Civic Asset Finance — Bitcoin Infrastructure
The institutional layer for city capital on Bitcoin.
FENIX Protocol provides cities, regional development funds, and institutional partners a Bitcoin-native operating system — asset tokenization, EUR-backed settlement, tokenized city funds, and measurable regional reinvestment anchored to Bitcoin via Clarity smart contracts.
Clarity Contracts — Bitcoin Mainnet
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SP2J9JXF...FMMM3YAW · Live
Protocol Test Suite
189
Full suite passing · May 2026
Target AUM — 2027
€50M
Across EU city mandates
Seed Round
€500K–1M
Min ticket €100K · Raising now
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Protocol documentation
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Investor
Pitch Deck
12-slide investor deck — the full FENIX story, market, and raise terms.
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Summary
One Pager
Single-page executive summary for institutional partners and city officials.
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Research
Protocol Thesis
Full investment thesis — architecture, token system, RWA model, and market.
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Finance
Revenue Model
Detailed fee structure, AUM projections, tokenization economics, and partnership terms.
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Interactive
RWA Engine
Live wallet-connected asset tokenization demo: preview valuation, collateral capacity, protocol fees, and governance route.
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Interactive
Protocol Studio
Live model connected to Bitcoin mainnet — simulate RWA, fund, DEX, and fee scenarios.
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01
Five protocol layers.
One civic operating system.
Each contract handles a distinct institutional function — tokenization, settlement, fund governance, liquidity, and RWA collateral — all anchored to Bitcoin via Stacks Proof-of-Transfer. Built in Clarity: formally verifiable, no re-entrancy, auditor-ready.
Governance · Treasury
FENIX Token
DAO coordination, treasury policy, and protocol governance. 1 billion hard cap. 30-day staking lock. Citizens vote on city fund allocations and project approvals.
Settlement · Stablecoin
FENIXT
EUR-backed settlement asset, 110% overcollateralised. MiCA compliant. City fund unit of account and DEX liquidity pair. 0.3% mint fee.
Capital Deployment
Ivana Fund
Tokenized city fund — live on mainnet for Zagreb. Deep tech, energy, arts, and civic infrastructure. Milestone-based capital release, on-chain council governance.
Liquidity · DEX
FENIX DEX
Protocol-native AMM liquidity layer for FENIXT/EUR, FENIX/BTC, and institutional settlement pairs. 0.3% swap fee. EUR-denominated entry for Bitcoin capital.
Tokenization · RWA
RWA Oracle Engine
Asset valuation, registration, collateral records, and yield logic for city-owned land, infrastructure, solar, cultural heritage, and public-private assets.
Audit · Compliance
Grant-Ready Audit Trail
On-chain milestone tracking, EU-style reporting, and blended finance structures. Compatible with European Commission programs and institutional due diligence.
02
From civic asset to investable capital.
The RWA engine turns verified city assets into collateral-aware digital infrastructure. A EUR 20M Zagreb land asset generates over EUR 770K in Year 1 fees. The live RWA page lets any wallet preview the economics before governance broadcasts the verified asset on Bitcoin.
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Asset Identified
City or developer brings land, infrastructure, solar, or cultural heritage. Independent auditor values it.
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Legal Wrapper
Legal structure created. City resolution passed. FENIX partnership signed. Asset stays legally owned.
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Tokenize
RWA token minted on Stacks L2. 1–2% tokenization fee charged. Oracle confidence and legal score set on-chain.
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FENIXT Minted
FENIXT minted at 110% collateral ratio. Institutions and citizens buy FENIXT. Liquidity flows to developer.
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Fund Deployed
FENIXT deployed into city fund. Projects scored by on-chain council. Capital released per verified milestones.
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Returns Loop
Project returns flow back. FENIX earns 15–20% carry. Yield reinvested into next city cycle. Protocol self-sustains.
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Live on Bitcoin mainnet.
Publicly verifiable.
All five contracts are deployed and active on Bitcoin mainnet via Stacks. Every transaction, balance, governance action, and collateral record is permanently on-chain and auditable through the Hiro explorer.
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A $94T problem.
Zero direct competitors.
$94T
Global infrastructure funding gap by 2040
Cities cannot fund their future through legacy finance. Municipal bonds take 18 months. Zero citizen participation.
$16T
RWA tokenization market by 2030 (BCG)
FENIX sits at the intersection of RWA + civic finance — the most defensible and underserved segment.
€2.1T
EU urban infrastructure need by 2030
Zagreb, Belgrade, Budapest first — then 10+ EU cities with the same institutional mandate and Bitcoin rails.
