Revest Finance introduces a new protocol for the creation of non-fungible tokens (NFTs) backed by fungible ERC-20 tokens that will exist on leading blockchains. This new breed of non-fungible financial instruments, henceforth referred to as Financial Non-Fungible Tokens (FNFT), will form the backbone of the Revest protocol. Under this new protocol, fungible digital assets are deposited into a Revest smart contract in exchange for their non-fungible representation. The digital assets underlying the FNFT will remain locked in the smart contract until specific criteria spelled out in the contract by the FNFT’s creator have been met. Ownership of the FNFT itself may be freely transferred at any point prior to the smart contract’s maturity date, without affecting the market value of its underlying fungible tokens. The FNFT may be bought, sold, and traded on any platform which supports the ERC-1155 standard.

There are many potential applications for this new FNFT protocol. The digital assets locked into the FNFT may be subject to a variety of vesting and dispersal restrictions associated with the introduction of new tokens. Typical vesting schemes prohibit the trading of any assets during their vesting period; to facilitate a wider range of trading options, the Revest protocol allows for trading of unvested assets without contravening vesting restrictions or affecting the market value of the assets, as only an NFT representing the future ownership of the unvested asset is transferred. The Revest protocol is also potentially useful for assembling and holding the collateral pool underpinning cryptocurrency-backed loans.

RVST, the token underpinning the Revest platform, serves three purposes: 

• To earn a share of the revenue generated by the fees incurred by users of the Revest platform
• To receive discounts on fees based on the number of tokens held 
• To participate in the governance of the Revest Protocol.