> ## Documentation Index > Fetch the complete documentation index at: https://docs.altura.trade/llms.txt > Use this file to discover all available pages before exploring further. # Strategies > ALTURA MULTI-STRATEGY TRADING FRAMEWORK | Market Making · Funding Arbitrage · Real-World Asset (RWA) ## Overview 160.png Altura operates a multi-strategy trading framework designed to generate consistent, risk-\ adjusted returns across varying market conditions. \ \ The platform deploys capital exclusively into **professional, non-directional and asset-backed strategies**, prioritising: * Capital preservation * Liquidity discipline * Institutional-grade execution * Risk-controlled deployment Altura strategies are not designed for speculative directional exposure. Returns are generated through: * Market inefficiencies * Liquidity provision * Funding and basis differentials * Real-world asset trading activity *** ## **Strategy Pillars** Altura deploys capital across three complementary strategy pillars: 1. **Delta-Neutral Crypto Market Making** 2. **Funding Rate & Basis Arbitrage** 3. **Real-World Asset (RWA)** Capital allocation between strategies is dynamically adjusted based on market conditions,\ liquidity, and risk-adjusted return expectations. ## **Strategy Pillar 1 - Delta-Neutral Crypto Market Making** ### **Objective** The market-making strategy is designed to: * Generate spread-based returns * Maintain low or neutral directional exposure * Control inventory and volatility risk * Provide liquidity across selected venues **Optimisation Objective:** *(Spread Revenue + Market Share) − (Inventory Risk + Hedging Cost + Execution Risk)* 11(1) ### **Strategy Architecture** The strategy operates through: **Quoting Engine** * Continuous bid/ask liquidity provision * Adaptive spread management * Optimal quote sizing **Hedging Engine** * Real-time inventory neutralisation * Dynamic execution logic * Slippage and risk control **Opportunistic Adjustments** * Regime-aware positioning * Volatility-responsive execution ### **Risk Management** * Inventory exposure limits * Volatility-based hedging * Automated kill-switches * Exchange and venue diversification *** ## Strategy Pillar 2 - **Funding Rate & Basis Arbitrage Strategy** ### **Objective** This strategy captures predictable yield from structural inefficiencies between: * Spot markets * Perpetual futures * Dated futures The strategy remains market-neutral and does not rely on directional exposure. 12(1) ### **Execution Structure** Typical positioning includes: * Long spot / short perpetual * Long perpetual / short futures * Cross-venue arbitrage Returns are driven by funding rates and basis convergence rather than price movement. ### **Risk Controls** Funding persistence monitoring * Margin and liquidation buffers * Position size controls * Continuous rebalancing *** ## **Strategy Pillar 3 - REAL-WORLD ASSET (RWA)** Post ### **Asset Manager** All RWA trading activity is executed by: **Inessa Holdings LLC FZ** *(Acting as Asset Manager)* Inessa is responsible for: * Physical gold trading * Trade structuring and execution * Capital and risk management; Altura does **not** directly trade or custody physical gold. ### **Capital Deployment** Capital allocated to the RWA strategy: * Is used solely for physical gold trading * Is not leveraged or rehypothecated * Is deployed in short settlement cycles * Is allocated in tranches * Remains fully recallable Allocation remains flexible over time, with no minimum capital commitment ### **Trading Methodology** The strategy focuses on: * Physical gold arbitrage * Buy–sell pricing inefficiencies * Delivery-versus-payment settlement * Short-duration trade cycles All returns are generated from real-world asset activity. ### **Aurellion Tokenized Gold  & On-chain trading** We have partnered with our tokenization provider Aurellion to bring this strategy on-chain Inessa will tokenize gold through Aurellion and the purchasing refinery will buy Gold from Inessa on-chain The transfer of the physical Gold and its associated logistics flows will also be signed and tracked on-chain coupling the real and tokenized asset together. Settlement of all trades and logistic process will occur on-chain on Aurellion's platform. Giving users a direct look through the inner workings of the strategy, transaction by transaction. IMG 5570 ### **Capital Recall (RWA Only)** For capital deployed into the RWA strategy: * Partial or full recall may be requested