Ecosystem @fairmint | Building the onchain equity market | ex-@EYnews | Capital markets & @CantonNetwork
New York, USA
Joined August 2023
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New chapter 🫡
I’m joining @fairmint as Ecosystem Manager!
After spending the past year deep in onchain capital markets, one thing has become pretty clear to me:
Equities are moving onchain.
Really excited to now work on exactly that at Fairmint, while continuing to build across @CantonNetwork and the broader capital markets ecosystem.
Huge thank you to @marwanelr and the entire @Avicenne_Studio team for an incredible year 🙌
And thanks @Joris_DLN & @thibauld for the trust. Excited for what’s ahead!
If you’re building in this space, my DMs are open.
Let’s build!
"everybody will be hacked at some point. perfect security doesn't exist"
that's Ledger's CEO, a few days ago… and 2026 proves it:
• $6B+ Binance hack
• $90M lost through tampered Ledger devices
• Mercado Bitcoin drained for $49M
in total almost $8.7B stolen this year, already the worst year ever for hacks
with crypto, a hack or a lost key usually means your money is gone
with a real tokenized share, the asset is your ownership in the company, and that's recorded in the official shareholder register
so if your wallet gets hacked or you lose it, you just prove who you are to the transfer agent, and your shares get reissued to a new wallet 🤷♂️
so… would you rather own your keys or own your shares?
"It is tied to you, not tied to a key somewhere."
Our CEO @Joris_DLN on the difference between cryptocurrencies and crypto securities, with @LongViewCrypto.
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Brice Noyal retweeted
The first tokenized US stock just traded legally, with the same rights as the Nasdaq version.
Would you rather own your shares as a token, with faster settlement and the potential to trade anytime, or stick with the traditional system? What would it take for you to trust tokenized stocks with your savings?
@fairmint
Brice Noyal retweeted
4 venues filed, 1 live, on @CantonNetwork.
powered by @fairmint 🤝
4 Tokenized Securities Venues have filed with the @SECGov
here's everything we know about them so far:
1. TSV LLC | by @aliabrar & @RyanTrinkle
- chain: @CantonNetwork
- trading platform: @tradecraftfi AMM
- stocks: 1 ($CNTN)
- tokenization model: issuer-sponsored via @fairmint
- launch timeline: live, first trades nov 4
2. OKXICE TSV | by @OKX × @ICE_Markets
- chain: @XLayerOfficial
- trading platform: @Uniswap v4 pools
- stocks: 67 objected. 6 names stayed: $BTGO, $COIN, $CRCL, $HOOD, $SECZ, 4MSTR
- tokenization model: Security Entitlement
- launch timeline: could launch since Nov 3
3. @Perpetuals_com | by Kephas Corp
- chain: Kronos X Public (its own L2)
- trading platform: its own permissioned AMM
- stocks: none named yet
- tokenization model: not stated
- launch timeline: could operate from Nov 13
4. @formation_so | by Valcrest, Inc
- chain: @solana
- trading platform: @orca_so AMM
- stocks: 3 ($GLXY, $EXOD, 4FWDI)
- tokenization model: issuer-sponsored via @Securitize and @SuperstateInc
- launch timeline: early 2027
Brice Noyal retweeted
If this someone is an issuer, I would send them the OCP whitepaper
it's the easiest way to understand how your shares can move onto an official onchain register on Canton
Solana launched Privacy Rings on nov 10
two days later DTCC announced it's coming to Solana's L1... timing is interesting 👀
quick context for anyone not following Solana privacy:
1/ Confidential Balances hide amounts and balances, but everyone still sees which wallets are involved
2/ Privacy Rings encrypt assets and amounts, and the institutional version (Custom Rings) can hide counterparties too (still in audit for now)
3/ Contra lets institutions trade in a private channel and only settle back on Solana
do any $SOL folks know which one DTCC will end up using?
or do the biggest banks just trade from registered wallets on a public ledger without privacy at all?
DTCC, which holds $114T in custody, is connecting its tokenization service to @solana.
Eligible DTC-custodied securities could be tokenized on Solana from H2 2027, keeping the same investor protections and ownership rights.
onchain.fm
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Brice Noyal retweeted
the whole tokenized stock market is ~$4B right now.
the day one big public company puts all its shares onchain, whatever chain it picks becomes #1 overnight, by far
that's how early we are
On the first day of this year, Ethereum held 58% of all tokenized stocks.
Today it holds only 18%.
The interesting thing to know is that ethereum didn't shrink. It grew 2.1x, from $342M to $726M but the market grew faster without it.
The new king rn is @BNBCHAIN. It moved from $38M to $1.70B and from 6% of the market to 42%.
Here's how the chains changed hands in ten months.
- @BNBCHAIN: 6% → 42%
- @ethereum: 58% → 18%
- @solana: 33% → 16%
- @XLayerOfficial: 0% → 8.4%
- @RobinhoodCrypto Chain: 0% → 3.8%
Ethereum built the whole tech, but exchanges brought the customers.
Distribution is key.
