Introducing the Open Cap Table Protocol
summary
Argues the private market is the wedge for onchain equity and backs it with numbers: over $4 trillion in private valuation and more than a thousand unicorns, versus public markets dominated by DTCC mainframe plumbing. Describes the technical fix — the Open Cap Table Protocol that turns cap tables into programmable smart contracts — and a regulatory milestone, becoming an SEC registered transfer agent in 2023. Reports traction: $1.5 billion on chain, claims instant settlement, automated compliance, privacy and composability replace lawyers PDFs and Excel.
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chapters (26)
- 0:00Introduction
- 0:11The World Changed a Year Ago
- 0:46Wall Street Rushing to Tokenize Everything
- 1:16Was 16 Years of Crypto Co-Opted?
- 1:44Why Wall Street Only Tokenizes Public Equity
- 2:15Why the DTCC Infrastructure Works
- 2:41The Low Hanging Fruit of Selling Offshore
- 2:56Why We Need a Better, Simpler Infrastructure
- 3:16The Private Market Is Exploding
- 3:44Over $4 Trillion in Private Valuation
- 4:13The Broken Infrastructure of Private Markets
- 4:42Why Private Shares Are Harder Than Public
- 5:16Why Issuing Tokens Alone Created More Complexity
- 5:33Putting the Cap Table On Chain
- 6:06The Open Cap Table Protocol
- 6:40Not a New Standard: Building on the Existing Format
- 7:05The Open Cap Table Coalition of Law Firms
- 7:38Compatible With the Industry From Day One
- 8:04Why It Is Regulated DeFi
- 8:29Over $1.5 Billion of Equity On Chain
- 8:50The Endgame: Making IPOs Great
- 9:33Simplifying Trading Directly on the Cap Table
- 9:56The Airbnb Shareholder Connection Anecdote
- 10:48Trading on Brokerage or Directly on Your Website
- 11:12How to Join and Build on the Protocol
- 11:31Closing
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