with **7 days’ notice** * New trade deployment ceases upon notice * Open trades are settled * Capital and accrued returns are returned within **7 days** There are: * No lock-ups * No exit penalties * No restrictions beyond settlement completion Failure to return capital within the stated period constitutes a contractual default. Altura Infographic *** ### **CUSTODY, TRANSPORT & INSURANCE** #### All physical gold movements: * Are executed through internationally recognised logistics providers * Are fully insured at market value * Follow delivery-versus-payment (DvP) standards * Remain segregated from Altura operating funds Inessa Holdings is responsible for: * Logistics coordination * Insurance coverage * Secure transportation * Settlement execution *** ## MF-One: Strategy Overview mF-ONE operates a multi-strategy tokenized framework (issued as a certificate via Midas.rwa) that maps the performance of Fasanara Capital's flagship "F-ONE" strategy, managing over \$5 billion in AUM across traditional and digital markets. The strategy deploys capital exclusively into professional, non-directional, and asset-backed vehicles, prioritizing capital preservation, liquidity discipline, and institutional-grade execution. #### **Strategy Pillars & Execution** Rather than pursuing speculative directional exposure, the framework dynamically splits capital across two core pillars to optimize risk-adjusted returns: * **Real-World Asset (RWA) Fintech Lending:** Deploys capital into low-volatility, short-duration traditional market structures including SME loans, receivables, and real estate credit. Capital is allocated in structured tranches and remains asset-backed. * **Delta-Neutral Crypto Market Making:** Employs a sophisticated quoting and hedging engine designed to capture spread-based returns, maintain a neutral directional inventory, and mitigate volatility risk across selected digital venues. *** ## Travessia: Strategy Overview This strategy finances high-velocity Brazilian grain flows through a structured, on-chain credit vault. Altura provides stablecoin liquidity to Travessia, which allocates capital to Tauri Agrícola, a local commodity trade finance operator. Tauri uses the capital to fund short-duration physical grain transactions (corn, soy, and sorghum), paying producers immediately upon loading, coordinating logistics, and hedging commodity and FX exposure. The strategy captures yields by financing this working-capital gap, offering faster capital than traditional banks. *Altura does not directly trade or custody physical grain.* #### **Core Execution & Methodology** * Operational Mandate: Tauri handles physical trading, integrated logistics, trade structuring, and risk management from negotiation to settlement. * Inefficiency Capture: Returns are driven 100% by real-world asset activity, focusing on buy–sell pricing inefficiencies and short-duration, repeatable trade cycles. #### **Capital Deployment Guardrails** * Strict Allocation: Capital is used exclusively for physical grain trading with zero leverage or rehypothecation. * Liquidity Discipline: Funds are deployed in short settlement cycles and remain fully recallable. * Flexibility: Allocations adjust dynamically over time with no minimum capital commitment. *** ## **WITHDRAWAL & LIQUIDITY POLICY** *(Applies to all Altura strategies unless otherwise stated)* ### **Standard Withdrawal** * Processed within **72 hours** of request * No withdrawal fee * Executed within normal liquidity and risk management cycles ### **Instant Withdrawal (Optional)** * Available on demand, subject to liquidity * Processed immediately or as soon as technically feasible * Subject to a **0.10% instant withdrawal fee** Instant withdrawals may require forced position unwinds or less optimal execution and are\ priced to reflect this operational impact. *** ## **RISK MANAGEMENT FRAMEWORK** Altura enforces: * Capital exposure limits * Strategy-level allocation caps * Counterparty diversification * Real-time monitoring * Automated risk controls *** ## **FEE PHILOSOPHY** Altura fees reflect: * Institutional-grade execution * Active risk management * Capital efficiency * Long-term alignment Fee schedules are published separately. *** ## **FINAL NOTES** Altura is designed for investors seeking: * Professional execution * Asset-backed strategies * Transparent liquidity * Disciplined risk management This document represents the definitive description of Altura’s trading framework.