Sebear — Compliance-Gated Tokenization for Real-World Asset Funds
Sebear is a protocol for tokenized real-world-asset (RWA) funds. Investors crowdfund into a phase-based vault, the capital acquires and holds an underlying property for a vesting period, and investors later redeem their shares for the proceeds — with identity and jurisdiction rules enforced on-chain at every transfer.
Status: deployed and exercised end-to-end on the Ethereum Sepolia testnet. Not yet on mainnet.
What is deployed today
- ERC-3643 share token — every transfer is checked against the identity registry and the compliance modules. Supports wallet freeze and partial token freeze.
- ERC-7540 async vault — request/fulfil deposits and redemptions with ERC-4626 accounting, across a three-phase lifecycle.
- On-chain identity registry — maps wallets to ONCHAINID contracts and ISO-3166 country codes, gated by a registrar role.
- Modular compliance engine — a transfer must pass every registered module. Country restriction and vesting lock-up are deployed.
- Abort protection — if a raise misses its threshold by the deadline, every depositor is refunded their principal in full.
- Swappable yield strategy — idle capital can earn in an Aave strategy while a raise is open.
Fund lifecycle
- Crowdfund — investors submit async deposit requests against a funding threshold and a deadline.
- Acquire & Hold — the operator fulfils deposits, capital moves to the property holder, shares become claimable, and a vesting lock starts.
- Exit Queue — after vesting, the operator opens redemptions and settles requests against the current NAV.
Development roadmap
In build: ONCHAINID claim-topic verification, a NAV oracle, an external security audit and mainnet deployment. Next: additional EVM chains (Base, Arbitrum, Optimism, BNB Chain), Solana support, cross-chain bridging, DeFi composability, and treasury, private-credit and commodity funds. Compliance modules targeting VARA, MiCA, SEC Reg D/S and MAS are on the roadmap; the rule set deployed today is country restriction and vesting lock-up.
Contact
Dashboard: app.sebear.xyz | Email: info@sebear.it | Documentation: sebear.gitbook.io/sebear