Tommaso Chiabra

Republic has just announced on September 30th the tokenisation of Animoca Brands’ equity on Solana Foundation, increasing investor access and liquidity for investors in one of the most iconic Web3 companies! This comes 3 weeks after the announcement of Nasdaq files proposal to SEC for the tokenisation of public equity. If both public and private equity is being tokenised, what is the difference between public and private equity from being tokenised? At least from a direct listing point of view and at least for Web3 companies it seems to very similar if not the same. There has been a few attempts of tokenising private stocks, especially by a few players this summer, but it has been more mirroring the underlying private stock and more trading of the economic benefits of the underlying stock than trading of the underlying stock itself. If the transactions facilitated by Republic of Animoca Brands shares on Solana turns out to be successful, it would be a true breakthrough in the tokenisation of private market stock! Tokenisation of private stock is not a new idea. I first engaged in the tokenisation of private market stock back in 2018, because of one of our earliest investment in True Global Ventures -- SharesPost (now part of Forge Global). SharesPost was at that time having a product in tokenisation of private stock. However there were many different issues from a technology point of view and from a legal point of view and that the best companies from an issuers point of view did not want to try it out. It looks like the technology has been there for quite a while, but now, both legal and regulatory is clearly defined. Most importantly, both issuers and buyers are ready to embrace tokenised equity. The benefits we saw in 2018 remain the same today: removing the 30 to 90 day settlement delays in secondary markets. Tokenised private equity has the potential to make transfers near-instantaneous, unlocking liquidity and access to a broader base of investors while maintaining compliance. 👉 Fast forward to today, and tokenisation is becoming reality on both the private and public market fronts: 🔸 On the public markets side, Nasdaq has filed with the SEC to tokenise every stock on its exchange. Once approved, this would create a dual system, where each share exists both as a traditional dematerialised share and as a blockchain-based token. 🔸 On the private markets side, we have Republic tokenising Animoca Brands' equity on Solana. Whether it happens this year or next, we’re on the brink of a profound transformation in how both private and public equity are structured, traded, and settled. Andrew Durgee Yat Siu Evan Auyang Emily Pollack #Tokenisation #PrivateEquity #PublicMarkets #Blockchain #NASDAQ

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"10 year timeframe is kind of the biggest lie in the industry". This and many other my thoughts about #VC #secondary #market you can now find in the latest podcast #0100ImpactTalks 🎙️ ➡️ https://lnkd.in/dAyJZ9jU Thank you Laura Iriarte Zabalaga & Zero One Hundred Conferences!

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Italy missed one of the most powerful engines of startup ecosystems: immigrant-led entrepreneurship. After 15 years in the UK, Lorenzo Franzi observed a clear pattern. Many of the most successful founders were not British. The same is true in the US. Italy never had that wave. What it does have is a diaspora of top-tier Italian founders who have built abroad. The mission at Italian Founders Fund is to bring that energy back. To combine global Italian talent with a new generation of founders building locally. If you want to understand how diaspora dynamics can reshape a country’s startup future, watch the full episode on the EUVC YouTube channel.

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