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 👇

Thank you to our DAS NYC 2026 Ruby Sponsors! @eigencloud @fairmint @Grayscale @LMAX @Lombard_Finance Be sure to catch these teams onsite next week in NYC!

Last night’s Canton & Capital Markets dinner in NYC was a great success. Together with @cantonstrategic and The RWA Desk, we convened a highly curated room of executive-level stakeholders, senior executives, and capital allocators for a direct conversation on one question: how does institutional issuance actually scale from here? The discussion made one thing clear: tokenization has moved beyond proof-of-concept. The conversation is now about where issuance lives, which standards become default, and what operational infrastructure is required to move real volume onchain. Thank you to everyone who joined us for a high-signal evening of conversation, perspective, and connection.

Private markets never got the infrastructure upgrade public markets did. Public markets spent decades standardizing ownership. Private markets still rely too often on spreadsheets, PDFs, and fragmented workflows. Putting equity onchain isn't about novelty. It's about better rails for issuance, registry, and settlement. Fairmint has already brought more than $1B onchain. We're still early.

If you want to transform your organization, simply handing your team AI tools is a trap. Without standard processes, "using AI" means something completely different to every single person and instead of 10x productivity, you just get confusion. Last year I got obsessed with making @fairmint an AI-powered company. At first, I used AI extensively to learn how to craft complex production-ready code in a systematic, repeatable way. Then, I started drafting a framework that I could share with the team and train new hires on. It started with our dev team, expanded to our product team, and we keep improving it collectively every single week. For those of you interested, here's @fairmint playbook on how to treat AI as the Lead Developer👇

On the All-In podcast, Paul Atkins outlined a proposed sophisticated investor test that points to a better direction for private-market access. That is a direction we agree with. On February 5, 2026, Fairmint submitted a proposal to the SEC arguing that people should be able to invest in private companies based more on what they know and do, not just on income or net worth. The current accredited investor framework still treats wealth as the main proxy for sophistication. But wealth alone does not tell you whether someone understands dilution, liquidity risk, governance, or long holding periods. Knowledge, experience, and informed consent are better standards. Our February proposal argued for two paths: knowledge-based accreditation and issuer-specific access for people with a real relationship to a company. Investor protection matters. Access matters too. Private markets should not stay closed to people who understand the risks simply because they do not meet an old wealth threshold.

Nearly $95B in venture secondaries versus about $105B from IPOs and $107B from acquisitions. One of the most important market structure shifts of 2025 was how close those numbers got. Companies are staying private longer. That is not a delay. It is a new market structure. If that is true, liquidity cannot depend on one end-state event anymore. Ownership has to move in stages, with the right long-term holders coming in at different moments of a company’s life. That is why secondaries are becoming a core liquidity mechanism, not a niche tool with awkward signaling. Over time, this starts to look a lot more like private equity than the old venture model. And if this is where the market is going, ownership rails matter more than ever. I’ll be talking about that at @blockworksDAS in New York on March 24-26, 2026: how to build equity infrastructure that is programmable, compliant, and native to the chain. If you’re there, come find me and the @fairmint team at booth K29.

Nearly $95B in venture secondaries versus about $105B from IPOs and $107B from acquisitions. One of the clearest signals from 2025 is that private-market liquidity is no longer defined by a single exit event. Companies are staying private longer. That means ownership has to move in stages, with the right long-term holders coming in at different points of a company’s life. Secondaries are increasingly becoming core market infrastructure, not a niche tool with adverse signaling. Over time, that starts to look less like the old venture model and more like a more mature private market. At Fairmint, we think that makes one thing clear: ownership rails matter more than ever. We’ll be discussing exactly that at @blockworksDAS in New York, March 24-26, 2026, where Fairmint CEO Joris Delanoue will be speaking about building equity infrastructure that is programmable, compliant, and native to the chain. If you’re attending DAS NYC, come meet the @fairmint team at booth K29.

Last year, we filed a written submission to the SEC crypto task force on how to connect DeFi rails to capital formation. The question at the center of it was simple: who protects retail when they touch these flows? DeFi has no accountability by design. Capital markets are built on accountability by regulation. If you want to connect them, someone has to stand in the middle and accept responsibility for both sides. That's why @fairmint became a transfer agent. Not because the tech needs it — the tech has worked for years. Because the system requires a regulated entity to take responsibility. Changing the law takes a decade. Building within it is the faster path. That's the one we chose.

Stablecoins improved how money moves. They did not fix how ownership works. Private markets still rely on fragmented records, transfer restrictions, manual compliance, and operational friction across the full lifecycle of a transaction. That is why tokenization matters most when it upgrades the ownership layer, not just the payment rail. Real progress happens when equity becomes programmable, auditable, and operationally usable from issuance through ongoing administration. Private markets move onchain when the rails are trusted enough to disappear into the workflow.

