Operate and return capital

Torque connects valuations, investor servicing, distributions, redemptions, and operational records after investment. Issuer owns fund-level operations. Administrator oversees all funds and issuers and handles platform-wide administration and exceptions.

This stage starts from the confirmed holdings produced by investment execution. The product terms and configured services govern each ongoing action.

Run the product and serve investors

• Multiple-fund oversight: Review funds through a common operating dashboard, including assets under management (AUM) and investor counts where configured.
• Investor portfolios: Present holdings, investment details, documents, transactions, timelines, and notifications within the investor's profile scope.
• Investor self-service: Let investors inspect records, perform supported claim actions, and request permitted redemption.
• NAV records: Record the fund administrator's approved net asset value (NAV), the applicable period, and the required approval evidence.
• Share price history: Maintain recorded prices and historical views, with exports for reconciliation against the administrator's reports.
• Ongoing servicing: Update investor documents and communications, maintain eligibility records, and coordinate required re-verification.
• Operating inventory: Review holdings, share capacity, ledger records, custody results, wallet activity, and investor operations.

The fund administrator calculates NAV. Torque records the approved figure and supports the related reporting and review. A recorded NAV does not automatically become an investment-specific fulfillment price when the custody workflow requires a separate price.

See Value and operate a fund, Portfolio and servicing, and the Tahoe operating cycle.

Distribute income and capital

• Distribution calculation: Calculate proportional investor entitlements from confirmed holdings and the approved distribution inputs.
• Payout review: Prepare the distribution and investor-level payment records for authorized review and approval.
• Configured payout methods: Support payouts in USD, USDC, or additional asset tokens through the available services.
• Periodic income: Execute approved distribution events for income such as interest or rental proceeds.
• Continuous distributions: Use configured contracts to distribute additional tokens as yield arrives.
• Accumulation: Retain and reinvest yield under the configured economic model, with the corresponding value or exchange-rate records.
• Capital repayments: Distribute principal following events such as loan maturity or an asset sale.
• Payout evidence: Retain payment results and transaction references, notify investors, and update their views after confirmation.
• Partial-failure recovery: Identify failed payout items, continue other permitted items, and assign the unresolved work to its recovery owner.

Periodic payouts, continuous distributions, and accumulation use different contract and service configurations. They describe how the product handles actual income and capital. They do not guarantee positive returns.

See the distribution workflow and distribution service.

Process redemptions and money movements

• Redemption requests: Accept requests for eligible existing holdings through the investor experience.
• Review and pricing: Coordinate the exact share quantity, applicable price, liquidity check, and authorized approval.
• Fulfillment: Coordinate the required fund-wallet owner signing and record the fulfillment result.
• Confirmed proceeds: Track any required investor claim through to confirmed proceeds receipt.
• Subsequent withdrawal: Support a separate wallet withdrawal after the proceeds reach the investor's wallet.
• Wallet services: Support deposits, withdrawals, permitted token transfers, and reconciliation through configured services.

Redemption returns proceeds for an existing holding. Claimable proceeds are not confirmed receipt, and a withdrawal is a separate operation. The fund terms and manager decisions govern redemption limits, gates, and any allocation of limited liquidity. The platform does not promise immediate liquidity.

See Redeem a holding, Wallet and transfers, and the Hybrid Wallet.

Maintain records and resolve exceptions

• Reconciliation: Compare valuation inputs, holdings, share records, custody results, wallet activity, and payment outcomes.
• Audit records: Preserve the operational history, decisions, approvals, and confirmation evidence.
• Reporting and exports: Produce operational records and investor exports. Tahoe describes CSV exports of NAV history and audit logs.
• Tax-document support: Retain structured transaction and distribution records that support preparation of the applicable documents.
• Exception handling: Keep incomplete or failed actions identifiable, with a responsible owner and permitted next action.
• Platform administration: Give authorized administrators access to all-fund and all-issuer oversight, user permissions, settings, and cross-platform exceptions.

Tax-document support does not replace tax advice or filing services. Recovery reconciles existing records and provider results before a permitted retry. See Fund operations and Cancellation and recovery.

Practical value and configurable extensions

Connected valuation, ownership, and payment records give investors continued visibility after subscription. Operating teams can trace distributions and redemptions through to the confirmed result and identify the owner of incomplete work.

See DLT benefits after investment for the value of shared asset records, programmable distributions, controlled transfers, and collateral use.

Approved integrations support existing banking, custody, document, notification, and reporting services. Optional asset exchange and eligible-token collateral uses require their own supported providers, legal rights, product terms, and deployment arrangements. See Integration options and Use cases.

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