Stellar Phase III: Institutional Access on BiFu

Investment interests acquired early by an institution can offer another entry point as their lock-up period approaches its final stage.

BiFu and international investment management group Trivesta Group have introduced the Stellar Institutional Allocation Program (Phase III). Through a targeted transfer of selected interests, eligible platform users can participate in the assets' later unlock and exit without going through the institution's full earlier holding period.

Subscriptions start at 100 USDT, with a 1,000,000 USDT allocation and a one-month product term. Stellar Phase III is open for subscriptions on BiFu, bringing these previously held institutional interests into a closed holding arrangement.

BiFu and Trivesta Group Open a Route to Institutional Interests

According to the product information, Trivesta Group was founded in 2004 and is headquartered in Australia. It focuses on alternative asset management and multi-strategy investment, with more than twenty years of market experience and a business presence across markets including Australia, Singapore and Hong Kong. Its investment activities cover traditional financial markets and digital assets.

Through the partnership, Trivesta Group is making selected assets available for allocation through BiFu. Interests originally directed mainly at institutional investors can now be offered to eligible users through the platform's product interface.

The institution's background provides context on the asset source and management experience. Investment results still depend on this phase's assets and their actual exit.

Join at a Later Stage of the Assets' Lock-Up Period

The underlying assets of Stellar Phase III originate from cornerstone investment interests that Trivesta Group acquired through earlier participation in projects. The selected asset batches have entered the later stage of their lock-up period. The program takes over relevant interests through a negotiated transfer, with its holding and exit arrangements linked to the assets' unlock schedule.

Participants do not need to repeat the holding period the institution has already completed. They join this phase's one-month closed holding arrangement, after which the program arranges asset exits and settlement according to market conditions.

Unlocking is only one condition for an exit. It does not mean the assets have been sold or that funds will be returned on schedule. Users hold investment interests under the program, with their specific rights defined by the formal documents. This does not mean they directly own and can independently trade shares in the underlying companies.

The Same Market Price, Different Acquisition Costs

The program's return mechanism is based on the difference between acquisition cost and the eventual exit price. Through the partnership, it seeks to acquire relevant interests at a negotiated price close to the institution's holding cost, creating a potential cost advantage.

Consider a hypothetical example: an asset has a reference purchase price of USD 10 in the public market and an assumed negotiated transfer price of USD 8. If its market price reaches USD 12, the two acquisition costs produce different unrealized gains before fees:

The difference comes from acquisition cost. This example shows a single asset's unrealized gain at assumed prices. It does not establish the actual transfer discount for this phase or the product's one-month return. The final outcome depends on the actual exit price and applicable fees. An exit value below cost would still produce a loss.

Earlier Results: Actual and Estimated

According to the program's product materials, Phase I recorded an actual one-month absolute return of 45.01%, not annualized. Phase II materials list an estimated one-month absolute return of 31.27%, not annualized, subject to the final settlement and distribution results.

The distribution record for Phase I is available in the Phase I review. These figures provide background on earlier phases. Phase III has its own asset batches and exit conditions; historical performance cannot be used to project this phase's return.

Stellar Phase III Starts at 100 USDT

The main parameters for this phase are:

The return target is a reference estimate based on historical market performance and relevant data. It is not fixed interest, and neither principal nor returns are guaranteed. Actual results depend on asset exits, applicable fees and settlement arrangements.

Under the product materials' described process, users submit subscription applications through BiFu. Allocation takes place after the subscription period closes, with priority for whitelisted users and unallocated funds returned. Following the closed holding period, settlement is made to BiFu accounts according to actual investment results. An application does not guarantee a full allocation, and maturity does not guarantee immediate receipt of funds.

Explore the Current Allocation on BiFu

Stellar Phase III involves equity assets in traditional financial markets. Falling market prices, valuation declines or insufficient liquidity may affect exit prices, cause a loss of principal or delay settlement. Funds cannot be withdrawn early during the closed period.

Visit the Stellar Phase III product page on BiFu for allocation and subscription details, or explore other product information through BiFu RWA. Participation is subject to applicable regional, account and product eligibility requirements.