The First
Digital Gold
Fund.
Applying the Digital Gold Standard Benchmark to a concentrated basket of twelve Layer-1 assets — each selected through the rigorous CFV methodology documented in The Intelligent Crypto Investor by the founders of the Digital Gold Foundation.
A Berkshire Hathaway-Style
Crypto Fund.
The framework without the vehicle is an academic exercise. The vehicle without the framework is speculation. We provide the vehicle for the Digital Gold framework.
“Graham created the intellectual framework. Buffett created the vehicle that applied it. The framework without the vehicle was an academic exercise. The vehicle without the framework was speculation. Together, they produced the most successful investment record in the history of finance. The Crypto Fair Value model is the framework. The CFV CoinFund is the vehicle.”
In 1962, Warren Buffett identified Berkshire Hathaway trading below intrinsic value. He acquired it, held it indefinitely, and redirected cash flows into additional undervalued assets.
The CFV CoinFund replicates this institutional structure — using the Crypto Fair Value model to identify Layer-1 coins trading below fundamental value, acquiring them through a 2 & 20 Fund, and holding them as permanent assets.
Berkshire Hathaway
Graham's methodology to identify stocks trading below book value.
CFV CoinFund 1
CFV methodology to identify Layer-1 coins below network fair value.
Berkshire Hathaway
A permanent capital structure acquiring undervalued assets.
CFV CoinFund 1
A permanent capital structure acquiring undervalued Layer-1 coins.
Berkshire Hathaway
Reinvested cash flows into more undervalued assets, compounding.
CFV CoinFund 1
Management fees & staking rewards reinvested in the ecosystem to drive value.
The CFV
Calculation.
Developed by the Digital Gold Foundation and documented in The Intelligent Crypto Investor, the CFV formula provides the first transparent, reproducible standard for measuring what any Layer-1 cryptocurrency is actually worth — benchmarked permanently against Bitcoin's December 2024 institutional consensus.
The Digital Gold Standard Benchmark
Institutional baseline for network dominance.
70% weighting driver for network effects.
10% weighting for protocol throughput.
10% weighting for value settlement.
10% weighting for engineering durability.
Weight Distribution
Total number of coin owners.
Total annual coin transactions.
Total annual transaction dollar value.
Active builders driving long-term protocol utility.
Digital Gold Standard · Rule-Based Institutional Valuation · fixed permanently
CFV CoinFUND 1
Portfolio Allocation.
All twelve coins carry CFV reports and equal $67M allocation. Data reflects March 2026 valuations and live market pricing.
per coin
All CFV values from March 2026 reports. All twelve coins carry published CFV Coin Reports. Fair values are model estimates based on fundamental metrics, not price predictions. Discounts reflect the gap between CFV fair value and market price as of March 31, 2026. The 35% minimum margin of safety threshold required by the CFV methodology is met or exceeded by all twelve portfolio coins. Source: The Intelligent Crypto Investor.
Permanent Capital
Indefinite Ownership
The fund will not engage in short-term trading, derivatives, or leverage. Acquired coins are held in the fund indefinitely.Fund tokens are tradable after one year on Dexie.space/markets
$67 Million
Distributed.
The fund purchases 3 million DGD at market price. One hundred percent of these proceeds are distributed equally among all twelve coin communities - providing the critical fuel for infrastructure, development, and global adoption, in the form of grants.
At market price from DGF treasury
100% distributed to communities
No community receives more than another
Infrastructure, dev, exchanges, adoption
Community Grant Allocations
The fund does not invest in nor support Bitcoin.
Institutional
Governance.
Crypto Fair Value CoinFund 1, LP is 2 & 20 Fund. Fund tokens are issued on the Chia blockchain and tradeable after one year at Dexie.space/markets. The offering is structured under Regulation D Rule 506(c) — available to U.S. accredited investors or through registered Small Asset Mangers (SAMs) for non-accredited investors.
The offering is structured under Regulation D Rule 506(c) — available to U.S. accredited investors or through registereed Small Asset Mangers (SAMs) for non-accredited investors.
