We give high-growth private companies a compliant channel to international capital, and their early holders a path to liquidity. With issuer authorization on every deal.
Early-stage companies can't reach international investors without bespoke legal work in every jurisdiction. Their founders, employees, and angels sit in illiquid positions for too long. Global investors who want exposure to US private companies have no straightforward, compliant way in.
Other platforms build exposure without issuer consent. Over $1B in tokenized SpaceX orders was refunded in June 2026. OpenAI disavowed Robinhood's tokens. Both OpenAI and Anthropic voided SPV transfers.
With the company's authorization, holders encumber their equity and receive tradeable tokens. Releasing the encumbrance requires reacquiring and redeeming the tokens — so they carry the economic value of the underlying position. Sold only outside the US under Regulation S. Every position authorized by the issuer, recorded in our encumbrance registry, governed by an executed issuer agreement.
Companies raising capital 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 Regulation S.
Competitors "benefit from company approval and cap table access that [the category leader] operates without."— Independent analysis of the category incumbent
Consent is our moat, not overhead. Unconsented platforms cannot acquire it retroactively. A company that has refused once is unlikely to reverse.
The category's 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. No Investment Company Act exposure.
Eligibility screening, listing, distribution. Issuer entity. Services Unblocks at no profit.
Founder, NAU Equity Group. LatAm/US origination, family-office distribution.
Founder, Intercoin. Audited smart contracts across 8 EVM mainnets. 15 yrs infrastructure.
Drafted Reg S at the SEC. Author of the leading practitioner treatise.
Pre-formation. Structuring memo and multi-jurisdiction counsel opinions in progress. First issuer conversations underway.
Raising to fund legal clearance, licensing, and first cohort.