A compliant channel to international capital for high-growth private companies — and a path to liquidity for their early holders.
Can't reach international investors without bespoke legal work in every jurisdiction.
Founders, employees, and angels sit in illiquid positions for too long.
No straightforward, compliant way into US private companies.
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.
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.
Source companies via YC, LatAm and US ecosystems.
Issuer agreement, ROFR waiver, cap-table notation, counsel sign-off.
Transfer restrictions in the contract, not the paperwork.
Offshore to non-US investors under Reg S.
Unconsented platforms cannot acquire consent retroactively. A company that has refused once is unlikely to reverse.
Pre-IPO volume reached $544M by March 2026. The incumbents are structurally blocked from the consent model.
| Line | Structure |
|---|---|
| Issuer engagement fee | Late Stage: Fee upfront · Early Stage: % of exit |
| Platform & servicing | Recurring fee + 0.5% on tokenized value |
| Registry & compliance | Per issuer |
IP, team, software, administration, encumbrance registry. No balance-sheet securities risk.
Eligibility screening, listing, distribution. Issuer entity. Services Unblocks at no profit.
Founder at NAU Equity Group. LatAm/US origination, family-office distribution, regulatory execution.
Founder at Intercoin. Audited smart contracts across 8 EVM mainnets. 15 years infrastructure.
Drafted Regulation S at the SEC. Author of the leading practitioner treatise.
Raising to fund legal clearance, licensing, and first cohort.