obolos

Equity compliance infrastructure for private securities onchain. Cap table administration, share issuance, and transfers with programmable compliance built into the equity instruments. Companies, investors, institutions, and service providers use a shared compliance network rather than a closed ecosystem, reducing friction in multi-jurisdictional deals and IPO preparation. Attaching compliance flows directly to the equity instrument on a shared blockchain infrastructure with confidential data (FHE, ZK) creates a compliance network effect that closed ecosystems like Carta cannot match. Every company becomes a node in a shared compliance network, reducing friction in multi-jurisdictional deals, share transfers, and IPO prep. This is not just a better cap table, it is a settlement layer for private securities that other products (payroll, banking) can build on top of. Seen the problem from all sides: Goldman Sachs (dealmaking and tooling), founder of a web3 startup, investor, and employee who experienced the 7-10 year liquidity wait. Deep understanding of what every counterparty (company, investor, employee, institution, service provider) needs from equity infrastructure. Regulatory clarity is converging: Delaware DGCL 224 permits distributed-ledger stock records, SEC distinguishes issuer-backed tokenized securities from wrappers, Switzerland recognizes ledger-based securities, and EU-INC has moved from idea to legislative proposal. Infrastructure is mature enough: L1/L2 costs are low, account abstraction improves UX, stablecoins are mainstream, and FHE enables confidential onchain data. Market demand is real: crypto-native founders want onchain equity, funds want real-time portfolio visibility, and secondaries are growing from $226B to $400B by 2030.