About
A terminal for private-company exposure.
Retail minimums. Institutional rails.
Principles
Public by default
Trades, fees, IOIs posted publicly unless parties need confidentiality.
Accredited, not elite
SEC Rule 501(a). ~13M Americans qualify. Verify once, trade across venues.
On-chain, not in a vault
No custody. A qualified third-party escrow agent named in the SPA holds deal funds. Tokens settle on Solana and Base.
Is / Is not
Is
- Intended posture: non-custodial covered user interface provider. Counsel opinion in progress; claim is qualified until that opinion is published on /compliance.
- Facilitator of introductions between accredited buyers and sellers.
- Information platform for pre-IPO market data.
Is not
- A broker-dealer.
- An Alternative Trading System (ATS).
- An investment adviser.
- A custodian.
- A licensed exchange.
Revenue
Wrapshares → tokens
1.5%Unwraptokens → shares
1.0%Tokenized tradeper side
0.25%OTC closefree
0%Frontendon tokenized trades
0.5%Predictionon volume
2%Creatorof future volume
2%Inviteof platform fees from invitees
40%No spread markups. No hidden fees. No data sales.
Coverage
71
companies
10
sectors
$4.5T+
combined
AIFintechAerospaceDefenseSecurityEnterprise SaaSHealthCryptoChipsConsumer / Gaming
Counsel
Securities counsel
Engagement in progress. Firm disclosed at launch.
Verification
SEC Rule 501(a) for access. 506(c) offerings add Persona or Securitize verification.
Framework
Intended posture: Covered UI Provider under SEC Staff Statement, April 13, 2026. Counsel review pending. Memo posted on /compliance before first paid user.