I do agree with crypto being more transparent, maybe less fees and less politics, though the later may still happen when a fund is run by a team.

I try to make a different point, the investment fund and the open market tradebility thereof.

Bank or other institutional investment funds are not tradeable on the open market. Peeps trade with the fund itself and pays/receives the intrinsic value of the fund, whilst the value of such fund is not full of sentiment and whatnot. My take is this is wanted, in a centralised setup but also in a decentralised setup. I mean, it is wanted that the valuation is done purely on assets it holds and knows the market value of these assets.

Well, not all investment funds are like that, for instance, a fund investing in paintings or other art will have difficulties establishing a price point for each such asset. But that aside, SEED doesnt own such type of assets.

For SEED you like to see more liquidity in the market so peeps can buy and sell like stock or general crypto on the open market. I wonder why you want this? And/Or this 'degrades' the investment fund value from pure valuation based on known assets with known prices, to an investment fund valued not only on the previous but also on a range of other non-financial factors, such as sentiment, emotions. Any open market trading system has this effect. Maybe ok for shares in businesses. But is this, in your opinion, wanted for investment funds?