> For the complete documentation index, see [llms.txt](https://docs.reserve.org/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.reserve.org/introduction/long-term-goal.md).

# Long-term goal

Reserve is a long-term project.

To make asset-backed currency possible, we first needed a platform for bundling assets together onchain, a system where entire portfolios can be created, held, transferred, and governed as a single unit.

That same platform can support many kinds of diversified investment products. While the long-term goal is asset-backed currency, the underlying infrastructure is useful today. So Reserve makes this core platform available now, while continuing to prepare the remaining pieces required for asset-backed currency.

That is why the first product line is crypto index products, starting with the assets that already exist and are widely used: native crypto tokens. For example, the CMC20 DTF tracks CoinMarketCap’s top 20 cryptocurrencies by market capitalization, similar to how the S\&P 500 tracks the largest public companies, but for crypto.

These products are called DTFs, Decentralized Token Funds. DTFs are onchain portfolios governed by transparent, predefined rules.

Today, DTFs hold crypto assets. As more assets become tokenized, DTFs can expand to include stocks, bonds, commodities, and real estate. Over time, a single DTF could represent broad exposure to global assets, including equities, fixed income, crypto, and hard assets, all held and transferred as one unit.

These products lay the groundwork for asset-backed currency.

As assets become tokenized and can be exchanged programmatically, value does not need to sit in fiat between transactions. Instead, value can be held in diversified portfolios and converted at the moment of payment.

If someone earns more than they spend while holding value this way, their exposure to underlying assets increases over time, and they steadily build ownership of a share of the world’s wealth.

{% embed url="<https://www.youtube.com/watch?v=IVbhY_1cAYQ>" %}
CEO Nevin Freeman highlights the two primary long-term challenges that must be addressed for asset-backed currencies to thrive
{% endembed %}


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