Rethinking public markets: How onchain capital formation can replace the IPO

For over a century, IPOs have been the pinnacle of corporate finance

But for SMEs, they’re a structural nightmare:

- High costs
- Regulatory red tape
- Opaque gatekeeping

The system isn’t broken

It’s just designed for incumbents

Problem: IPO structural burdens

- Takes 6–24 months of legal & regulatory hoop-jumping
- SMEs with small teams & tight resources can’t afford this

Onchain solution: Launches take minutes, not months

Gas fees > underwriters

Onchain capital formation reimagines fundraising:

- Lower costs
- Transparent price discovery
- Community-aligned incentives

It’s leaner, faster, & built for the internet era

Here’s how it solves the IPO problem

While everything else went digital, capital formation stayed archaic

Decades behind software’s composable, global design

A new model is emerging: Onchain capital formation

No roadshows

No underwriters

Just onchain contracts & global liquidity