What is Memento (DEXTF)?

Quick Facts

  • Token symbol: DEXTF
  • Launched: 2020 on Ethereum
  • Original name: DEXTF Protocol, later Domani Protocol
  • Rebranded to: Memento / Memento Blockchain
  • Token type: ERC-20, multi-utility
  • Core use cases: Governance, staking, transaction fees, cross-chain fund management
  • Key infrastructure: Memento ZKChain (zk-powered Layer-2)

Introduction

Memento is a blockchain-based digital fund management ecosystem that bridges traditional finance and decentralized finance (DeFi). Its native token, $DEXTF, serves as the central utility and governance asset across the entire platform.

The project originally focused on enabling anyone to create on-chain tokenized funds — called XTF funds — without relying on a centralized authority. Over time, it evolved into a broader institutional-grade DeFi infrastructure.

History & Background

The protocol launched in 2020 as the DEXTF Protocol, offering a decentralized asset management infrastructure on Ethereum. It later rebranded to Domani Protocol and eventually to Memento, reflecting an expanded vision beyond simple fund creation.

The team behind Memento — including Nicola Lanteri, Mario Aquino, Federico Cristina, and Fabrizio Audisio — has progressively positioned the platform toward institutional adoption, culminating in the development of Memento ZKChain.

How Memento Works

At its core, the DOMANI Protocol (part of the Memento ecosystem) lets users create, mint, and redeem XTF funds — on-chain tokenized portfolios that function like decentralized exchange-traded funds. Each XTF fund is itself an ERC-20 token, making it tradable and composable within the broader DeFi ecosystem.

XTF funds are composable in both directions: they can be used as collateral in other DeFi protocols, and they can hold a wide variety of ERC-20 assets — including yield-generating tokens and liquidity pool positions. A dedicated module called CombSwap simplifies entering or exiting these multi-asset funds with a single transaction.

Memento ZKChain is a zk-powered Layer-2 blockchain designed specifically for institutional digital asset management, offering permissioned access and enhanced control for banks and financial institutions.

Tokenomics

$DEXTF was originally designed to reward investors, portfolio managers, and liquidity providers through a structured distribution model with vesting schedules built for long-term sustainability.

As the ecosystem expanded, the token's utility grew. $DEXTF now accrues value from sequencer fees on Memento ZKChain (50% of fees flow to token holders), entry fees paid by institutions for accessing ZKChain, and CombSwap transaction fees. Undistributed tokens and treasury holdings are secured in a multisig safe, preventing unilateral control.

Circulating supply ? 80.23 million DEXTF
Reserved supply ? 19.77 million DEXTF
DISTRIBUTED
0x45b067e594c93a829c950ceccf1f75fbfd9603b6
750,000 DEXTF
fund
0x91034f4b4b9dcfb49c60b45eb064d4a56d5fc129
19.00 million DEXTF
TREASURY1
0x7bc1476eeD521c083Ec84D2894a7B7f738c93b3b
23,092 DEXTF
TREASURY2
0xE2aB0c3AF51c71dbC5b9eE3b4bF2f6Fe8E86b07B
0 DEXTF
TREASURY3
0x5bb82d99dF9A905353951eB5985f888F4DfC30fC
0 DEXTF
Total supply ? 100.00 million DEXTF
Max supply ? -- DEXTF
Updated 2d ago

Ecosystem & Use Cases

  • Governance: $DEXTF holders vote on protocol upgrades, fee structures, and risk models.
  • Staking & Network Security: Token holders can participate in node-based infrastructure to secure the network and earn rewards.
  • Transaction Fees: $DEXTF is used to pay fees within Memento ZKChain.
  • Cross-Chain Fund Management: Chainlink CCIP integration enables cross-chain transfers of $DEXTF and fund assets.
  • Institutional Access: Memento ZKChain offers a permissioned environment tailored to regulatory requirements for major banks and financial institutions.

Team, Governance & Community

Memento Blockchain is the company behind the protocol. The founding team brings expertise across blockchain technology, financial modeling, and software development. Governance is decentralized: $DEXTF holders can propose, vote on, and execute changes proportional to their holdings, and voting power can be delegated to other addresses.

Advantages

  • Non-custodial fund management — users retain control of their assets at all times.
  • Composability — XTF funds integrate seamlessly with existing DeFi protocols.
  • Oracle-less design — reduces risks associated with oracle manipulation.
  • Institutional-grade infrastructure — ZKChain targets regulated financial institutions.
  • Multi-chain reach — deployed on Ethereum, Base, zkSync Era, and Avalanche.

Risks & Challenges

  • Low liquidity — trading volumes for $DEXTF remain relatively modest.
  • Adoption uncertainty — institutional DeFi is still an emerging and heavily regulated space.
  • Smart contract risk — complex multi-chain infrastructure increases surface area for vulnerabilities.
  • Competition — the tokenized fund space has several well-funded competitors.

Long-Term Vision

Memento aims to become the premier digital asset management platform for both retail and institutional users. By combining the DOMANI Protocol with Memento ZKChain, the project is building a bridge between traditional finance and on-chain fund management. As governance participants shape its roadmap, $DEXTF is designed to sit at the heart of next-generation institutional DeFi — powering fees, staking, and cross-chain infrastructure in an increasingly interconnected financial world.

Frequently Asked Questions

$DEXTF is the native governance and utility token of the Memento ecosystem. The project provides on-chain digital fund management infrastructure, allowing anyone to create, mint, and redeem tokenized funds called XTF funds.

XTF funds are on-chain tokenized portfolios that work like decentralized exchange-traded funds (ETFs). Each fund is an ERC-20 token that can be traded, held, redeemed for underlying assets, or used as collateral in other DeFi protocols.

The project began as the DEXTF Protocol in 2020, later rebranded to Domani Protocol, and eventually became Memento as the team expanded its vision to include Memento ZKChain and institutional-grade infrastructure.

Memento ZKChain is a zk-powered Layer-2 blockchain built specifically for institutional digital asset management. It offers a permissioned environment designed to meet the control and compliance requirements of banks and financial institutions.

$DEXTF accrues value through multiple revenue streams: 50% of ZKChain sequencer fees, 50% of institutional entry fees, and fees generated by CombSwap transactions within the DOMANI Protocol.

CombSwap is a module within the DOMANI Protocol that lets users enter or exit multi-asset XTF funds in a single transaction. It supports one-to-many swaps (buying all fund components at once) and many-to-one swaps (selling all components for a single token).

$DEXTF holders can propose and vote on protocol changes, including fee structures, risk models, and smart contract upgrades. Voting power is proportional to tokens held, and users can delegate their votes to other addresses.

$DEXTF is deployed on Ethereum, Base, zkSync Era, and Avalanche, with Chainlink CCIP enabling cross-chain transfers between these networks.