Fairmint

$1B+ in equity is now onchain with @fairmint . The spreadsheet era is ending. Programmable equity is here, paving the way for regulated DeFi. 🧵 Full story below 👇

The institutional layer of this market will not be built in headlines. It gets built in rooms where serious operators can compare notes honestly. That was the point of last night’s Canton Select Private Gathering. Hosted by @Fairmint and The RWA Desk, with support from @obsidian_llc, we brought together senior leaders across capital markets, digital assets, and market infrastructure to talk about the institutional layer being built around the @CantonNetwork. Strong turnout. High-signal conversations. Exactly the kind of room this market needs more of. Thank you to everyone who joined us, and to Obsidian Systems for supporting the evening.

Most founders accept broken cap tables and zero liquidity as part of the game. I never thought that was good enough. Before @Fairmint, I kept seeing the same two problems again and again as an operator and angel investor: getting people onto a cap table was too complex, and once they had exposure to a private company, liquidity was too opaque and too far away. After I exited my previous business, I kept coming back to one question: how do we expand access to the financial upside of private companies without adding even more friction? That question is what brought me to the US. That question is what led @thibauld and I to start Fairmint. The technology came later. The original problem was ownership, access, and liquidity. Seven years later, I still think that is the right problem to solve.

Private markets still treat wealth as a proxy for sophistication. That standard is overdue for a rethink. Knowledge-based accreditation is a better path to broader access. @Fairmint laid out that case earlier this year in a letter to the SEC. fairmint.com/press/were-ask…

Why do outdated ownership records and the equity transfer process create a market structure problem, not just an administrative one? In this clip, @chad_oda, our Head of Institutional Growth, interviews our CTO, @thibauld, on one of the core bottlenecks in private markets. Companies stay private longer. More value is created before IPO, and more transactions happen in private markets. But the infrastructure to move ownership is still fragmented, manual, and expensive. That is why this is bigger than paperwork. If equity cannot move cleanly, the market itself stays inefficient. It is also why @Fairmint has spent so much time focused on the cap table and the rails underneath it.

One thing I’ve learned building at @Fairmint: the wrong debate is permissioned vs. permissionless. These systems solve for different constraints. Institutions need privacy, control, and compliance. Open networks unlock programmability, composability, and 24/7 markets. The real opportunity is not picking a side. It is building the bridge between them. That is when onchain finance starts to become real infrastructure.

Arianna Pretto-Sakmann, @Fairmint’s General Counsel, captured something important in this clip. From the beginning, we never wanted to build around securities law. We wanted to make equity work onchain inside the framework that already governs capital markets. For a long time, too much of crypto treated the word “securities” like something to avoid. I believed the opposite. If this technology is going to matter, it has to handle real ownership, real transfer restrictions, and real accountability. That’s why we built Fairmint the way we did, and why we became an SEC-registered transfer agent. Private markets do not need more theater. They need better rails.

@WORTHYfutures 🤝

That’s exactly why I was attracted to @fairmint because they went all the way to becoming an SEC-registered transfer agent. Private markets don’t need more theatrics, they need better infrastructure.

In this clip, Arianna Pretto-Sakmann, Fairmint’s General Counsel, explains a principle that has shaped Fairmint from day one: bringing equity onchain within the existing securities framework. Fairmint was built around the idea that better market infrastructure should work with the rules that govern capital markets, not around them. That principle continues to shape the company today. As an SEC-registered transfer agent, Fairmint is building infrastructure to issue, manage, and transfer equity onchain. Private markets need better rails: better recordkeeping, better auditability, and better transfer infrastructure.

Tokenized wrappers prove demand. They don’t fix the rails. Private markets change when equity becomes easier to operate, not when the narrative gets louder. That’s the real unlock. That’s what we’re building toward at @Fairmint.

