the liquidity primitive. Ethereum created programmable money. KAURI creates the portfolio primitive — bespoke, non-custodial, transferable in one transaction.

$19.2BRWA Market 2025
46/50Sophistication Score
ERC-6551Token-Bound Accounts
KAURI Nested NFT Architecture
⬡  Master Portfolio NFT  (ERC-6551 TBA)
CORE-NFT · 60–80%
Stable yield · RWAs · Bonds
SATELLITE-NFT · 20–40%
DeFi Alpha · Staking
BlackRock BUIDL
4–5% p.a. · T+0 settlement
Ondo OUSG / USDY
4–6% p.a. · daily liquid
Maple syrupUSD
8–12% p.a. · private credit
Enzyme Blue Vaults
10–25% p.a. · DeFi alpha
Built on
BlackRock BUIDLEnzyme Finance OnyxOndo Finance OUSGAvantgarde FinanceMaple Finance syrupUSDAave v3ERC-6551 StandardEthereum MainnetPolygon L2Fireblocks MPCChainlink OraclesFranklin Templeton FOBXXBitGo CustodyNsure Insurance BlackRock BUIDLEnzyme Finance OnyxOndo Finance OUSGAvantgarde FinanceMaple Finance syrupUSDAave v3ERC-6551 StandardEthereum MainnetPolygon L2Fireblocks MPCChainlink OraclesFranklin Templeton FOBXXBitGo CustodyNsure Insurance
Strategic Position

"The upper-right quadrant of the wealth management matrix is empty. That is KAURI's market."

Every existing wealth instrument forces a trade-off: either sophisticated but custodial (TradFi), or self-custodied but primitive (crypto). No instrument today is both sophisticated and self-sovereign. That structural gap is KAURI's entire reason to exist.

Uniswap created the liquidity primitive.
Ethereum created programmable money.
KAURI creates the portfolio primitive — bespoke portfolios that exist as programmable financial objects on-chain, owned directly by investors, transferable in one transaction.

Self-Custodied
Custodial
Simple
Structured
Crypto
Exchanges
simple · custodial
TradFi / Family
Office
structured · custodial
GS DAP /
Inst. Crypto
semi-structured
Previously
empty
KAURI
structured · self-custodied
The Paradigm Shift · Messari Research

"Decentralised asset management's share of global wealth is 161× smaller than traditional finance's. The failure of custodial CeFi — Celsius, FTX, Voyager — makes one thing clear: non-custodial solutions are not a niche. They are the only path forward."

KAURI delivers what both worlds have failed to provide simultaneously: institutional-grade portfolio sophistication with direct on-chain ownership and immutable transparent provenance.

Messari: Enzyme On-Chain Asset Management · KAURI Finance Position Paper, March 2026
Four Evolution Steps

Beyond TradFi.
Beyond Crypto.

KAURI addresses every structural failure of both the $140 trillion traditional asset management industry and the $3 trillion crypto universe — simultaneously, in one instrument.

01
🔑
Self-Invested

The Master Portfolio NFT is the portfolio — not a claim against a custodian. NFT holder directly controls all assets. No FTX scenario structurally possible. Transfer the entire portfolio in one blockchain transaction.

02
Self-Directed

Smart contracts execute auto-rebalancing 24/7 on configurable drift thresholds. Yield compounds autonomously. All fees settle on-chain. No daily portfolio manager intervention required.

03
💧
Self-Collateralized

Individual Satellite-NFTs pledged as DeFi collateral (NFTfi, Aave, Morpho) while Core earns uninterrupted yield. Granular position-level liquidity without liquidating the entire portfolio.

04
🔍
Self-Sovereign

Every allocation, every return, every transaction permanently on-chain. Immutable provenance from day one. MiCAR-compliant by design. Regulators verify directly on-chain — no quarterly PDFs.

Portfolio Architecture

The Nested NFT
Hierarchy

ERC-6551 Token-Bound Accounts enable recursive ownership. A Master Portfolio NFT controls Core and Satellite sub-NFTs, each with their own programmable on-chain wallets.

