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Do you know that all public stocks today are legally owned by Cede & Co?

It originated from the "paper crisis" that happened in the sixties, when stock markets got clogged due to transactions happening faster than stocks could move 👀 

At the time, stock were only represented by "stock certificates" and 1 tx  involved 14 persons located in different buildings to update the underlying cap table.

It was so bad that they regularly increased the settlement time (went up to 5 days) and even sometime halted the stock market. In 1968, $4B of transaction failed (~3 days of trading volume).

It is at that time that the Central Certificate Service (CCS, the ancestor of the DTCC) was created, to reduce certificates movement by immobilizing them in a central entity. 

This is why today, the vast majority of public stocks are legally owned by Cede & Co, the nominee structure of the DTCC. This is the solution that was   found to prevent cap tables to be updated at every trade.

Now you know :)

The DTCC was the best solution for the 20th century, in 50 BS (Before Satoshi), today we can create a much better infrastructure for equity transactions, with real-time updated cap tables and instant settlement 🔥 

Coming soon to a blockchain near you!

Just for the LOL, one day I'll contact the Transfer Agents of all the public companies in which I own stock to ask them to send me stock certificates.

I say "for the LOL" because, once you receive your stock certificate, this is *literally* your shares. If you want to sell your shares, well, you need to physically transfer your stock certificate. So you'd better be long 😅

Stock certificate are cute... as long as you never want to sell 😅

Join us tomorrow for an interactive webinar with @joris and discover how Farcaster founders roll up investors to keep their cap tables clean.

Hosted Live on GatherTown. RSVP here: https://lu.ma/ly30d25r

building /fairmint 👉 fairmint.com 

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

Turns out the right time to IPO for cap table management tools was 2021... and that opportunity is NOT coming back 🤷 

The business opportunity for selling glorified spreadsheets has passed: https://techcrunch.com/2024/06/06/cartas-valuation-to-be-cut-by-billions-in-an-upcoming-secondary-sale/?guccounter=1

The cap table market is ripe for disruption... and it reflects in the valuation of the largest players 👀

GM founders!
Introducing investment frames 🖼️  💰 
Since frames were released, @joris and I wanted to build this!
Our 1st step towards making investing a farcaster-native experience 🔥 

https://slideframe.replit.app/QmbBY3GN5asXKxU1WeJcys1S6GaH7QPT2sVvq65kLj3FCv

Brought to you by the  @fairmint team 🚀

This baby is poised to make a come back 🔥

Tradfi got T+1 settlement? It’s not single-slot finality, but not bad!

Wait, we’re not counting blocks?

T+1 minutes? No?

T+1 hours? Still no?

T+1 days?!

Yeah, clearly no use cases for blockchains…

Tradfi just achieved T+86400 seconds for an equity transaction.
Yay 😬 

That's probably the best you can do when a single equity transaction involves 9 intermediaries 🙈

Thank you for the love 🥰 

We call it the 4 "F" rule: 
Founders on
Farcaster use 
Fairmint for 
Fundraising🔥 

... and there might be a new "F" coming soon :)

announcing: RWA happy hour at Farcon

free drinks, light bites and excellent vibes 

location revealed soon (it's just feet from the summit venue)

hosted by me, @bhaji @itsjawknee @wbb and sponsored by @centrifuge @fairmint Tradeable & Libeara

look forward to seeing you all IRL next week!

https://events.xyz/e8303129

Chill event at FarCon next week anyone? 😎 
Looking forward to meeting you all!

Finally 🎉 
It only took 5 years 🙈 
Can you guess which company we had to battle to get it through?

Investment frames are here! 
LFG 🔥 
https://warpcast.com/thibauld/0xd821291d

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.

Shout out to @joris and @fairmint team. They're doing an amazing job. A new conversion approach coming live soon cause I pushed some boundaries 😅 Upps

🚀 Thrilled to share: "Crowdfunding RWAs" panel with @joris , @fedepo , @tylersherwin hosted by @buildcities

Dive into how communities can compliantly fund their ecosystems, cities, lands. 🌱

📆 March 1st
⏰ 4:30 PM MT
📍 @ EthDenver

A protocol for economic development.

https://www.buildcities.network/

helping investors understand RWA's so they can front run the tokenization paradigm shift @rwaworld • i like to build things with cool people

As a founder, keeping control of your cap table is paramount!

Starting today, @fairmint lets you bundle all your investors into 1 line on your cap table 🔥 

@joris & I are at ETHDenver, ping us and we'll get you rolling 😁 

https://slideframe.replit.app/QmcJCfszUSSdE5X24tKuVCdcjsb3TchpUYUcfPLmJ6RLaJ

Congrats to @thibauld and the @fairmint team on today's launch!!

Not only is this an awesome example of a traditional process (fundraising) made better by bringing it onchain

It's also an incredible team that's given consistent instrumental feedback as we've built Privy 🥹

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