Launch a fund

Outcome: Issuer prepares, approves, and publishes a fund so eligible Investors can discover it.

Owner and application

• Actor: Issuer
• Application: Issuer workspace
• Supporting owners: Fund preparation, document, compliance, and tokenization services
• Conditions: Fund terms, disclosures, required documents, readiness checks, and publication approval are complete.

Normal path

1. Issuer creates and configures the fund.
2. Issuer supplies terms, investor-facing content, disclosures, and required documents.
3. The approval process reviews legal, identity, eligibility, wallet, and readiness conditions.
4. Issuer publishes the approved fund.
5. The public investment site presents the fund to eligible Investors.

Failure, cancellation, and recovery

• Missing terms, documents, or approval keeps the fund out of publication and returns work to Issuer.
• A provider or provisioning failure becomes an Administrator-visible exception with the owning service as recovery owner.
• If Issuer stops preparation before publication, the existing fund process records the applicable cancellation or withdrawn outcome; no additional state is created.
• Recovery resumes the existing readiness work or reconciles the side effect. Retry behavior comes from the owning contract.

Handoff and evidence

Handoff	Receiving owner	Completion evidence
Preparation to approval	Issuer approval process	Terms, disclosures, required documents, and readiness result
Approval to publication	Issuer	Approval decision and publication result
Publication to Investor experience	Public fund and release services	Published fund record and public availability result
Failure to recovery	Administrator and owning service	Exception state, audit record, and assigned recovery owner

See the established fund manager operations capability and creating and approving workflow.