Your onchain gateway to the pre-IPO economy, built on Canton.
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We're living in the decade of Super IPOs.
Private markets form giants that grow and go public with no way in.
That's why Hecto builds infrastructure for the pre-IPO economy, natively on @CantonNetwork.
Time for the world to catch up.
It pays to be early.
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Private Markets 101: What is a confidential S-1?
@AnthropicAI filed one in June.
More than three months later, the public still can't read it.
Here's how the paperwork behind IPOs actually works.
Made with AI
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Last week, Sam Altman stated that OpenAI likely won’t go public in 2026.
Meanwhile, Databricks has said it's in no rush either.
Every delay is another stretch of value creation that happens privately, priced by a small circle of insiders.
The IPO isn't the opportunity, it's the exit.
There’s more time to get in early.
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Thank you @CantonNetwork for bringing the ecosystem together in New York for the first Canton Summit.
We were thrilled to be in a room full of institutions and builders focused on moving money, tokenized collateral and 24/7 securities, with privacy built in.
The next year on Canton is going to be much bigger than the last.
Today's market infrastructure was built for another era. The market's outgrown it.
For years we were told no: it won't work or be accepted. Now, those nos are becoming yes.
@YuvalRooz's keynote at Canton Summit traced that shift and what it makes possible.
Watch now.
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Getting into pre-IPO companies is no longer difficult, but paying the right price for them is.
Most pre-IPO products are a fixed wrapper around a scarce asset. When demand goes up, more supply can’t be created. So, the wrapper trades above the value of what’s inside.
That gap is a scarcity tax, and retail pays it.
We’ve seen this before with GBTC which traded at a huge premium to the Bitcoin it held for years. Then the spot ETF arrived. Shares could be created and redeemed, and the premium collapsed.
The asset did not change, but structure did.
Private markets are at the same point today. The first wave of pre-IPO products solved access, yet pricing remains an issue. And the solution is the same. Let supply respond to demand.
That is what we are building with Hecto PMX.
When demand pushes price above NAV, qualified participants can mint and new supply brings the premium back down.
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Private markets aren't liquid... yet.
In 2016 there were 228 private companies worth $1B or more, $800B combined.
Today it's roughly 1,700 companies, worth a combined $8.6 trillion.
Eleven times the value in a decade, but all still illiquid.
It’s time for that to change.
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Step 3: Your allocation sits inside a regulated structure and is routed.
Your allocation sits inside a Gibraltar fund framework with EU passporting.
Bankruptcy remote by design, with each allocation separated by structure and asset - so one position's risk never bleeds into another's.
Then we route it.
No open order book, no $100k+ platform ticket just to start the conversation - a direct route to a specific name.
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We're living in the decade of Super IPOs.
Private markets form giants that grow and go public with no way in.
That's why Hecto builds infrastructure for the pre-IPO economy, natively on @CantonNetwork.
Time for the world to catch up.
It pays to be early.
362
67
432
27,594
We're thrilled to celebrate one year of Hecto, and everything @CantonNetwork has built, at the first ever Canton Summit tomorrow.
Come find @0xtanler to chat about the future of on-chain private markets.
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We keep getting asked why we’re building on @Cantonnetwork.
The short answer?
Its high quality infrastructure and userbase.
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