$2T+
Bitcoin market cap — commodity under MiCA
BlackRock, Fidelity, and sovereign wealth funds now hold BTC directly. FENIX channels this into civic outcomes.
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Institutional economics.
Transparent fee structure.
Same model as BlackRock — on-chain and transparent. At €50M AUM, FENIX generates €1.5M+ in annual recurring fees before any token appreciation or carry. A €20M Zagreb land asset returns €770K in Year 1.
Tokenization
1–2%
One-time · per asset
Charged at origination. 50% EUR cash to House of Fenix, 50% to protocol treasury.
Management
1.5%
Annual AUM · quarterly
Recurring fund and asset management fee. At €50M AUM = €750K per year base recurring.
Performance
15–20%
Carry · above 6% hurdle
Upside participation on qualified project and fund returns. Aligned with LP interests.
Protocol
0.3%
Per transaction · DEX + mint
FENIXT minting and DEX swap activity. Accrues to protocol treasury and FENIX holders.
Full fee tables, AUM projections, and partnership economics → Open Revenue Model ↗
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Zagreb. Belgrade.
Budapest. Then Europe.
Each fund is an independent on-chain entity governed by a city council, funded by FENIXT, and verified on Bitcoin. Target: 10+ city funds across Europe by 2027.
Live on Mainnet
Zagreb
Ivana Fund
Deep tech, energy, AI, and civic infrastructure. First live fund — contract deployed on Bitcoin mainnet. First real estate deal in progress.
Live · May 2026
⬡ Pipeline
Belgrade
Angela Fund
Serbia's capital — fastest growing tech hub in the Balkans. Deep tech, energy, and innovation mandate. Strong private-sector pipeline.
Target · Q4 2026
⬡ Pipeline
Budapest
Ildiko Fund
EU member state with strong university and deep-tech ecosystem. MiCA-aligned context. Vienna, Warsaw, Riga, and Ljubljana under evaluation.
Target · Q4 2026
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Roadmap
Q1–Q2 2026
Protocol Complete — Live on Bitcoin Mainnet
5 Clarity contracts deployed · 189/189 tests passing · RWA engine · Protocol Studio · Full documentation
✓ Complete
Q2–Q3 2026
Seed Round Close · First Asset On-Chain
€500K–1M seed close · First Zagreb real estate deal signed · BD hire · Institutional partner onboarding
→ Active
Q3 2026
First RWA Tokenized · Ivana Fund First Project
Asset on-chain · FENIXT minted · Ivana Fund first project funded · First protocol revenue milestone
Planned
Q4 2026
Token Sale · Belgrade & Budapest Funds
Private token sale €2–5M · Angela + Ildiko Funds deployed · EU institutional BD expansion
Planned
Q1 2027
TGE · €50M AUM Target · EU Expansion
Public token launch · €50M AUM across 5–10 tokenized assets · Vienna · Warsaw · Riga entering pipeline
Planned
2028+
Scale · NeoBank Layer · Series A
10+ cities · NeoBank civic finance layer · €200M+ AUM · Series A €10–20M · Sovereign-level mandates
Vision
Seed Round — Qualified Investors Only
Scale the Bitcoin civic finance layer across Europe.
FENIX is converting a live, fully tested protocol into city products: asset tokenization mandates, tokenized regional funds, FENIXT settlement flows, and institutional reporting for EU public-private transformation programs.
Seed Round Target
€500K–1M
Instrument: SAFE + Warrant · Token price €0.05–0.10
Minimum Ticket
€100K
Qualified institutional investors and family offices
Target AUM — 2027
€50M
5–10 tokenized assets across EU cities
Revenue at €50M AUM
€1.5M+
Annual recurring fees · before carry or token appreciation
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Founder
Chief Executive Officer
Gabriel Zanko
CEO — House of Fenix · LIFE3 · Urano Kapital · Zagreb, Croatia
Finance and deep-tech executive with roots in PwC Venezuela and Nokia. Bitcoin investor since 2013. Built LIFE3 into a global deep-tech investment banking firm operating across New York, Tokyo, Hong Kong, Riyadh, Zurich, and Davos — with deal flow across sovereign funds, deep-tech VCs, and institutional LPs.
Speaker at WEF Davos, LEAP Saudi Arabia, and Hong Kong Blockchain Week. Mentor at Techstars and Startup World Cup. FENIX is the convergence of 15 years of institutional finance, Bitcoin conviction, and a thesis that cities are the world's most underutilized balance sheet.
WEF DavosLEAP Saudi ArabiaHK Blockchain WeekTechstars MentorStartup World CupPwC VenezuelaNokiaBitcoin since 2013