A precise read of what’s actually changing:
equity structures with real corporate mechanics are beginning to operate directly onchain.
As @stacy_muur notes, a meaningful development for crypto-native companies, and for the category.
This is a very important precedent.
@caesar_data (a token-native startup) is moving toward issuing actual company equity onchain, using @centrifuge’s SEC-registered transfer-agent infrastructure.
Not “equity-like tokens.”
Actual legally recognized shares… onchain.
If this works, it sets a precedent for how crypto-native teams can mature into investor-ready companies without leaving the onchain world.
Huge for Centrifuge as infra.
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