Matty_

Citigroup and Goldman Sachs help companies go public, but they're not "stock launchpads" - they're IPO underwriters. In the same way, Legion is not building a "token launchpad" - we're building the world's first ICO underwriter. Crypto natives might not be familiar with term 'underwriter', so let me quickly explain. In traditional markets when a company IPOs they work with an underwriter to do a few key things: > help determine IPO pricing > optimize distribution for the share (literally find buyers for the shares) > organize research and 'roadshows' to educate primary and secondary market investors > handle the regulatory process and compliance > facilitate a smooth listing for public trading on exchanges like the NYSE or Nasdaq > help stabilize the price (legally, not market manipulation - see 'greenshoe' exemptions for IPOs) No one is doing this in crypto. There are many launchpads. But there are no ICO underwriters. Legion is the world's first. We are covering token distribution, secondary trading, liquidity, sell-side research, regulatory compliance automation, etc all in one product. Today's partnership with @krakenfx is an incredible step in this journey. Teams that work with Legion and Kraken will get regulatory compliant mass distribution to value-add token holders, Tier1 exchange liquidity, support with liquid funds, favorable market maker terms, and more. It's time to cleanup the industry, maximize retail access, and bring ICOs to the next level.

Software isn't dying. It's evolving. The businesses with deep organizational integration, security requirements, and compliance frameworks will survive. Pure feature plays will be commoditized.

The question for PE firms: are they buying the dip on durable franchises, or catching a falling knife on businesses AI will commoditize? The answer depends on switching costs, compliance moats, and enterprise integration. Not just features.

Software hit 18% of PE deal value in 2025. The highest concentration in a decade. Then the great AI repricing occurred: many public names are trading near 5-year lows.

@myuchubarov great points, especially thinking of pressure only in abstract terms vs in dollars

@matty_ Agree with most of the points, just want to add some my thoughts

this is actually insane > be tech guy in australia > adopt cancer riddled rescue dog, months to live > not_going_to_give_you_up.mp4 > pay $3,000 to sequence her tumor DNA > feed it to ChatGPT and AlphaFold > zero background in biology > identify mutated proteins, match them to drug targets > design a custom mRNA cancer vaccine from scratch > genomics professor is “gobsmacked” that some puppy lover did this on his own > need ethics approval to administer it > red tape takes longer than designing the vaccine > 3 months, finally approved > drive 10 hours to get rosie her first injection > tumor halves > coat gets glossy again > dog is alive and happy > professor: “if we can do this for a dog, why aren’t we rolling this out to humans?” one man with a chatbot, and $3,000 just outperformed the entire pharmaceutical discovery pipeline. we are going to cure so many diseases. I dont think people realize how good things are going to get

Immigrant groups who rape the most are also the ones we pay the most to live in our countries.

@hooftly Universal inclusion is revenue is already not happening tho?

@matty_ Universal inclusion is not possible and it puts a huge regulatory burden on new projects?

The most honest governance post in crypto just dropped. Across Protocol is asking its holders: would you rather have real equity than just a token? Pure token approaches aren't the right fit for most projects. After four years of zero revenue to holders, this is a win.

@Matjkoda4 *like* being the operative word

@matty_ Or token could give benefits like real equity.

@hooftly Yes. What's the issue?

@matty_ So a security?

The fix isn't abandoning tokens as the technology, it's making tokens that carry the rights of equity. Revenue. Ownership. Legal standing. While it might feel circuitous: token -> equity -> tokenized equity is the inevitable path. Because rights + tech is better than no rights.

Don't get me wrong. Equities is not the final form. Abandoning tokens for offchain equity solves one problem but creates others. Nasdaq is putting stocks onchain. BlackRock tokenized $2B+. The entire trajectory is towards onchain capital markets.

@waltermasterson The bomb yesterday. The point today.

Hey everyone, I can admit when I was wrong. Being reckless when a bomb is thrown over your head is not a good look and that weighs heavily on me and my family.

The rules are being written right now. A year ago this was "crypto stuff." Now Nasdaq and NYSE are fighting over who builds it first.

6/ The SEC issued guidance in January distinguishing between tokenized securities issued by companies vs third parties like exchanges. Banking regulators went further. For banks to hold tokenized assets on their balance sheets, they need to grant the same legal rights as the original security.

"Wall Street firms are in a race to transform stocks into digital tokens."- @WSJ Nasdaq and NYSE both have proposals pending with the SEC. This is moving faster than people realize. Here's what you need to know about tokenized public stocks↓