Master Portfolio NFTLayer 0
ERC-721 + ERC-6551 TBA · Full portfolio transfer in 1 TX
Core-NFT · 60–80%Layer 1a
Stable yield · Institutional RWAs · Smart contract rebalancing
Bonds-TBABUIDL · FOBXX
RWA-TBAOUSG · USDY
Credit-TBAMaple syrupUSD
Stable-TBAAave v3 aUSDC
Satellite-NFT(s) · 20–40%Layer 1b
Alpha strategies · Independently collateralizable
Alpha-TBAEnzyme Blue
Staking-TBAEigenLayer · Lido
Collateral-TBANFTfi · Morpho
Crypto-TBABTC · ETH
Protocol Properties
Non-custodial · MiCAR/MiFID II · 24/7 Chainlink-triggered rebalancing · Fireblocks MPC · Bahamas SPV
🏛
Institutional-Grade Infrastructure

Enzyme Onyx is the only MiCAR/MiFID II-compliant vault infrastructure for tokenized fund management. KAURI runs on its production stack, used by institutional managers across Europe.

⚙️
Programmable at Every Layer

Smart contract-enforced policies govern allocation bounds, rebalancing triggers, fee structures, and access control at each TBA level. Configure once — the protocol executes perpetually.

🔐
Non-Custodial by Design

KAURI Finance never holds client assets. The investor's wallet controls the Master-Portfolio-NFT. No KAURI multisig can move principal. Re-hypothecation is technically impossible.

📜
Immutable On-Chain Provenance

Every transaction permanently on Ethereum Mainnet. Full history from day one. MiCAR audit-ready: regulators verify directly on-chain. No quarterly PDF reports — the smart contract is the truth.

Core Portfolio

Institutional
Real-World Assets

KAURI's Core is built exclusively from regulated, institutionally audited RWA instruments — all ERC-20 tokens on Ethereum, embedded into KAURI Token-Bound Accounts.

BlackRock / Securitize
BUIDL Fund

Tokenized US Treasury money market fund. T+0 on-chain settlement. $2.5B AUM. The gold standard of institutional tokenized RWAs.

Ondo Finance
OUSG / USDY

Tokenized investment-grade US Treasury bonds and yield-bearing stablecoin. Daily liquidity. MiCAR Article 17 compliant.

Franklin Templeton
FOBXX

SEC-registered, Polygon-native tokenized US government money market fund. T+1 settlement. MiCAR Article 17 compliant.

Maple Finance
syrupUSD

Overcollateralized tokenized private credit. Institutional borrowers. ERC-4626 vault standard. Enhanced yield with disciplined risk management.

Enzyme Finance / Avantgarde
Blue Vaults

Active DeFi alpha strategies curated by Avantgarde Finance. Aave, Balancer, Morpho. Institutional rigor on-chain since 2016.

Yield figures based on Q1 2026 market rates. Not guaranteed. Past performance does not indicate future results. Capital at risk.

Sophistication Matrix

KAURI Scores 46 / 50

Every major wealth management instrument rated across structural dimensions. KAURI leads on ownership, automation, liquidity, and transparency.

DimensionCrypto ExchangeManaged AccountFamily OfficeGS DAP / InstitutionalKAURI NFT ★
Direct Ownership CustodialDepot (partial)Direct + structures Custodial NFT = ownership
Bespoke Portfolio Standard Individual Max bespoke Products only Fully bespoke
24/7 AutomationTrading only Human PM ManualPartial Smart contract 24/7
Granular LiquidityAll or nothingLombard (slow)MixedLimited Satellite DeFi collateral
On-Chain ProvenanceTX history only Quarterly PDF InternalPartial Full immutable chain
Portfolio Transfer ImpossibleWeeks, notaryMonths No 1 blockchain TX
Regulatory ClarityBasic MiCAR MiFID II CustomEvolving MiCAR + Bahamas SPV
Total Score21/5033/5033/5027/5046/50
PEARL Token

The Economic Engine

PEARL is the native utility and governance token of the KAURI ecosystem. Non-inflationary, with three distinct burn mechanisms. Staking yield distributed in USDC.

1 Billion
Total PEARL Supply · Fixed · Non-inflationary · ERC-20
Ecosystem & Rewards
30%
Team & Founders
15%
Strategic Investors
12%
Public Token Sale
10%
Curators & Constructors
10%
Liquidity Provision
8%
Partnerships & BD
6%
Protocol Treasury
5%
Reserve
4%

PEARL is not a speculative asset. Every utility function requires active platform participation. Staking yield is paid in USDC — eliminating circular tokenomics.

