# Institutional Deposit Tokens

{% hint style="success" %}
The attestations for Frictionless Institutional Deposit Tokens are proved by the PERMISSIONED\_FUND\_ACCOUNTANT (Creatrust Luxembourg) and are publicly available at <https://snowtrace.io/address/0x143F369d362E6F9Bb2b9282c48e55d19f5EB5305>
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{% hint style="warning" %}
Always check that the smart contracts you interact with are valid contracts issued by the Frictionless Markets Protocol Administrator. &#x20;

The PROTOCOL\_ADMIN address is `0x55749224f94d79687Ba3955db2180d7C5D7D2409`

Any other address purporting to offer the Frictionless protocol is not valid.

If you have any queries or wish to report any suspected issues, please contact the protocol admin team via <protocol_admin@frictionless.markets>
{% endhint %}

### Deployed Institutional Deposit Tokens

The Frictionless [PROTOCOL\_ADMIN](https://snowtrace.io/token/0x9036920BE759ea5062bb0D1071911949F6848Ad8?chainId=43114) has deployed the following FrictionlessFundDepositTokens.

{% tabs %}
{% tab title="Frictionless Institutional Deposit Tokens" %}
The Frictionless Institutional Deposit Tokens are deployed at the following token addresses on Avalanche. <img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2F9MeQe2tQhrbgIzMy0Hdv%2Favalanche-avax-logo-1-150x150.png?alt=media&#x26;token=70217994-d191-4bc9-bac6-6a9f478ab3b0" alt="" data-size="line">

<table><thead><tr><th width="132">Currency</th><th width="408">Frictionless Token Address</th><th></th></tr></thead><tbody><tr><td>USD</td><td><a href="https://snowtrace.io/token/0xD754fCf01B073C675A068278D5AfE43715eE825B?chainId=43114">Frictionless U.S. Dollar - fsUSD</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2Fovlj6Cg6Rd9btFUhHzSk%2FfsUSD-white.svg?alt=media&#x26;token=f67fdcd4-40d3-4702-82f5-770bc9d3bedc" alt=""></td></tr><tr><td>EUR</td><td><a href="https://snowtrace.io/token/0xa7561933298b1B69CB47ae0a4184bd57242d68AD?chainId=43114">Frictionless Euro - fsEUR</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2FPgry5yBR76YG4dXEuAdF%2FfsEUR-white.svg?alt=media&#x26;token=e8de8cd5-9302-4e29-af0e-18eae0ff0f05" alt=""></td></tr><tr><td>GBP</td><td><a href="https://snowtrace.io/token/0x3c2421fa1a1E1D0a016Cb3451107D370da1D19E3?chainId=43114">Frictionless Bristish Pound Sterling - fsGBP</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2Fq4W0A0d3fUHwHuwaOIP7%2FfsGBP-white%20(1).svg?alt=media&#x26;token=e242832d-769d-427a-ba49-57d41fb7f310" alt=""></td></tr><tr><td>CHF</td><td><a href="https://snowtrace.io/token/0xFcC36152b5ab35D5a6F1c04f7c76EBF8c61a8aC5?chainId=43114">Frictionless Swisss Franc - fsCHF</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2FwC9dwZwp0IaVg2380SIQ%2FfsCHF-white.svg?alt=media&#x26;token=5b07580f-e416-4da8-94e0-f0c29596b221" alt=""></td></tr><tr><td>HKD</td><td><a href="https://snowtrace.io/token/0x64196474DC7EB5143Ef857b2560407Da78375109?chainId=43114">Frictionless Hong Kong Dollar - fsHKD</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2F7jfQCYU1EhJL08lMbVei%2FfsHKD-white.svg?alt=media&#x26;token=dad82258-98db-4c5f-9097-2e7ae2b6483b" alt=""></td></tr><tr><td>SGD</td><td><a href="https://snowtrace.io/token/0x6aC8441F7EAC7B71247baC69B9059a278c7fA666?chainId=43114">Frictionless Signapore Dollar - fsSGD</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2F1pvPFavyuUaB46lWve8X%2FfsSGD-white.svg?alt=media&#x26;token=b1376897-56e6-4cbf-a0d7-f7b6555d76fb" alt=""></td></tr><tr><td>JPY</td><td><a href="https://snowtrace.io/token/0x71171d3FF5f925846482Ed9377E6Fb6EB37f4113?chainId=43114">Frictionless Japanese Yen - fsJPY</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2Ftczx7egtENxPo28SiaXt%2FfsJPY-white.svg?alt=media&#x26;token=193a00c1-a0c0-4c30-8b54-b4d4187c5323" alt=""></td></tr><tr><td>AED</td><td><a href="https://snowtrace.io/token/0x9036920BE759ea5062bb0D1071911949F6848Ad8?chainId=43114">Frictionless Emirati Dirham - fsAED</a></td><td><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2F73KprnULFpNXUhcAlWcZ%2FfsAED-white.svg?alt=media&#x26;token=267350a9-fffb-4793-9e07-656b6e14ee71" alt=""></td></tr></tbody></table>
{% endtab %}
{% endtabs %}

### Structure of Frictionless Institutional Deposit Tokens

The Frictionless Institutional Deposit Token (FricitonlessFundDepositToken) is designed as a method of recording a FIAT contribution for a PERMISSIONED\_INVESTOR into a listed fund on the Frictionless protocol.&#x20;

{% hint style="danger" %}
Neither Frictionless Markets nor its parent company DEFYA HOLDINGS nor any subsidiaries actively manage currency contributions for Investors or permissioned participants in the protocol. \
\
All investment decisions must made exclusively by Investors or their appointed wealth advisors or agents.
{% endhint %}

The Frictionless Markets team passively manages a collection of open-ended fund structures which are designed to securitise the currency contributions, so thereafter these tokens can be used to record payment, settlement and trade in tokenized securities from funds listed on the Frictionless protocol.

The following high-level diagram describes the main participants and their high-level interaction with the protocol.

<figure><img src="https://257329724-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2Fn1p8Xj3fTDixdW6ELAVY%2Fuploads%2F1oMp1bnmLnGL3gihYcFd%2Ffrictionless-protocol-img-src-FrictionlessFundDepositToken-Securitization-Strucutre.drawio%20(1).png?alt=media&#x26;token=b43076f3-12bd-4643-b142-9337d0cb8d15" alt=""><figcaption><p>Passive Securitization Structure of Frictionless Institutional Deposit Tokens</p></figcaption></figure>

{% hint style="info" %}
For more information on the legal structure of the FRICTIONLESS MARKETS SECURITIES FT, consult our [legal & fund documentation](https://docs.frictionless.markets/legal/overview)
{% endhint %}