Data Room · August 2026
Issuer-Authorized
Tokenized Equity.

A compliant channel to international capital for high-growth private companies — and a path to liquidity for their early holders.

The Problem
Three parties.
No compliant path.
Companies

Can't reach international investors without bespoke legal work in every jurisdiction.

Holders

Founders, employees, and angels sit in illiquid positions for too long.

Global investors

No straightforward, compliant way into US private companies.

What happens without consent
$1B+ in SpaceX orders refunded

June 2026 — shares couldn't be secured because the company never authorized the tokenization.

OpenAI disavowed Robinhood's tokens. Both OpenAI and Anthropic voided SPV transfers.

What We Do
Consent-Based
Tokenization.

Holders encumber their equity with issuer authorization and receive tradeable tokens. Releasing the encumbrance requires reacquiring and redeeming the tokens — so they carry the economic value of the underlying position.

The Process
Four Steps.
Every one authorized.
1 · Originate

Source companies via YC, LatAm and US ecosystems.

2 · Authorize

Issuer agreement, ROFR waiver, cap-table notation, counsel sign-off.

3 · Tokenize

Transfer restrictions in the contract, not the paperwork.

4 · Distribute

Offshore to non-US investors under Reg S.

Competitive moat
Consent wins.
Competitors "benefit from company approval and cap table access that [the category leader] operates without."— Independent analysis of the category incumbent

Unconsented platforms cannot acquire consent retroactively. A company that has refused once is unlikely to reverse.

Why Now
~$32M → $1.4B
Tokenized equity, Jan 2025 → Jun 2026

Pre-IPO volume reached $544M by March 2026. The incumbents are structurally blocked from the consent model.

Business Model
Revenue at every stage.
LineStructure
Issuer engagement feeLate Stage: Fee upfront · Early Stage: % of exit
Platform & servicingRecurring fee + 0.5% on tokenized value
Registry & compliancePer issuer
Structure
Technology, not principal.
🇺🇸 Unblocks (US)

IP, team, software, administration, encumbrance registry. No balance-sheet securities risk.

🇸🇬 Unblockers Pte. Ltd.

Eligibility screening, listing, distribution. Issuer entity. Services Unblocks at no profit.

Team
Origination. Infrastructure.
The author of Reg S.
Paulo Camasmie
CEO

Founder at NAU Equity Group. LatAm/US origination, family-office distribution, regulatory execution.

Greg Magarshak
CTO

Founder at Intercoin. Audited smart contracts across 8 EVM mainnets. 15 years infrastructure.

Sara Hanks
Advisor

Drafted Regulation S at the SEC. Author of the leading practitioner treatise.

Status & Ask
Pre-formation.
Structuring memo in progressMulti-jurisdiction counsel opinionsFirst issuer conversations underway

Raising to fund legal clearance, licensing, and first cohort.

Unblocks