Growth Yield Token - Whitelisted (GYTW)
Overview¶
Regulation S digital security RWA token issued under the laws of the Republic of Marshall Islands.
Under the United States Securities Exchange Commission taxonomy of digital assets. The Growth Yield Token - Whitelisted is a third party-sponsored tokenized security that provides a synthetic economic exposure that tracks the value of the underlying asset.
Under the taxonomy of the rwa.xyz, the Growth Yield Token is structured as a represented asset (Permissioned) which is not designed to allow for investors to have permissionless P2P transferability and external mobility on DeFi lending pools and other protocols.
The token corresponds one-to-one with shares of the underlying asset, therefore the value of this token should be identical to the value of the underlying asset, although like the underlying asset, a market price may not be instantly available.
The product is financed in fiat from a legal person and a PI or Accredited investors based on respective jurisdictions (for example a natural person or corporation). Currently only available to users located in supported jurisdictions. More can be found in the user rights section.
Growth Yield Token Whitelist (GYTw) is a fund‑of‑hedge‑funds (RWA) product. The fund issuer has partnered up with AXC labs to issue a tokenised fund product. The Fund of Hedge fund is an OFC fund, domiciled in Hong Kong. Its investment strategy allocates capital to top‑performing global hedge funds, including firms such as TCI, Citadel, Point72, Brevan Howard, and others. The underlying fund manager Grow Investment Group has over 20 years of industry experience and has established strategic shareholder relationships with entities like Julius Baer and Lighthouse.
The fund issuer has partnered up with AXC labs to unlock on-chain liquidity and on-chain composability. The fund of hedge funds is an OFC fund, domiciled in Hong Kong. Its investment strategy allocates capital to top-performing global hedge funds, including firms such as TCI, Citadel, Point72, Brevan Howard, and others.
The underlying fund manager GROW Investment Group has over 20 years of industry experience and has established strategic shareholder relationships with entities like Julius Baer and Lighthouse. The fund manager William Ma CFA CAIA: First Generational Fund of Hedge Fund Managers in Asia, Global board member at CAIA, Founder and CIO of GROW Investment Group (Backed Julius Baer & Lighthouse), Ex-CIO Noah Holdings (NYSE: Noah) 90B AUM China largest private wealth manager.
Key Facts¶
| Underlying Assets | Fund: GROW Heritage Fund (FoF) Entity: GROW Asset Management (HK) Limited |
|---|---|
| Estimated APY | 14% |
| Blockchain | BSC, Ethereum, Plume |
| Yield Type | Accumulating Token |
| Custodian | GoFintech Trust Limited (00290.HK); HK SFC Type 1,4,6 and 9 Licenses HK TCSP licensed (TC 007765) |
| Fund Admin | WE services Limited |
| Fund Auditor | Advanced CPA Limited |
| NAV | Official : Monthly Estimate: Real Time |
| Deposit | Minimum $10 |
| Transfer | Permissionless transferability |
| Exit | 1. Instant withdrawal: GYT <> USDC/USDT 2. Quarterly withdrawal: GYT <> USDC/USDT |
| Base Currency | USDC/USDT |
| Other Fees | 1. Management Fee 2. Instant or Quarterly Withdrawal Fee 3. Performance Fee |
Historic Returns¶
According to historical performance from 2019 to 2025, the fund of funds recorded an annualized compound return of 17.86%, with an annualized volatility of 14.88%, a maximum drawdown of -11.47% (-1.73% per year), and a Sharpe ratio of 1.91 (using SOFR as the risk-free rate). These figures outperform the annual return of the S&P 500 Index.
| Grow Heritage Fund | S&P 500 Benchmark | |
|---|---|---|
| Compound Annual Return | 17.26% | 16.60% |
| Maximum Drawdown (6 years) | -5.93% | -34.00% |
| Sharpe Ratio | 1.97 | 0.75 |
Portfolio¶
Exposure¶
GROW Heritage Fund adopts a Fund of Hedge Funds (FoHF) approach, investing in a curated selection of top-tier, low-correlation hedge funds worldwide. The objective is to capture scarce investment opportunities while optimizing risk through diversified strategy allocation.
-Equity Long/Short Strategies: Maintains both long and short equity positions to generate returns from both sides of the market while mitigating downside risk.
-Multi-Strategy Approach: Combines equity, macro, and arbitrage sub-strategies within a single fund, dynamically adjusting weights to adapt to market conditions.
Relative Value Strategies: Exploits pricing inefficiencies between related assets, such as fixed-income arbitrage and volatility arbitrage.
-Global Macro Strategies: Utilizes a top-down, research-driven approach to identify macroeconomic opportunities, allocating across FX, equities, bonds, futures, and options, with flexible positioning to capture opportunities across asset classes.
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Timelines for deposit¶
GYT’s underlying fund product deposit window opens once a month
Deposit period opens: Jan 1st - January subscription period begins. Users submit purchase requests (e.g., subscribe for $10k, initial default $1k = 10 shares).
Payment Completion: Must be completed by Jan 15th.
Timelines for withdrawal¶
GYT’s underlying fund product standard exit requests are processed only on Jan 1st, Apr 1st, Jul 1st, Oct 1st each year.
AXC Prepares withdrawal Request: Apr window needs 60 business days notice (Jan 6th). AXC can initiate early, then adjust/cancel closer to April based on user request.
User Submits withdrawal Request: Jan purchasers can request redemption as early as Feb 1st, latest Mar 28th, to meet Apr 1st window.
Await Quarterly Processing Window: Regardless of submission time, processing starts in April (1st of the quarter).
Withdrawal settlements: Funds will be distributed upon completion of redemption process from the underlying fund. Please refer to the documentation of the underlying fund for details.