The fund seeks to raise up to $1,000,000,000 from accredited investors. Minimum subscription: $10,000 (10,000 Tokens). Tokens represent $1 of committed capital each. Up to 1,000,000,000 tokens total.
Rule 506(c) Regulation D. Available only to United States citizens. Verified accredited investors: income $200K+ ($300K joint), net worth $1M+ excluding primary residence, or entities with $5M+ assets.
Tokens may be transferred to other verified accredited investors on General Partner-approved exchanges after one year and one day — aligning with the long-term capital gains threshold. No redemptions. The fund holds indefinitely.
2% annual fee on committed capital. The first ten years' fees (20% total) are prepaid at investment. Example: $10,000 invested = $2,000 fee advance + $8,000 deployed. Carried interest: 20% (Years 1–10), 10% (11–15), 5% (16–20), 2.5% thereafter.
Fund interests are represented as digital tokens issued on the Chia blockchain, chosen for its security, decentralisation, energy efficiency, and the Chialisp smart contract language designed for tokenized asset issuance. tokens would be tradeabke on Dexie.space/markets
How Fees
Drive Value.
Management fees fund the strategic operations required to drive portfolio assets toward their CFV fair values — mirroring the compounding operational support provided by institutional holding companies.
Payment Infrastructure Integration
API integration with point-of-sale terminals - the MCI/AT&T precedent applied to payment networks.
Merchant Adoption Tools
Development of crypto-native payment solutions: mobile POS applications, invoicing systems, and direct buyer-to-seller settlement mechanisms that bypass traditional payment processor infrastructure.
Exchange Listings & Wallet Integration
Securing listings of all twelve coins on popular mobile wallet applications, CEXs & DEXs — expanding liquidity and accessibility.
Legislative Advocacy
Lobbying for legislation modeled on Arizona Senate Bill 1649 in all fifty states — establishing digital asset reserve funds, mandating Merkle Tree-verified adoption data, and removing discriminatory exchange gatekeeping.
Global Conferences & Hackathons
Organization and sponsorship of global events focused on expanding awareness, interoperability, and utility of the twelve portfolio coins — driving the adoption metric at the core of the CFV formula.
Post-Quantum Migration Research
Following Google Quantum AI's March 2026 disclosure that quantum attack hardware requirements are 20× lower than estimated, grants prioritize post-quantum cryptographic migration for all twelve protocols. Timeline: as early as 2029.
Board &
Management.
The architects of the CFV methodology and the Digital Gold Foundation. A collective of policy makers, core coin developers dedicated to establishing the first fundamental valuation standard for the digital asset ecosystem.
Author of The Intelligent Crypto Investor and architect of the CFV methodology, the Digital Gold Foundation, and CFV CoinFund. Spent years documenting the absence of a fundamental valuation standard in crypto markets before building one from first principles.
Co-author of The Intelligent Crypto Investor and sponsor of Arizona SB 1649. Senator Finchem writes: "CFV shifts the basis of crypto valuation from sentiment to fact, giving holders a credible standard against which to measure their assets."
Institutional
Inquiry.
Addressing the critical details of the CFV methodology, fund structure, and investor participation.
The Intelligent
Crypto Investor.
The The Intelligent Crypto Investor by John Wright Gotts applies Benjamin Graham's value-investing discipline to cryptocurrency through the Crypto Fair Value (CFV) framework. The methodology calibrates any Layer-1 Coin against a permanent Digital Gold Standard Benchmark fixed to Bitcoin's December 2024 metrics, weighting four measurable fundamentals (adoption, transactions, transaction value, active developers) in a 70/10/10/10 composite to produce an intrinsic Fair Coin Price and margin of safety. Coauthored with state legislators Finchem, Hagedorn, and Wood, the book defends the methodology through adversarial engagement with Austrian, Keynesian, and MMT traditions, and is institutionally anchored by the Digital Gold Foundation's standards and legislative work.
Backed by the
Digital Gold Foundation.
CFV CoinFund 1 is the investment vehicle of the Digital Gold Foundation ecosystem. The Foundation's CFV methodology governs every position. Learn more about DGF's standards work, real-time CFV Reports, and legislative agenda.