Ten platforms can sell you tokenized equity in the same private company. None of them talk to each other. That's the SPV problem. Every wrapper is its own island. Two investors buying onchain through different platforms can't merge their positions. Price discovery becomes impossible. And when real volume hits — when institutions ask for audits, when something goes wrong — fragmented ownership records collapse. This isn't just a private markets problem. When Nasdaq filed with the SEC to enable tokenized trading of public equities, they explicitly warned about the same risk — fragmented liquidity and price dislocation if different tokenized versions of the same asset don't interoperate. The loophole works until it doesn't. The alternative is simple in principle and hard in execution: one cap table, one source of truth. Whether you buy on Coinbase, Kraken, or a trading desk in Singapore — the share always points to the same registry onchain. That's what we've been building at Fairmint. The demand is real. The infrastructure just needs to catch up.

Last year, Fairmint filed a written submission to the SEC crypto task force on how to connect DeFi rails to capital formation. The question at the center of it was simple: who protects retail when they touch these flows? DeFi has no accountability by design. Capital markets are built on accountability by regulation. If you want to connect them, someone has to stand in the middle and accept responsibility for both sides. That's why we became a transfer agent. Not because the tech needs it — the tech has worked for years. Because the system requires a regulated entity to take responsibility. Changing the law takes a decade. Building within it is the faster path. That's the one we chose.

We're a Ruby Sponsor at @blockworksDAS in New York. March 24-26 at Javits Center North. $1B+ in private company equity is already running onchain. The proof of concept era is over. DAS is where the people building the next layer of this infrastructure are in the same room — and @Blockworks puts together one of the best rooms in the industry. Fairmint CEO @Joris_DLN will be on stage talking about the most consequential question in digital assets right now: equity infrastructure that's programmable, compliant, and built onchain from day one — not bolted on after the fact. If you're a bank, fund, issuer, or infrastructure builder — come find the @fairmint team.

We're a Ruby Sponsor at Digital Asset Summit 2026 in New York. March 24-26 at Javits Center North. $1B+ in private company equity is already running onchain. The proof of concept era is over. DAS is where the people building the next layer of this infrastructure are in the same room. Our CEO Joris Delanoue will be on stage talking about the most consequential question in digital assets right now: equity infrastructure that's programmable, compliant, and built onchain from day one — not bolted on after the fact. If you're a bank, fund, issuer, or infrastructure builder — come find us.

@panosmek @cryptoneay @joinrepublic @echodotxyz Absolutely! bringing equity onchain, since 2019 👉fairmint.com

@cryptoneay There are platforms like @joinrepublic, @fairmint , @echodotxyz... and it will become more popular over time.

Με βάση αυτά που λέει ο συνιδρυτής του #Cardano , Charles Hoskinson, πρέπει να ξεχάσουμε την άνοδο στα νέα νομίσματα, διότι αν περάσει το Clarity Act στην τρέχουσα μορφή του, όλα τα νέα νομίσματα ξεκινούν αυτόματα ως ασφάλειες (securities) και ως securities δεν επιτρέπεται να λάβουν ρευστότητα (liquidity). Οπότε, πώς θα ανέβει το ρημάδι; x.com/TapTools/statu…

Privacy is not a negotiation. It's a prerequisite for institutions. A year ago, board members came to us ready to move their cap tables onchain. Aligned on the standard, aligned on the vision — but one hard stop: we don't want anyone to see what's happening on our cap table. My co-founder Thibauld Favre and I started digging through every solution on the market — ZK, FHE, Canton, Aleo, ZKsync. We were in the room with compliance teams, chief legal officers, board members. None of them were ready to compromise. And they were right not to. So that's where we went — @CantonNetwork. Privacy by design, institutions already in production, DTCC and top banks at the same table. @fairmint has now processed over $1.5B in equity onchain. The whole finance world is mostly private. You don't want your bank account open to everyone. You don't want your employee's payroll visible on an explorer tomorrow. We're still early. But the direction is clear.

Don’t mind us — we’re quietly teaching equity to behave like software instead of stationery. 💻📈

We’re baking regulation into the rails so growth doesn’t come with a side of oops.

6 years ago today, @Joris_DLN and I were launching @fairmint from the legendary @BoostVC basement 🔥 Crazy to think it's been 6 years already... yet it feels we're barely getting started! Thanks again @BraytonKey, @AdamDraper, @MaddieCallander and the whole Boost VC team for being the very first investors who believed in us 🙏 At the time (2019), we thought the market for onchain equity was ready to take off, right around the corner. Turns out it only took 6 MORE FREAKING YEARS for the market to finally start materializing (thanks Gary!). Yesterday, the SEC Chair Paul Atkins opened a path for securities trading on decentralized exchanges. We thought it would come in 2020. It's coming in 2026. Game on 🔥

Don’t mind us — we’re still busy making “who owns what” a real-time answer, not a three-week project. ⏱️📊

Real ownership compounds, onchain and on purpose