Fairmint Achieves Milestone with $1 Billion in Onchain Equity
Fairmint Achieves Major Onchain Milestone
Fairmint, a leader in onchain securities, has recently surpassed a remarkable $1 billion in onchain equity. This significant achievement highlights the company's role in transforming private markets, moving away from outdated spreadsheets towards innovative blockchain-based cap tables. The transition to onchain equity management marks a new era for many private companies seeking efficiency and transparency.
The Shift from Traditional Systems
As businesses increasingly face the challenges of managing equity through traditional systems, Fairmint's infrastructure gains traction. Founders express a growing demand for capabilities like real-time ownership tracking and automated compliance functions. Such features, which are difficult to implement with legacy systems, make onchain cap tables particularly appealing for modern businesses seeking a competitive edge.
Benefits of Onchain Cap Tables
Leveraging onchain technology provides several advantages: enhanced transparency, reduced operational friction, and improved security. These benefits help eliminate common issues faced with legacy equity management, such as errors and compliance risks. Fairmint is at the forefront of this transformation, offering companies the tools they need for comprehensive equity management.
Personal Insights from Fairmint’s Leadership
Joris Delanoue, the CEO of Fairmint, emphasizes the importance of evolving cap tables. He states, "Cap tables are the foundation of every company’s equity structure. Moving them onchain isn’t just about efficiency; it’s about creating programmable equity that provides real-time ownership insights and automated vesting features." Such innovations are reshaping how founders manage their equity, enabling seamless issuance and transfer as well as accountability through immutable records.
The Future of Equity Management
Delanoue notes, "We’re witnessing the biggest upgrade to equity infrastructure in decades. Eventually, every company will transition to an onchain format. The question is whether they will lead or lag behind in this evolution." This statement underscores the urgency for companies to consider adopting onchain solutions.
Capitalizing on a $6 Trillion Market
Fairmint's milestone occurs in the context of a $6 trillion private securities market that still relies heavily on outdated tools from the web2 era. Analysts are optimistic, forecasting that onchain infrastructure could unlock tremendous efficiency gains and foster a wave of innovation in capital markets. As Fairmint demonstrates rapid growth, the advantages of programmable equity are becoming clear to many businesses.
Innovative Open Cap Table Protocol
Integral to Fairmint’s success is the Open Cap Table Protocol (OCP), an open-source standard that facilitates the transition of cap tables onto onchain platforms while ensuring regulatory compliance. By fostering open standards, Fairmint not only accelerates industry adoption but also enhances interoperability across stakeholders.
About Fairmint and Its Vision
Founded in 2019 by Joris Delanoue and Thibauld Favre, Fairmint focuses on bringing equity onchain, allowing private companies to issue, manage, and transfer equity without sacrificing regulatory oversight. By positioning itself as an SEC-registered Transfer Agent, Fairmint is paving the way for greater flexibility in equity management, allowing investors to hold their stakes directly in their wallets.
Contact Information for Media Inquiries
If you are interested in learning more about Fairmint or its innovative solutions, you may reach out to:
Tara Evans
Uproar by Moburst for Fairmint
Press inquiries can be directed to press@fairmint.com.
Frequently Asked Questions
What is Fairmint's recent milestone?
Fairmint has surpassed $1 billion in equity managed onchain, marking a significant achievement in the modernization of private market equity management.
How does Fairmint improve cap table management?
Fairmint transforms cap table management by providing real-time synchronization, automated compliance, and enhanced transparency through onchain technology.
What is the Open Cap Table Protocol?
The Open Cap Table Protocol (OCP) is an open-source infrastructure standard created by Fairmint to facilitate the migration of cap tables onto onchain platforms.
Why is moving cap tables onchain beneficial?
Shifting to onchain cap tables offers benefits such as reduced operational friction, enhanced security, and programmability, making equity management more efficient.
Who founded Fairmint?
Fairmint was founded in 2019 by Joris Delanoue and Thibauld Favre, aiming to revolutionize equity management for private companies through onchain solutions.
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