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Closing a Successful Fund ​

Goal: To guide an administrator through verifying that a Fund is fully funded and compliant, and then formally closing it to trigger the release of funds and distribution of tokens.

Actors: Platform Administrator

Steps ​

  1. Automated Legal Closing: When the Fund becomes 100% subscribed, the system automatically transitions its status from published to legal_closed. At this point, the fund immediately stops accepting new investments.

  2. Final Verification: With the fund now legal_closed, a Platform Administrator uses the Administration Panel to perform final checks. They confirm with the Regulatory Compliance Engine that all investors are compliant and verify with the Investment Process Management service that each escrow-funded investment has funding status received, meaning its funds are in escrow and have not yet been released. Wallet API investments follow their own transfer path and can already have funding status settled after wallet transfer completion.

  3. Closing & Fund Release: With all conditions met, the Administrator executes the "Close Successfully" action. This instructs the Investment Process Management service to:

    • Change the Fund status to closed_successfully.

    • Cascade this status down to all associated Investments.

    • Trigger the release of all funds from smart escrow (covered by smart contract) to the issuer's account. For the escrow rail, the payment lifecycle records settled only after that post-close release is confirmed.

  4. Token Distribution: The successful closing of the Fund signals the Distribution & Payout Service. It orchestrates a mass distribution by calling the evm-api to transfer the correct number of tokens from the treasury wallet to each investor's Crypto Wallet.

  5. Outcome: The fund is closed_successfully, escrow-released funds are with the issuer, and investors have received their tokens. The Fund now enters its "Servicing" period, where the Distribution & Payout Service will manage ongoing investor reporting and the distribution of any returns.