> For the complete documentation index, see [llms.txt](https://docs.kpk.io/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.kpk.io/funds/introduction.md).

# Introduction

KPK Funds are composable onchain funds designed to provide institutional-grade exposure to DeFi yield strategies with non-custodial settlement and onchain accounting.

Funds are deployed on KPK’s onchain fund infrastructure (previously called **Onchain Investment Vehicle (OIV)**).

At launch, Funds will be issued exclusively by KPK’s trading desk as actively managed, tokenised funds. This approach builds on KPK’s track record of managing over $2 billion in onchain treasury assets for DeFi DAOs over the past five years, enabling permissionless access to fund shares designed to optimise risk-adjusted returns.

Key characteristics:

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**Non-custodial**\
Assets are held in smart contracts where no single entity has control, ensuring no party can take custody of the funds.
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**Onchain policies**\
Policy smart contracts define a granular set of pre-approved actions the trading desk can execute on behalf of each fund, aligned to the fund’s investment framework and risk parameters.
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**Onchain accounting**\
A fund's Net Asset Value (NAV) is computed onchain by per-chain NAV Calculator contracts, and shares are priced and settled against it — transparent and verifiable.
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**Composability**\
Fund shares are ERC-20 tokens, enabling integration with other DeFi protocols to increase capital efficiency.
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**Flexibility**\
Funds are built on Safe smart accounts behind Zodiac Roles Modifiers, retaining the ability to handle a wide range of DeFi assets and transaction payloads to support sophisticated strategies.
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**Multichain**\
Funds can access opportunities across multiple EVM networks while maintaining consistent accounting and security controls.
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KPK’s fund infrastructure abstracts DeFi’s operational complexity to bridge the composability and transparency of DeFi with the distribution scale of fintech. We foresee the emergence of a connected, hybrid financial system that is programmable, global, and open by default.

Our mission focuses on improving operational efficiency through automation, reducing costs, and creating a safer, more accessible ecosystem for DeFi-native asset management.


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