🙈 Jamie Finn

I never understand why people have videos or tweet storms that offer to explain anything for free. Wait…

@pitdesi @Bencera @RMB Tried it. Not sure tbh. Very generic which makes sense.

@Bencera @RMB Congrats, very cool! curious why you need/want to raise money at all, as I’d assume without human costs you don’t need the money (but maybe I’m wrong on that!)

Polsia just raised $30M at a $250M valuation. Approaching $10M annual run rate. One Founder + AI. Zero employees. Polsia runs companies autonomously. It also ran its own fundraising. I just showed up for signatures.

@100y_eth Solid overview.

@ThomasFarley @johnjdagostino Thank you, really appreciate this interaction. There’s only one outcome that makes sense.

I lived the ICE/NYMEX. It actually ended up in the Supreme Court! It is not relevant here though. ICE/NYMEX was a simple question of whether you need permission to use a settlement price used to set margin in a clearinghouse. These tokenization issues are about whether to allow relief from regs for offering single stock derivatives (which the people offering call “tokens”).

The SEC realizing that public companies are the only entity who can issue tokens that are a share of stock! Great job delaying and getting this right. I’m very excited about this issuer model. This is the simple and innovative way to revolutionize the markets.

@ThomasFarley Just to be clear, I agree with you, but @johnjdagostino shared this which made me doubt it but maybe its apples to oranges. x.com/johnjdagostino…

@finnstr Yeah the idea of 50 different “Nvidia Tokens” on 10 different blockchains with no voting or dividend rights didnt make a whole lot of sense. A single Nvidia token that they authorize as their own share of stock on a blockchain of their choosing on the other hand…

@RwaLlama @Securitize 🥂

🏦 @finnstr co-founded @Securitize and watched every tokenized product launch since 2018. One sentence. The whole thesis. "Who are the liquidators?" remains the binding question. x.com/finnstr/status…

@TomMurphyTweets @jonmorgan_HODL @CryptotwitsHQ Not a bad quarter at all. I personally appreciate the summary as the announcements were so fast I almost missed some.

One of the perks of my job is getting acclimated w/the writers in the space we're blessed to have cover Securitize. @jonmorgan_HODL's @CryptotwitsHQ newsletter is must read, I'm amazed by how clever his analysis is while still meeting the moment. cryptotwits.stocktwits.com/p/one-in-four-…

@brian_armstrong Coinbase really nailing product market fit again, I was just thinking we need another stable coin……..Not!

Make your own custom stablecoins with Coinbase! See link in follow on post

@HiltnerJim @SuperstateInc That’s better

If you are a long-term shareholder but receive limited economics from securities lending because your broker retains most of the yield, natively tokenized shares create a different model. You decide where to lend your shares, participate directly in lending economics, and potentially earn higher returns on your assets.

If you bring a tokenized stock online you better also bring some liquidity with it.

@carlosdomingo Epic

Highest quarterly revenue in company history and updated S4 filed. One step closer. LFG!!

Pretty impressive growth. Well done @Securitize

Somehow @RobinhoodApp managed to make venture capital volatile in both directions on a daily basis.

@reidlikeabook So obvious it hurts

Tokenization doesn't need DTCC. That's the whole point. Self-custody. Self-settlement. Atomic clearing. None of it routes through a centralized clearinghouse. The DTCC shareholders are exactly the incumbents that builders are trying to disintermediate. Them tokenizing is a defensive move, not a step forward. Got into this with @redstone_defi pod. What does "tokenized" mean if the same gatekeepers still hold the keys?

@Cointelegraph How does the robot wash its “hands” after cleaning toilet?

🤖 INTERESTING: Reflex Robotics unveiled a home robot that can help with cooking, chores, and other daily household tasks.

@mdudas Things need to be cheaper, better and faster for them to take over. I don’t think any JPEG as an NFT was better.

The Anthropic/SPV situation is way more legally complicated than “the transfers violated the charter, therefore buyers get zero.” That is not how Delaware equity jurisprudence works - especially in Chancery. Sure - Anthropic can absolutely argue that transfers required board approval and that certain structures attempted to circumvent transfer restrictions. Fine. That is a serious argument. But Delaware courts also care deeply about acquiescence, waiver, estoppel, reliance, and equitable fairness. And that is where this gets messy. These secondary/SPV structures did not appear overnight. This ecosystem existed openly for YEARS. Deals were marketed publicly. Prices were tracked publicly. Entire platforms existed around them. There are almost certainly internal emails, texts, compliance discussions, board materials, screenshots, and executive conversations acknowledging these markets existed and choosing not to enforce against them in real time. At some point Chancery starts asking uncomfortable questions: Did the company knowingly allow a secondary ecosystem to develop? Did sophisticated parties rely on that silence? Did insiders themselves participate in or benefit from these markets? Did the company selectively enforce only after valuations exploded? Did they “sleep on their rights” while billions in reliance capital formed around these structures? And even IF some transfers are ultimately voidable, that still does not mean counterparties are left with no remedy. Delaware equity courts are not blind to unjust enrichment, reliance damages, constructive trust theories, rescission claims, tortious interference issues, or other equitable relief where parties acted in good faith based on years of tolerated market practice. That is the key point people are missing: this is not just a pure four-corners corporate charter case anymore. Once a company knowingly permits an entire shadow secondary market to flourish for years, equity enters the chat. And Delaware Chancery is literally the home of equity.

@MarcinRedStone They aren’t going to learn anything. Nothing is going to happen here. It’s a nothing burger.

Anthropic just declared that any unapproved transfer of its shares is void. The policy covers direct sales, forward contracts, SPVs, and tokenized securities. In practice, this means the on-chain wrappers pricing Anthropic at trillion-dollar valuations confer no equity rights, no claim on the cap table, and now sit under explicit legal challenge from the issuer itself. For context, on PreStocks the Anthropic token implied a $1.5T valuation while the platform held roughly $23M in total assets. Anthropic's last priced round in February closed at $380B post-money. The on-chain mark was effectively 4x the most recent negotiated price, on a venue holding 0.0015% of the market cap it was implying. The consequence everyone is going to learn the hard way is that pricing private equity is a different infrastructure problem than pricing BTC or ETH. Liquid crypto assets price themselves through deep order books across dozens of venues. Aggregation handles the noise. That model breaks instantly when applied to a thinly traded wrapper around a private company that explicitly rejects the wrapper's legitimacy. Illiquid assets need a different methodology. Primary sources. Last verified funding round. Authorized secondary trades. Time-weighted bounds. Conservative inputs that hold up when liquidity dries out or concentrates. Very bespoke and case-driven. Tokenization of equities is happening. The question is whether it gets built on authorized rails with proper pricing infrastructure.

@EggPlatypus @wbrads @Securitize Yes the time to full stack is underestimated in my opinion. I think it’s probably at least 50% longer and not all things are achievable - sometimes you just can’t get approved. It’s not a fait accompli because you apply.

@finnstr @wbrads @Securitize Thanks Jamie. Does that mean the time-to-full-stack numbers in my graphic are likely underestimates? Or are you referring to a different part of the graphic? I am definitely not an expert in this space yet, learning as I go.

In case anyone is wondering how @Securitize's $SECZ ($CEPT until merger vote) equities tokenization stack compares to competitors👀