Brice Noyal retweeted
On Nov 4, $CNTN became the first issuer-sponsored tokenized U.S. stock to trade under the SEC's Innovation Exemption.
Next week, our CEO @Joris_DLN breaks down how it worked and what it means for issuers. Live Q&A.
Nov 18, 11am ET
Register:
events.zoom.us/ev/Arfl1clQcs……
On Nov 4, $CNTN became the first issuer-sponsored tokenized U.S. stock to trade under the SEC's Innovation Exemption.
Next week, our CEO @Joris_DLN breaks down how it worked and what it means for issuers. Live Q&A.
Nov 18, 11am ET
Register:
events.zoom.us/ev/Arfl1clQcs…
this was us on nov 4, right after the first $CNTN trades went through 🎉
want to know how it actually happened?
@Joris_DLN walks through it live next wed, nov 18 at 11am ET, with Q&A at the end 👀
register here 👇
events.zoom.us/ev/Arfl1clQcs…
first time in the US and this was the welcome lol
still can't get over how fast it's all moving...
october: Nasdaq puts us on the big screen in Times Square as first Onchain TA
november: the first issuer-sponsored tokenized U.S. stock trades onchain, powered by @fairmint 👀
with $4M daily DEX volume...
hope nobody wants to sell their shares lol
Tokenized funds from Franklin Templeton, Apollo, and others already live on Aptos. Tokenized equities are in line to join them.
@Bullish plans to extend its equity tokenization services to Aptos, one of its initial network partners.
More via @TheStreet: thestreet.com/crypto/innovat…
Brice Noyal retweeted
A new Canton developer toolkit has funding approval.
@fairmint’s 3.5M $CC Privy proposal passed, with up to 2M CC tied to independent adoption and maintenance.
The plan connects Privy-managed keys to Canton transaction signing.
cantonnews.org/fairmint-wins…
first tokenized U.S. stock trade under the SEC exemption happened Nov 4.
next week @Joris_DLN breaks down how it worked:
what the exemption allows, how holder rights stay intact, and the $CNTN trade from verification to settlement...
issuers and venues, register here 👇
On Nov 4, $CNTN became the first issuer-sponsored tokenized U.S. stock to trade under the SEC's Innovation Exemption.
Next week, our CEO @Joris_DLN breaks down how it worked and what it means for issuers. Live Q&A.
Nov 18, 11am ET
Register:
events.zoom.us/ev/Arfl1clQcs…
Brice Noyal retweeted
I’ve spent 8 years building @fairmint discussing & educating people who come from the permissionless crypto world on one simple point:
crypto-securities are not unregulated markets.
Most days it’s the basics. Less often we go into the details 👉 but those details are fundamental.
This time @YuvalRooz did the heavy lifting: a clear breakdown of why the memecoin XP & learnings are actually a useful warning for securities markets as they move onchain (whether you like memecoins or not ;-) )
That's a good one to read 👇
the person buying a tokenized stock won't care about blockchains.
they'll care that the price they clicked is the price they got...
for anyone not familiar with MEV: bots spot your order before it settles, jump ahead of you and sell it back to you higher.
onchain equity has to make that impossible.
good thing Canton was built so nobody sees your order before it settles 🤷♂️
Brice Noyal retweeted
ever wondered about what the people bringing capital markets onchain are actually working on?
That’s exactly what we’re bringing with @onchaindotfm 🔥
Why did we acquire The RWA Desk?
To connect the infrastructure we're building at Fairmint with the institutions, investors and builders shaping onchain capital markets.
The RWA Desk is now @onchaindotfm, and we're taking that mission further.
The story behind it 👇
fairmint.com/blog/introducin…
genuine question for the $AVAX folks: if NYSE runs on dedicated infra, how does that benefit the wider ecosystem?
haven't really used this network since 2021 DeFi lol so I'm not fully up to date...
on Canton, private networks still connect through the Global Synchronizer and burn $CC since Universal Burn passed.
is there something similar on avalanche?
NYSE picked @avax technology as the core ledger for clearing on its planned tokenized securities platform 🏛
It will use dedicated infrastructure, not the public Avalanche network.
Regulatory approval is still pending.
onchain.fm
Brice Noyal retweeted
« The opportunity is much bigger than one stock: bringing public equity markets onchain. »
THIS.
@fairmint
when they bring a box and ask you to choose your knife, you already know the meat is gonna be crazy haha
4 venues filed.
do I really need to say which one is live? 👀
4 tokenized securities venues have now filed notices with the SEC.
Here is where each one stands:
TSV LLC: live since Nov 4 on @CantonNetwork, trading $CNTN through Tradecraft AMM, issuer-sponsored via @fairmint
OKXICE: can operate from Nov 3, @okx × @ICE_Markets on @XLayerOfficial, 6 stocks in @Uniswap v4 pools
Perpetuals.com: can operate from Nov 13 on Kronos X, its own L2, with no stocks named yet
@formation_so: early 2027 on @solana with @orca_so, issuer-sponsored via @Securitize and @SuperstateInc.
Credit @HarryTran_RWA.
