Permuto Capital

Permuto Capital redefines stock ownership for all investors. forbes.com/sites/digital-…

Read more: permuto.capital/2026/03/for-th…

The latest developments - after months of working with the SEC, only a few steps remain before launching the Microsoft Trust. Read more in our latest blog, linked below.

@nichxbt @GeneralDeeez @hoffmang Let us know how we can be helpful. We just launched a product a few days ago.

@GeneralDeeez @hoffmang @permutocapital tap in @hoffmang @permutocapital lets build

Exciting news and updates - while the timing has adjusted a bit, our filing process continues with expanded opportunities. Under SEC guidance, we're converting from a '33 Act filer to a '40 Act filer. Read more in our latest blog, linked below.

@cheherst @SlowestTimelord Technically speaking, we are a publicly traded partnership for tax purposes. We aren’t doing anything too special on the tax side and are abiding by current existing laws (not looking for a private letter ruling like the Americus Trusts were).

Thank you for this insightful article. I found it very informative. I'm curious whether Permuto Capital will be recognized as a grantor trust or if it will follow a similar path as Americus Trust, which was closed after being classified as an association taxable as a corporation 🤔

Separating a stock into dividend and asset component isn't a new idea -- Americus Trusts did it in the 1980s and although they were popular, they ultimately failed. Let's dive into its history and what it might tell us about @permutocapital 🌱 xch.today/2025/08/10/unb…

@DracattusDev @chia_project We received comments from the SEC on our last registration statement and these are the updates in response to those comments.

@chia_project @permutocapital Didn’t they do this a bit ago? Is this another new one?

Today @permutocapital submitted amended registration statements for the proposed MSFT, AVGO, and AAPL Trusts.

@sama9526 @SuperTechBros64 @chinaesq @SlowestTimelord ETFs are not the same thing regulatorily as what we are doing. We cannot, and do not want to, use the same regulatory structure as an ETF. That is why our process is different.

Main takeaways from the 5th @permutocapital amendment: - Each shares gives 100 ACs and DCs (likely due to minimum distribution requirements on NYSE American guidelines for investment trusts) - Details on interplay of trading between DTC and Chia, e.g. certificates may continue trading on-chain even if there is trading halt on NYSE American or pause on issuance/redemptions. - Added that dividend distribution is subject to (up to 5 days of) processing delay - "The Trust has no intention of listing, quoting, or having trading approved on any other exchange, market, or quotation system besides NYSE American as a national stock exchange for Certificates held on DTC and the Chia blockchain for Certificates held in digital form as a CAT." and trust won't recognize the certificates bridged off-chain. - Highlight potential and impact of fee pressure. - Added section on Offer Files and its peer-to-peer bulletin board style trading - There are still blanks to be filled in, this isn't the last amendment.

Change the way you view retirement saving. We are defining the new gold standard of saving.

@H9_Pool @chia_project ACs/DCs do not have a minimum of $25,000 to invest. Anyone will be able to invest by purchasing an AC or DC in the secondary market (I.e. on an exchange or through the Chia Blockchain). The $25,000 is a minimum size threshold to create new units or redeem units for the underlying

What are the Permuto Capital AC/DC trust products that are riding on the Tokenized Stocks wave? Permuto Trusts is working on offering innovative financial tools known as AC/DC trust products, which allow investors to split a stock into two components: Dividend Certificates (DC) for dividend income and Asset Certificates (AC) for capital appreciation. These products are managed through a trust structure and can be held in traditional form via the Depository Trust Company (DTC) or as digital tokens on the Chia blockchain, enabling 24/7 trading. While many may view the sale of these new products as a promising opportunity for CNI's profitability, it is equally important to recognize the valuable advantages they present for XCH holders. So what can they be used for? These products provide an excellent opportunity for investors who want to customize their investments. If you are seeking regular income, you can purchase DC to receive dividends without worrying about fluctuations in stock prices. For those anticipating a rise in a stock's value, purchasing AC allows you to focus on price growth while disregarding dividends. This flexibility can also assist in managing risks, such as reducing exposure to stock price declines by holding only DC. Additionally, AC/DC trust products create new investment opportunities for individuals who have not previously engaged with the U.S. stock market. Retail investors can directly buy U.S. equities, even just a fraction of a high-value stock, rather than holding U.S. Treasuries through a fund, as is the current practice. The potential for portfolio diversification is significant, especially for institutional investors or accredited individuals with a minimum of $25,000 to invest.

We’re thrilled to announce that today @permutocapital submitted amended registration statements for the proposed MSFT, AVGO, and AAPL Trusts.

Join @trenttmartensen and @hoffmang tonight to discuss our recent blog.

Our new blog, “A Feature, Not a Bug” outlines the unintended consequences of Index ETF investing at scale. Let us know what you think and join us for a spaces tonight to discuss. permuto.capital/2025/06/a-feat…

Take a look at Trent's new blog describing the different pockets of demand for our trusts.

If you are interested in learning more about the innovative asset class we are building by allowing investors to separately invest in the dividends and assets of the largest firms in the world, a good place to start would be both of Gene Grant II Forbes articles (forbes.com/sites/digital-… and forbes.com/sites/digital-…) or our most recent press release featuring all three draft S-1 documents for the trading of AAPL, MSFT, and AVGO (permuto.capital/amended-regist…). We are excited to continue our innovation of the financial sector and look forward to enabling investors around the world to invest in their favorite companies in new and innovative ways.

@Qreal10 @chia_project The Chia Blockchain is a permissionless peer-to-peer system. If you can find someone to give you leverage or to take part in the other side of a derivative transaction with you, I do not see why it couldn’t exist.

@chia_project @permutocapital Will it be possible to trade derivatives or use leverage with stocks on chia blockchain?

We’re thrilled to announce that today @permutocapital submitted an amended registration statement for the proposed MSFT trust, as well as additional registration statements for its novel equity product to create single stock trusts for AAPL and AVGO, respectively. Read the announcement of the filing to get more details: businesswire.com/news/home/2025…

Don’t forget to join us for the Permuto Capital AMA tomorrow, Friday, Jan 17th at 12:00 PM PST (20:00 UTC) chia-net.zoom.us/j/83918953822

Our evening spaces x.com/i/spaces/1dRKZ…

Our morning spaces x.com/i/spaces/1mnGe…

Confused about the new financial product from Permuto Capital and @chia_project? I was too. After digesting the S-1 and asking a lot of questions, here's my understanding of it. Check out the links at the end for more explainers. xch.today/2025/01/15/per…