Emancipating the ascent of private capital markets on @Solana
Serbia
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How a Manci token becomes a registered share:
1. The holder requests conversion
2. Shares are transferred before a notary
3. The transfer is entered in the business registry
4. The tokens are burned on @solana, with the registry decision's hash on-chain
First done on Oct 10.
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Crypto's favorite debate: buybacks, or tokens that "effectively represent" ownership?
There's a simpler option. Make the token convertible into registered shares. Then holders don't depend on tokenomics. They have company law.
Done for real on Oct 10, on @solana.
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Manci retweeted
Every private company is built on shares. Most of them are still stuck on paper.
Manci turns them into tokens on @solana:
· startups and SMBs raise capital
· investors and VCs hold a stake they can verify on-chain
· every token converts into a registered share
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1/ We set up 17.5% of our own company, Mancipatio d.o.o., as a token on @solana mainnet: MANCI0. 1 token = 0.01%.
5% (500 tokens) was issued on Oct 4. The other 12.5% will be minted for a second holder as soon as they're ready to take delivery.
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5/ Don't trust us — check it:
Mint: solscan.io/token/7qpdkysejAW…
Burn: solscan.io/tx/36na8u2qt377eS…
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5/ Don't trust us — check it:
Mint: solscan.io/token/7qpdkysejAW…
Burn: solscan.io/tx/36na8u2qt377eS…
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Shares in private companies are some of the hardest assets in the world to move.
Manci turns them into tokens on Solana — with a legal path back to registered ownership.
We started with our own company. → manci.io
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