The Onchain Revolution: Securities Will Follow the Cloud’s Path

A decade ago, businesses moved from costly private infrastructure to the cloud. 

Blockchain is on the same trajectory: The shift is inevitable. All equities will be onchain. It may take a decade, but the future is clear.

The question isn’t if, but when... and Fairmint is building it 🚀

fairmint

2024 was for building.
2025 is to make onchain equity take off 🚀

2024 was for building.
2025 is to make onchain equity take off 🚀 
https://www.youtube.com/watch?v=GXwf5CBirZc

building /fairmint 👉 fairmint.com 

Help founders keep their cap table clean with investment roll up! Bundling investors into 1 line on the cap table 🚀

& it reminds me of the pre-covid, Boost VC Tribe 13 @fairmint with @thibauld 🚀🚀🚀

Good morning, San Francisco! 🌁

Karl the fog is always so welcoming 😅

I’ll be around this week, so feel free to ping me if you’re in the area, I’d love to catch up or grab a coffee. 

Let’s make things happen! 🚀

If you're in SF this week, @joris is in town!

When it comes to executing equity investments, it's hard to beat the ease of using stablecoins... both from the investor perspective and the founder perspective! 
😌 💰

Fairmint banner updated!
Long live the new /fairmint channel 🤗

equity

A great article from 2013 from Scott Kupor guest posting on @pmarca 's blog. Scott Kupor has a compelling argument that the progressive reduction of the "tick size" (the minimum increment in which stock prices can trade) has had a profound negative impact on small cap IPOs.

This argument makes sense: the tick size of a stock should be inversely correlated to its liquidity.
* The more liquid the stock, the smaller you want the tick size -> higher price definition, favoring retail investors and HFT.
* For less liquid stocks, you want a larger tick size -> more interesting for market makers to trade the stock and increase its liquidity.

Once we put equity onchain, we have programmable equity (cc @fairmint 🔥 ) and markets where the tick size could be a function of the liquidity.

What is sure is that innovation in that field will come from the private market. Public markets are way too regulated to welcome any innovation at this stage.
https://marcstaging.wordpress.com/2013/03/26/unshackle-the-middle-class/

Founders

co-founder at fairmint.com.
If you're a FF (Farcaster Founder) raising funds, stop right here and checkout fairmint.com. Or DC me :)

Working full-time in crypto since 2016, I started my 3rd startup at 38: @fairmint 🔥 

For Fairmint, we teamed up with @joris, a previous entrepreneur with scars and crazy stories. We knew each other from France and knew what we wanted and did not want.

Before teaming up, we went on a one-week retreat in Connecticut to ensure we were aligned and complementary: What is our non-bullshit story in every detail? What lessons did we learn? How do we like to work? What motivates us? What do we expect from Fairmint (which had no name at the time)? How are our strengths complementary? What are our core values, and are they compatible?

After spending a full week in the same place, we knew we were a good team and decided to go for it 💪 

It's now been 5 years of ups and downs, of hard decisions, of hard talks but also of laughter, of jokes, of many coffees (no beers at Fairmint... only coffee!) and we're still here, growing and strong, focused on the mission 🚀

A great co-founder 🤗

Fairmint streamlines fundraising and cap table management, saving founders time and money with seamless funding round closures and automated cap table management. Backed by Fairmint TA, an SEC-registered Transfer Agent, it ensures compliance from incorporation to IPO, simplifying the journey to liquidity with trust and efficiency.

That's it. That's the cast 😄

Absolutely! 
Tokenizing equity is a dead end because equity lives on cap tables that are offchain, in private databases (at best!). The right to make onchain equity work is to actually put the entire ecosystem onchain: investors, issuers... and cap tables 🚀

Creating a customized S-1 application for tokens is an interesting direction (at least the SEC is proposing something) but it seems totally inapplicable just by the mere fact that S-1s require SEC approval. Even worse: this implies that all tokens would be treated as securities... which is both false and wrong. 

The first step for the SEC should rather be to create an exemption framework to enshrine the concept of progressive decentralization allowing builders of decentralized networks to *compliantly* issue value accruing non-security tokens once their network is sufficiently decentralized.
https://x.com/TheBlock__/status/1830855705005363509

The idea voiced by the SEC commissioner to create customized S-1 forms for tokens seems not only unapplicable but it also fails to address the real issue when it comes to issuing tokens.

The idea voiced by the SEC commissioner to create customized S-1 forms for tokens seems not only unapplicable but it also fails to address the real issue when it comes to issuing tokens.
https://warpcast.com/thibauld/0xfbb7a338

August has been the best month on record for @fairmint 🔥 🚀 

If you're fundraising right now, check Fairmint out! We have the perfect solution to streamline all your angel investments.

The best way to bundle your investors into 1 line on your cap table & streamline your fundraising. Checkout https://fairmint.com to simplify your fundraising.

If you're in an early stage crypto company, a post-money SAFE+ Token Warrant has become the default for early stage fundraising 💰

GM to all the founders labour on Labour Day 🤗 💪

It may be the middle of August but builders keep building! 💪

One of Fairmint's most-loved feature: Personalized investment links for investors.
Tailor your fundraising by:
* Setting specific investment amounts
* Offering pro-rata rights or warrants selectively
* Requiring manual reviews or ID verification
* Seamlessly guiding investors from signing docs to funding your crypto wallet or bank.

Just send the link and let Fairmint work its magic!

At the earliest stage of your company, avoid spending on non-core activities. For early-stage fundraising, skip lawyer fees: use standard fundraising documentation.

With Fairmint, you can set up a fundraising round using standard YC SAFE docs in minutes, for free!

Create your fundraising round in a few clicks: https://one.fairmint.com

Do you want to let your community at large participate in your success?

Fairmint is the best tool for community offerings, allowing you to market your fundraising round on social media or via an 'Invest Now' button on your site. 

Let your supporters invest in you! 
Go live today: one.fairmint.com

Let's try this "streak" feature, shall we?

1 cast per day on /fairmint to showcase how Fairmint can make your founder life a lot easier!