Tokenizing European Long-Term Investment Funds (ELTIF 2.0) on a Public Blockchain Currently I'm working on a practical framework for tokenizing European Long Term Investment Fund (ELTIF) instruments on a smart contract-enabled public blockchain like Ethereum. While there have been some ELTIF tokenization initiatives by some funds in the EU - they all used non-public (e.g. in-house) distributed ledger technology (DLT) solutions, with scarce public information on the implementation details. The idea of fully on-chain ELTIF is attractive for several reasons: ➖ It taps into trillions of USD of readily available on-chain liquidity ➖ It reduces processing, compliance, distribution and infrastructure costs ➖It's fully compliant with the existing EU legislation In terms of DeFi, bridging the real world financial system on-chain enables investment vehicles, which are fully compliant with the legal systems in the EU, and by extension most jurisdictions. This increases the value of the whole DeFi ecosystem, by making it more attractive for institutional and retail investment. To date, there isn't a clear and practical framework for operating an ELTIF fund on a public, permissionless DLT. Such a framework must encapsulate not only the legal aspects (those already exist - the relevant regulations themselves!), but also the technical details of operating the ELTIF fund via smart contracts, while remaining fully compliant with the EU legislation. This is the gap that I’m aiming to address. I’ll be focusing on real-estate based ELTIFs - where the fund pools money from investors, invests it into real estate and collects yield from rents and appreciation, as it goes inline with my current area of work.