> ## Documentation Index > Fetch the complete documentation index at: https://guide.wlth.xyz/docs/llms.txt > Use this file to discover all available pages before exploring further. # Slices > WLTH Slices are tokenized ERC-721 units of pre-IPO fund exposure. Trade on the marketplace when fund terms allow. Liquidity is not guaranteed. # Slices **Liquidity is conditional.** Slices may be listed on the WLTH marketplace when fund terms allow, but lockups, buyer demand, and jurisdiction rules can prevent sales. WLTH does not guarantee liquidity. Read [liquidity and lockups](/investment/guides/liquidity-lockups-and-trading-slices) and [how WLTH Slices work](/investment/guides/how-wlth-slices-work). Traditionally, investing in private markets meant locking your money away for years with no way out. WLTH changes that with **Slices**, but exits are not guaranteed like a public stock exchange. A Slice is a tokenised unit of ownership that represents your exact share in a deal or fund. Think of it as your digital proof of stake, recorded, transparent, and tradable when fund rules and market demand allow. With Slices, you have more flexibility than traditional private funds: * **Trade when eligible** → List your Slice on the WLTH marketplace when fund terms permit. * **Fractionalise further** → Split your Slice into smaller parts, sell some, and keep the rest. * **Backed and transparent** → Every Slice is tied 1:1 to WLTH's underlying allocation, verified and updated automatically. Slices can turn illiquid private allocations into something **fractional and transparent**, with a **potential** secondary exit path. They give you options: hold long-term, seek a marketplace sale, or rebalance on your terms when rules allow. **In short: Slices are how wealth becomes more accessible.** ## Learn more * [How WLTH Slices work](/investment/guides/how-wlth-slices-work) * [Buying and selling Slices](/investment/slices/buying-and-selling-slices) * [Liquidity and lockups](/investment/guides/liquidity-lockups-and-trading-slices)