We Bring Equity Onchain
New York
Joined October 2018
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Fairmint retweeted
Most tokenization platforms are building on top of Wall Street's existing infrastructure.
We're building another path alongside it.
A Nasdaq-listed company's CFO gave our CEO @Joris_DLN a pretty interesting analogy to explain the difference 👇
Add ownership fragmentation to the list.
Two tokens tracking NVDA can represent completely different rights.
We need common standards for onchain equity ownership, not just more ways to trade exposure to the same stock.
Tokenized equities are so fragmented by issuers and liquidity.
One company (E.g., NVDA) can have 5+ wrappers , each with different underlying structure , trading hours and live on different chains.
If I traded stock and wanted to buy a tokenized stock onchain, I would find it confusing too.
We still have a lot of room to improve.
Fairmint retweeted
Leaving Pulley just to outgrow your next provider? yeah, let's not do that 💀
fairmint.com/pulley/
Fairmint retweeted
Three institutions. Three records. Same shares.
Your broker tracks your holdings.
Your custodian tracks the shares it holds.
The issuer tracks registered shareholders.
But owning shares through a broker doesn't mean your name appears on the issuer's register.
Big difference.
Fairmint retweeted
18 ways to get Tesla exposure onchain.
And none makes you a directly registered Tesla shareholder.
Pretty important detail when we’re calling it “holding Tesla.” 👀
18 ways to hold Tesla onchain. 🐘
Every tokenized TSLA product tracked by @tokenterminal, ranked by onchain value, with issuer, chain, holders and 30-day DEX volume.
$138.7M in onchain value across 16 issuers. xStocks leads on value at $71.1M. Coinbase leads on 30-day DEX volume at $111M.
Most tokenization platforms are building on top of Wall Street's existing infrastructure.
We're building another path alongside it.
A Nasdaq-listed company's CFO gave our CEO @Joris_DLN a pretty interesting analogy to explain the difference 👇
The next evolution of stocks should benefit both sides of the cap table.
More access and liquidity for investors, but also better ownership infrastructure, capital formation and shareholder servicing for issuers.
That's the future we're building toward at Fairmint.
Fairmint retweeted
Temple’s 30-day trading volume hit $757M, up 180.4% from the prior period.
Fairmint and Blockworks proposed a shared, private data feed for Canton dApps.
Meritz Securities signed with Canton Foundation to tokenize Korean assets.
Full breakdown from @Tokenoya.
From Wall Street giants to DEXs climbing the global rankings, @CantonNetwork is growing on pretty much every front 👀
• DTCC unveils tokenization plans
• First OTC swap with S&P Dow Jones
• Temple hits $641M in volume
• Fairmint x Blockworks data proposal
Week 42 🧵
Fairmint retweeted
“Do you know what you're buying?”
That's the question our CEO @Joris_DLN raises about tokenized stocks.
Some give you direct ownership of shares. Others give you financial exposure through layers of intermediaries.
The problem is when investors don't know the difference. 👇
We can debate which blockchains should qualify for tokenized stocks
but moving tokens onchain doesn't automatically transfer legal ownership of shares.
To move actual equity onchain, you need the Transfer Agent layer onchain.
🚨🗞️NEW: SEC's Tokenization Exemption Sparks Questions Over Which Blockchains Qualify
Canton, Ethereum L2s and a big question for the SEC: What actually counts as public and permissionless? Plus, more companies object to having their shares tokenized.
cryptoinamerica.com/p/secs-t…
Fairmint retweeted
Permissioned or permissionless, without the Transfer Agent layer you're moving tokens, not necessarily transferring equity
we can argue all day about which blockchain should qualify. I'd rather make sure the shares themselves can actually move onchain.
The SEC's tokenization exemption has a big open question: what counts as a "public, permissionless" blockchain? 🤔
The first 3 tokenized stock venues:
TSV LLC on @CantonNetwork
OKXICE on its own @Ethereum L2
Kephas Corp. on its own @Ethereum L2
Who wants what:
@SolanaInstitute , @malekanoms and @lex_node want it tighter
@hedera wants it wider
@SIFMA wants clarity
@BetterMarkets wants it scrapped
Meanwhile, 22 of 62 companies have objected to having their shares tokenized on OKXICE.
The rules for onchain stocks are being written right now & this graphic is a busy one!!
Via @CryptoAmerica_ @EleanorTerrett.
