> For the complete documentation index, see [llms.txt](https://venzofinance.gitbook.io/venzofinance-docs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://venzofinance.gitbook.io/venzofinance-docs/access.-issue.-operate./value-proposition.md).

# Value Proposition

How Venzo connects investors, issuers and managers across access, issuance and operations.

Venzo connects investors, issuers and managers across the whole life of a structured product, from the first look to exit.

<figure><img src="https://534920511-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FUOkB6OkoR713tjtlF6Z6%2Fuploads%2F5nkE2qUjNnYNog9PsgK0%2Ffig-venzo-lifecycle.png?alt=media" alt="Five steps on Venzo: access, review, subscribe, monitor and exit"><figcaption><p>The steps of using a product on Venzo.</p></figcaption></figure>

## Access

For investors, Venzo is one marketplace for institutional-grade structured products. Users explore Curated Vaults and OTPs side by side, subscribe with stablecoins from their own wallet, and follow performance, holdings, risk and redemption terms on each product page. Portfolio gathers every position in one view.

* **Curated Vaults** give access to strategies that used to require a private mandate, such as market-neutral trading, private credit and cross-exchange arbitrage.
* **Onchain Token Portfolios** let users buy a whole portfolio of tokenized equities in one transaction and hold every constituent in their own account.

## Issue

For curators and issuers, Venzo is a distribution channel built on reusable infrastructure. A curator defines a mandate, or an issuer defines a methodology, and City Protocol's Issuance & Operation Layer supplies the registry, validation, issuance, reporting, eligibility and lifecycle machinery. A new product needs a strategy and a rule set, and the smart contract stack is already in place.

## Operate

For curators and strategy managers, the same layer runs each product day to day. For Curated Vaults it handles NAV, settlement, bounded strategy execution, fees and redemptions. For OTPs it handles constituent validation, published list changes and exit. Every action is indexed and published, so investors, operators and integrators read the same record.

|                      | Investors                                       | Curators and issuers                                                           |
| -------------------- | ----------------------------------------------- | ------------------------------------------------------------------------------ |
| What Venzo provides  | One marketplace, one wallet, one Portfolio view | Distribution to Venzo users and reusable issuance and operating infrastructure |
| What stays with them | Custody of their own wallet and every signature | The mandate or methodology, disclosures and compliance                         |