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Investing comparison

Boston Trading Co vs Defynance

Boston Trading Co and Defynance both offer investing. This page lines up 16 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.

Built from each provider's listed data · provider data last verified Nov 2026

At a glance

  • Both are available in all 50 states.
  • Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); Defynance uses Closed-end private fund holding income share agreements (accredited investors only).
  • Both disclose the same level of Shariah oversight: No Public Review.
  • HalalWallet Index: Boston Trading Co is not yet graded; Defynance holds a B-.
  • On measurable rows, Boston Trading Co has the better listed value on 2 and Defynance on 0.
  • They differ on 6 of the 16 data points we list for investing.

No editorial verdict has been written for this pair yet. The side-by-side below is the full data view; where we have written one, you'll find it under Compare.

Boston Trading Co vs Defynance: the full side-by-side

16 data points from each provider's published materials, lined up row by row. They differ on 6.

Boston Trading Co - halal finance provider logo

Boston Trading Co

Not graded yet
Pays us: No. Boston Trading Co pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
DE

Defynance

B-
Pays us: No. Defynance pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.

16 of 16 rows

Availability

  • States covered

    Same
    Boston Trading Co: All 50 states
    Defynance: All 50 states
Costs

  • Management fee

    Boston Trading Co: 2% MER + performance fee above benchmark (1%-3% p.a. range across funds)
    Defynance: Sales charge on each subscription, recurring servicing fees, a management fee on assets under management, and carried interest on profit. Amounts are in the private placement memorandum, not published.

  • Minimum investment

    Boston Trading Co: US$10,000 (top-ups from US$1,000); accredited / sophisticated investors only Edge
    Defynance: $25,000 for accredited investors; $100,000 for qualified purchasers (the manager can make exceptions)
Shariah

  • Structure

    Boston Trading Co: Managed digital-asset fund (pooled, accredited-only)
    Defynance: Closed-end private fund holding income share agreements (accredited investors only)

  • Shariah oversight

    Same
    Boston Trading Co: No Public Review
    Defynance: No Public Review

  • Shariah board / scholar

    Same
    Boston Trading Co: No Public Review
    Defynance: No Public Review

  • Published fatwa / certificate

    Same
    Boston Trading Co: No
    Defynance: No

  • Screening standard

    Boston Trading Co: Halachic (kosher) screen per the manager; not a Shariah screen (OYSHER (OYSH) Kosher Crypt…) · None - not a Shariah-screened fund (POLLYcoin AI (POLLY) Lower…) · Dharmic (Ahimsa / Sattvic) screen per the manager; not a Shariah screen (ASHIRVAD (ASHIR) Dharmic C…) · Self-declared Shariah screen from the RAFAH prospectus: excludes interest-based platforms; avoids alcohol, gambling, pork and adult entertainment; favours profit/loss-sharing and ethical-finance projects. No named scholar, supervisory board or third-party certificate. (RAFAH Halal Crypto Fund)
    Defynance: Not listed
Products

  • Products listed

    Boston Trading Co: OYSHER (OYSH) Kosher Crypto Fund, POLLYcoin AI (POLLY) Lower-Volatility Crypto Fund, ASHIRVAD (ASHIR) Dharmic Crypto Fund, Bostoncoin (BOS) Diversified Crypto Fund, RAFAH Halal Crypto Fund, DARTcoin (DART) Higher-Volatility Crypto Fund
    Defynance: Defynance Fund

  • Best for

    Boston Trading Co: Not for halal-first investors; see RAFAH
    Defynance: Not listed

  • Product types

    Boston Trading Co: Crypto Fund
    Defynance: Private Fund

  • Holdings

    Boston Trading Co: Live portfolio published at bostontrading.co/portfolio, updated hourly. (Bostoncoin (BOS) Diversifi…) · Sample allocation (prospectus, May 2025): HalalChain 20%, Islamic Coin 15%, Tezos 15%, Marhaba DeFi 15%, Celo 15%, SolarCoin 10%, ZakatDAO 10%. Illustrative only; no live RAFAH holdings page published. (RAFAH Halal Crypto Fund) · Live portfolio published at bostontrading.co/dart, updated hourly. (DARTcoin (DART) Higher-Vol…)
    Defynance: Not listed

  • Account types

    Boston Trading Co: Individual, 401(k), Roth IRA, Trust, Company +1 more
    Defynance: Not listed

  • Focus

    Boston Trading Co: Kosher Crypto Fund (not Shariah-screened) (OYSHER (OYSH) Kosher Crypt…) · Lower-Volatility AI Crypto Fund (not Shariah-screened) (POLLYcoin AI (POLLY) Lower…) · Dharmic Crypto Fund (not Shariah-screened) (ASHIRVAD (ASHIR) Dharmic C…) · Diversified Crypto Fund (not Shariah-screened) (Bostoncoin (BOS) Diversifi…) · Managed Halal Crypto Fund (RAFAH Halal Crypto Fund) · Higher-Volatility Crypto Fund (not Shariah-screened) (DARTcoin (DART) Higher-Vol…)
    Defynance: Not listed
Track record

  • HalalWallet Index grade

    Boston Trading Co: Not listed
    Defynance: B-

  • Founded

    Boston Trading Co: 2016 Edge
    Defynance: 2019

Edge marks the side with the better listed number on measurable rows (lower fee, wider coverage, higher grade). It is not a verdict - a provider can win more rows and still be the wrong fit for you.

