With issuer authorization on every deal.
We give high-growth private companies a compliant channel to international capital, and their early holders a path to liquidity.
The full picture, in two formats.
Three parties, no compliant path between them.
Other platforms build exposure without consent. Over $1B in tokenized SpaceX orders was refunded in June 2026. OpenAI disavowed Robinhood's tokens. Both OpenAI and Anthropic voided SPV transfers.
Consent-based tokenization, end to end.
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.
Consent is our moat, not our overhead.
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. We start where the incentive is aligned.
The category's incumbents are structurally blocked from the consent model.
Revenue at every stage of the relationship.
| 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 |
Technology and infrastructure, not principal.
Origination, infrastructure, and the author of Regulation S.
Founder at NAU Equity Group. LatAm and US origination, family-office distribution, regulatory execution.
Founder at Intercoin. Audited smart-contract library across eight EVM mainnets. Fifteen years of technology infrastructure.
Drafted Regulation S at the SEC as Chief of the Office of International Corporate Finance. Author of the leading practitioner treatise.
Pre-formation. Building the legal and regulatory foundation.
Multi-jurisdiction counsel opinions in progress. Raising to fund legal clearance, licensing, and first cohort.