Today is Demo Day for @BTCFiNetwork. 7 teams in this cohort raised capital and brought their cap tables onchain from day one with Fairmint. We’re proud to support the founders building in this cohort. Thanks to @BTCFiNetwork, @DraperVC, @TimDraper, @maxime_bucaille, @DraperDragon, @Andytang, @thesis_co, and @mhluongo for partnering with Fairmint. Good luck to all the teams pitching today. globenewswire.com/news-release/2…

One rule change helped reshape where value gets created. In 2012, the JOBS Act raised the threshold from 500 to 2,000 official shareholders on the books before a private company got pushed much closer to public-company reporting. That sounds technical. The effect was not. It gave late-stage companies far more room to stay private longer. So more capital formation stayed private. More liquidity moved into secondaries. And more upside was captured before public investors had access. Private markets evolved quickly. But the infrastructure behind ownership, compliance, and transfers did not. That is the gap @Fairmint is focused on closing by building better rails for private markets and equity onchain.

Microsoft went public at around $800M. Today, public investors often arrive after most of the upside is gone. That tells you a lot about what changed in private markets. Companies stay private longer. Secondary markets keep growing. More of the value creation happens before the public can participate. At @Fairmint, we see this as an infrastructure problem as much as a policy one. Private markets got bigger, more liquid, and more sophisticated, but ownership records are still fragmented, compliance is still too manual, and transfers are still too expensive. If we want broader access to financial upside, private-market rails have to catch up.

Most cap table tools help track ownership. Private markets need more than that. In this interview, Fairmint’s co-founder and CTO, @thibauld, explains a core issue in private markets today: recordkeeping is not the same thing as market infrastructure. Tracking who owns what is only the starting point. The harder problem is enabling equity to move through issuance, transfers, and compliance-aware workflows with far less manual friction. That is why Fairmint has spent years building the rails beneath the cap table. And as private markets continue to mature, that progress cannot stop at company-side workflows alone. The market will also need stronger buy-side infrastructure over time. That is how private-market equity becomes more operational, more legible, and better suited for modern capital markets.

Private markets have grown into a major part of the capital markets, but much of the infrastructure behind them still relies on spreadsheets, PDFs, and manual processes. In @Joris_DLN conversation with @FINTECHTVglobal at DAS 2026, one point stood out: as private companies stay private longer and secondary activity grows, the market needs better rails for ownership records, transfers, and compliance. Fairmint is building infrastructure for private markets and equity onchain so these workflows can become more transparent, programmable, and operationally efficient. Thanks to @RemyBlaireNews & FinTech TV for having us.

@RwaLlama @Securitize @SuperstateInc TAs shouldnt depend on electronically centralized system, they should be the system :) youtu.be/j_QFck95Ccs?si…

The market keeps pricing "RWA issuer" as the interesting slot. The economics say "RWA transfer agent" is the slot. @Securitize and @SuperstateInc are running the same playbook with two different brand customers. Watch the next AM announcement from either. 🦙

Invesco just joined @SuperstateInc's $82.5M Series B and is taking over as investment manager of USTB in Q2. First external asset manager on Superstate's tokenization + transfer agent infra. The deal looks like capital. The real story is what Invesco chose not to build. 🧵

Same era. Completely different infrastructure. Public-market institutions are moving toward interoperable, automated, and programmable rails. Private markets still rely on offchain cap tables, manual compliance, and fragmented transfer processes. That gap is one of the core infrastructure problems in private markets. Fairmint is focused on solving it by bringing cap-table administration onchain and building the infrastructure that helps equity move on modern rails. If the ownership record stays offchain, equity cannot move end to end onchain.

Proud to see Fairmint co-founder and CEO Joris Delanoue featured in the @CantonFdn’s Meet the Board spotlight. @Joris_DLN serves as General Director of the Canton Foundation, helping represent the builder perspective alongside leaders from market infrastructure, banking, digital asset firms, and protocol operators. x.com/CantonFdn/stat…

Meet our CEO, @Joris_DLN as he is at @semafor World Economy, this week in Washington DC.