Strengths and trade-offs

Boston Trading Co

  • Part of a faith-based range that shows the manager is willing to apply values screens
  • Positioned as the capital-preservation option in the range
  • Longest track record in the range (since January 2016) across several crypto cycles
  • Radical holdings transparency: the live portfolio is public and updated hourly
  • The only managed crypto fund we list that publishes a written halal screen (riba, gharar and haram-industry exclusions in the prospectus)
  • Not a Shariah product; screened to Jewish law, not Islamic law
  • No rabbinic authority or certification named on the site
  • Accredited / sophisticated investors only (US terms: Accredited Investors, Qualified Purchasers or QIBs), with a US$10,000 minimum
  • Provider's own US terms state the offerings have not been reviewed or approved by the SEC or CFTC and that regulatory approval is 'in process'; an ADGM (Abu Dhabi) licence application is also pending
  • 2% MER plus a performance fee above benchmark is expensive next to halal ETFs charging under 0.70%

Defynance

  • Returns come from a share of borrowers' income, not from interest
  • Investor capital pays off interest-bearing student debt
  • Quarterly distributions after the first year
  • Defynance reports low volatility and returns it describes as uncorrelated with markets
  • No Shariah board, scholar, fatwa or purification guidance is published
  • Accredited investors and qualified purchasers only, with a $25,000 minimum
  • Fee amounts are disclosed only in the private placement memorandum
  • Illiquid: one-year hold, and redemption options are not yet available
  • Defynance lists its own startup status and the possibility of agreements defaulting among the risks

Products behind the numbers

Where a row shows more than one value, it is because the provider lists several investing products. Each is tagged.

Boston Trading Co (6)

  • OYSHER (OYSH) Kosher Crypto Fund
  • POLLYcoin AI (POLLY) Lower-Volatility Crypto Fund
  • ASHIRVAD (ASHIR) Dharmic Crypto Fund
  • Bostoncoin (BOS) Diversified Crypto Fund
  • RAFAH Halal Crypto FundDetails
  • DARTcoin (DART) Higher-Volatility Crypto Fund

Defynance (1)

Boston Trading Co - halal finance provider logo

Boston Trading Co

Pays HalalWallet: No. Boston Trading Co pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Boston Trading Co Full review
DE

Defynance

Pays HalalWallet: No. Defynance pays HalalWallet nothing. It is listed and graded on the same terms as providers that do.
Visit Defynance Full review

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How do Boston Trading Co and Defynance compare for investing?

Boston Trading Co and Defynance both offer investing. This page lines up 16 listed data points side by side, with 6 differences, so you can see exactly where they part ways before you request quotes.

  • Both are available in all 50 states.
  • Boston Trading Co uses Managed digital-asset fund (pooled, accredited-only); Defynance uses Closed-end private fund holding income share agreements (accredited investors only).
  • Both disclose the same level of Shariah oversight: No Public Review.

Source: HalalWallet (halalwallet.us)

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Sources and review process

This page is reviewed against HalalWallet editorial standards and source documentation.

Reviewed by: HalalWallet Editorial Team

Last reviewed: 2026-11-13

How to cite this page

Preferred format (HTML):

According to HalalWallet (“Boston Trading Co vs Defynance”, https://www.halalwallet.us/compare/boston-trading-co-vs-defynance, retrieved 2026-11-14).

For time-sensitive claims (rates, fees, state availability), please verify directly with the provider's official documentation and note the retrieval date.

What HalalWallet is and is not

Scholars rule; we organize the evidence. HalalWallet is an independent research and comparison site for halal financial products. It is not a lender, bank, broker or adviser, and it is not a fatwa body.

What we do

  • We document each product's contract, Shariah oversight, costs and availability, with the date we last checked.
  • We show the range of scholarly opinion on contested questions, with sources.

What we do not do

  • We do not lend, hold money, open accounts or take applications. You apply with the provider.
  • We do not issue fatwas or certify any product as halal. Rulings belong to a scholar you trust.
  • We do not give personal financial, legal or tax advice.

Where our role ends and who takes over · Who pays HalalWallet · HalalWallet Trust Standard, version 1.0

Before you decide, finish with three checks:

  • Confirm current terms and halal compliance directly with the provider. Their quote is final.
  • Read the contract structure (Murabaha, Ijara, Musharakah and so on) and any published Shariah board opinion.
  • Bring your shortlist to a qualified scholar or licensed adviser, so the conversation is about your situation, not the basics.

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