🚢Port: On-Chain Vault Infrastructure for RWA Tokenization

Introduction

Port is an innovative on-chain vault infrastructure developed by Ozean that enables the creation of highly liquid, permissionless, and diversified yield-bearing assets. These assets are backed by top Real World Asset (RWA) tokens available on the Ozean platform. Typically, individual RWAs on-chain are illiquid and subject to extended lockup periods, ranging from several months to a year. Port addresses these limitations by pooling individual assets alongside T-bills and other liquid yield-bearing assets. This approach ensures that users have access to the liquidity and diversification required to meet their investment needs.

Ozean has established a strategic partnership with Hex Trust, a licensed digital asset manager and custodian with over $5 billion in assets under custody (AUC). Hex Trust provides execution services on behalf of Ozean, ensuring secure and compliant management of assets within the vault. The composition of the vault and its constituent assets will be determined through governance, using the $OZ token.

Current Problems with RWA

1. Restricted Access: Accredited investors only

2. Illiquid: Long-duration commitments limit investor flexibility

3. Concentrated Risk: Overexposure to single sectors or protocols

4. Lack of Transparency: Many vault products operate opaquely without clear third party risk assessments

5. Centralized Decision-Making: Asset selection often lacks decentralization and governance

6. Difficult Risk Assessment: Limited tools to evaluate constituent asset risks

Port Features

• Permissionless Access: Open to all users, not just accredited investors

• Liquidity: ETF-like structure with partial allocation in cash/treasuries for shorter redemption windows

• Diversification: Exposure to private credit, bonds, real estate, tokenized yield strategies, and more

• Transparency: Asset management arm of Hex Trust operates a SPV; risk ratings provided by trusted third-party assessors (Synnax, Cred Protocol, Credora, Cicada)

• Governance-Driven: Asset constituents determined by $OZ token governance

• Advanced Risk Assessment: Real-time risk monitoring and ratings for all yield-bearing assets

Strategic Partnerships

Joining Port as a constituent yield-bearing asset partner offers significant advantages for issuers and protocols:

1. Increased Capital Activity

• Gain access to a wide pool of liquidity from retail and institutional investors participating in the vault

• Drive growth and adoption of your protocol or asset by being part of a diversified, permissionless, and governance-driven vault product

2. Enhanced Liquidity for Your Assets

• Port creates a liquid ETF-like product that provides easier access to your yield-bearing assets, increasing trading activity and engagement

• By being part of a permissionless vault, your asset becomes more accessible to a broader audience, driving liquidity and market depth

3. Exposure to a Larger Investor Base

• Inclusion in Port introduces your asset or protocol to a diverse set of investors seeking yield opportunities in tokenized real-world assets (RWAs) and crypto-native strategies

• Retail investors gain permissionless access to your assets, enabling greater adoption and visibility

4. Credibility Through Risk Monitoring and Governance

• Assets in the vault are rated and monitored in real-time by industry-leading risk assessment tools (e.g., Synnax, Cred Protocol, Credora, Cicada). This enhances trust and credibility in your asset

• Inclusion in a governance-driven and community-decided vault ensures alignment with a decentralized ecosystem and boosts confidence among investors

5. Participation in the Ozean Ecosystem

• Port is a native product of the Ozean ecosystem, which brings additional synergies:

  • Increased exposure and yield-generating opportunities for your protocol through integration with Ozean’s broader DeFi infrastructure

  • Potential for future collaborations and deeper partnerships with other ecosystem participants

6. Diversified Use Case for Your Asset

• By being a part of a multi-asset, diversified vault, your asset benefits from exposure to investors seeking balanced portfolios, improving its utility and positioning in the market

• Thematic expansions in Phase 2 (e.g., private credit, T-bills, real estate) create additional opportunities for your asset to be featured in specialized portfolios

7. Alignment with Institutional-Grade Infrastructure

• Hex Trust’s SPV management and licensed custodian services provide institutional-grade oversight for the vault, bolstering the perception of your asset as part of a regulated and secure financial product

Join Port’s List of Assets

If you are interested in becoming a constituent asset in Port and gaining access to the liquidity, exposure, and governance-driven benefits offered by the vault, please reach out to [e-mail].