Asset management · Tokenized fixed income · Hong Kong / Dubai · Founded 2014
Risk-off by construction: duration and cash-like first, gold beta only when real rates compress.
Mandala Digital Partners is a Hong Kong and Dubai-based manager founded in 2014, focused on tokenized cash, short duration and selective beta. The firm treats on-chain funds as a distribution rail for conventional fixed-income process rather than a product category of their own. On Orbit, Portfolio Manager Kenji Mori runs the USD cash-like, tokenized T-bill and tokenized gold vaults. Reported AUM is US$880 million.
Profile compiled by Orbit from information supplied by the firm; figures are for demonstration, licence and custody wording is illustrative.
Each strategy maps to one vault; deposits are made into a specific vault.
Short-duration tokenized T-bills and deposit-like instruments. NAV noise is small, not zero.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
On-chain representation of short US duration. Operational and smart-contract risk remain.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Paused while real-rate regime is re-estimated. Draft signals remain visible.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Allocated gold held through a tokenized wrapper with monthly vault attestations. Beta to gold, plus wrapper risk.
Trading involves risk. Past performance is not indicative of future results. Vault NAV can rise or fall.
Cash-like can lose small amounts on NAV noise, operational delay and smart-contract risk. It is not a bank deposit and not a guaranteed APR.
The tokenised gold sleeve owns allocated bars through a wrapper that publishes a monthly vault attestation. The wrapper gives you daily liquidity, fractional size and an on-chain record. It does not give you the bar; it gives you a claim on a custodian who has the bar.