💎
Fee Reduction

Five staking tiers (0–40% discount). Diamond tier at 500K+ PEARL staked. Applies to management, performance, and deposit fees.

🗳
DAO Governance

Vote on vault whitelisting, fee parameters, treasury deployment. 1 PEARL = 1 vote. Full on-chain governance via OpenZeppelin Governor from Q1 2027.

📈
Staking Yield in USDC

Protocol revenue distributed weekly in USDC — not PEARL. Eliminates circular tokenomics. 30-day minimum lock, 7-day unstaking cooldown.

🔮
Magic PEARLs

Burn 10,000 PEARL to mint vault-access tokens. Soulbound. Direct AUM growth = direct PEARL burn — the deflationary flywheel.

TGE Q4 2026. PEARL is a utility token — not a security under MiCAR or GENIUS Act analysis.

3-Step Onboarding

From Fiat to
On-Chain Portfolio

KAURI abstracts all blockchain complexity. Investors interact with a clean interface while ERC-6551 architecture executes underneath.

01
Verify & Configure

Complete KYC/AML via Nsure. Select Core/Satellite allocation, risk profile, and currency preference. Parameters written to the factory contract. TBA addresses computed via CREATE2 before deployment.

~25 minutes
02
Fund & Mint

Deposit via Bity.ch fiat on-ramp or direct crypto transfer. Master Portfolio NFT minted on Ethereum Mainnet. Core and Satellite sub-NFTs deployed. Enzyme vault positions initiated. Everything live on-chain.

~30 minutes
03
Live Portfolio

Monitor real-time NAV, yield, and allocation in the KAURI app. Smart contracts rebalance automatically. Staking rewards compound. Fees settle on-chain. Immutable provenance from day one.

Ongoing · 24/7
Regulatory Framework

Compliance-Ready
by Architecture

MiCAR, MiFID II, AIFMD, and the GENIUS Act are built into KAURI's protocol — not retrofitted.

🇪🇺
MiCAR

Enzyme Onyx MiCAR-compliant. PEARL reviewed under MiCAR Article 17. In force December 2024.

🇪🇺
MiFID II / AIFMD

Avantgarde Finance licensed under AIFMD. Enzyme Onyx MiFID II-ready. Full investor protection framework.

🇧🇸
Bahamas SPV

FSC/SCB-licensed Bahamas SPV. Avantgarde Finance as licensed investment manager for institutional clients.

🇺🇸
GENIUS Act

Tokenized asset framework enacted July 2025. Regulatory clarity for PEARL token and RWA integration in US market.

Smart Contract Security
2× Independent Audits
Certik + Trail of Bits · Immunefi Bug Bounty · Nsure DeFi Insurance
Custody
Fireblocks MPC + Safe
BitGo Qualified Custody · 4-of-7 multisig · Hardware Wallet support
Minimum Portfolio
EUR 25,000 (Pilot)
EUR 1M+ (Institutional) · Accredited investors only · KYC/AML required
Pilot Target
EUR 20M Year 1
3 Genesis portfolios · 3 anchor investors · Q4 2026 launch
Investment Enquiries · Accredited Investors Only

Build the Future
of Wealth With Us

KAURI is seeking 3 anchor investors for its Q4 2026 Genesis launch — EUR 1M+ each. Seed round open: EUR 500,000 · 15–20% equity · 18-month runway.

Founder & Principal
Peter Franz Stummer
Phone
+43 699 100 28 608
Legal Entity
APIS Finance GmbH · FN 226007p
Location
Schloss Neuberg 1/17 · 8692 Austria
RISK DISCLOSURE: This website is for informational purposes only. It does not constitute investment advice, a prospectus, or a solicitation. KAURI instruments, PEARL tokens, and digital assets are highly speculative and carry substantial risk of partial or total loss. Yield figures are Q1 2026 estimates — not guaranteed. Addressed exclusively to accredited and professional investors (MiFID II, AIFMG, Regulation D). APIS Finance Devisenschuldenmanagement GmbH · FN 226007p · Handelsgericht Wien · Austria. Capital at risk.