The Nested protocol is a set of smart contracts with complete decentralized execution.
The assets backing a Nested portfolio are stored on-chain. A Nested portfolio allows users to maintain full ownership of the underlying assets.
The NFT representing the Nested portfolio acts as a super key, and through it, users can move or redeem the underlying assets. Transferring the ownership of the NFT to someone also transfers to them the control of the assets that back it.