Fairmint is the First SEC-Registered Transfer Agent to Adopt the Transfer Agent Protocol (TAP)
Astro Bug/10269542
Trending...
- Scout & Cellar Becomes First Winery in Texas to Receive B Corp Certification
- ProtectVirginia Petitions Virginia Dept of Environmental Quality for Cruise Ship Regulations
- Situ Ve Offers a New Perspective on Love Amid the Rising Passport Bro Movement
In a landmark move, Fairmint leads the charge in leveraging onchain technology for equity management, enhancing transparency and efficiency through Transfer Agent Protocol and Open Cap Table Format integration.
NEW YORK - AstroBug -- Fairmint is proud to be the first SEC-registered Transfer Agent to integrate with the Transfer Agent Protocol (TAP).
In our journey to create a more open and efficient rail for the securities industry, we recognized early on the limitations of relying on another in-house proprietary cap table management implementation.
The international law firm Gunderson Dettmer recently published Where does the cap table industry go now? and says it best:
"Cap tables summarize some of the most sensitive information in a private company: who owns what."
Echoing this statement from the Gunderson team, we consider the cap table to be the heart of the securities stack, demanding openness, standardization, and complete ownership by the company.
A Leap Towards Standardization in the Transfer Agent Industry
More on Astro Bug
With Fairmint, Poet Network, and Plural Energy as founding members, TAP stands out as the first open-source infrastructure designed specifically for standardized equity management catering to transfer agents. The first stable release of the protocol is anticipated in Q1 2024.
TAP was developed on the foundation of the Open Cap Table Format (OCF), the Open Source Company Capitalization Data Standard, which has received endorsements from fifty leading US law firms and prominent industry players.
The widespread adoption of OCF as a standard within the equity management sector serves as a powerful solution for founders and attorneys seeking to regain command over their capitalization data, underlining Fairmint's dedication to fostering open and standardized practices.
Leadership Perspectives: Pioneering Change Together
Fairmint team didn't want to build yet another in-house proprietary cap table management implementation.
"By choosing to build on open-source standards like the Transfer Agent Protocol and the Open Cap Table format, we're pioneering the future of the equity management industry based on trust and transparency," shares Thibauld Favre, co-CEO of Fairmint.
More on Astro Bug
Joris Delanoue, co-CEO of Fairmint, further underscored the impact of this development, stating, "This breakthrough represents Fairmint's commitment to driving meaningful change in the financial landscape, ensuring that equity management is accessible and efficient for all parties involved from incorporation to IPO."
Welcoming Victor Mimo to the Team
Fairmint is excited to welcome Victor Mimo in alignment with its strategic direction. Mimo, who has been instrumental in the development of TAP, is poised to continue leading its technical advancements, ensuring its seamless integration into Fairmint's product and future offerings.
"Joining Fairmint to integrate with the protocol is both an opportunity and a privilege. I look forward to contributing to our mission of transforming equity management through innovative technology such as blockchain and artificial intelligence," said Victor Mimo.
About Fairmint
Dedicated to simplifying the capital-raising process for companies, Fairmint offers the best way to raise capital from one or more investors, uniquely consolidating them into a single line on the cap table. As an SEC-registered Transfer Agent, Fairmint ensures trust and regulatory compliance from incorporation to IPO.
Founded by serial entrepreneurs Joris Delanoue and Thibauld Favre, Fairmint is backed by Draper Associates, BoostVC, IDEO, TheLegalTechFund, A-Capital, Sigil, Fabric Ventures, Monday Capital, and a vibrant investor community.
For more information, visit https://fairmint.com.
In our journey to create a more open and efficient rail for the securities industry, we recognized early on the limitations of relying on another in-house proprietary cap table management implementation.
The international law firm Gunderson Dettmer recently published Where does the cap table industry go now? and says it best:
"Cap tables summarize some of the most sensitive information in a private company: who owns what."
Echoing this statement from the Gunderson team, we consider the cap table to be the heart of the securities stack, demanding openness, standardization, and complete ownership by the company.
A Leap Towards Standardization in the Transfer Agent Industry
More on Astro Bug
- Circumference Group Acquires Majority Stake in Visionary Integration Professionals
- Tim O'Loughlin Appointed Chief Executive Officer of Vantiva and Co-opted as a Director of the Board
- TN Nursery Gears Up for Busy Fall Shipping Season with Nationwide Fast Shipping, Low Grower Prices, and Storewide Deals
- Jazz Artist Bob Holz Signs With SoVibe Entertainment Plus Album Review In September 2024 Issue Of Downbeat Magazine
- Develop Africa Partners with Sierra Leonean Painter Sahr Songu Mbriwa to Raise Funds for Education
With Fairmint, Poet Network, and Plural Energy as founding members, TAP stands out as the first open-source infrastructure designed specifically for standardized equity management catering to transfer agents. The first stable release of the protocol is anticipated in Q1 2024.
TAP was developed on the foundation of the Open Cap Table Format (OCF), the Open Source Company Capitalization Data Standard, which has received endorsements from fifty leading US law firms and prominent industry players.
The widespread adoption of OCF as a standard within the equity management sector serves as a powerful solution for founders and attorneys seeking to regain command over their capitalization data, underlining Fairmint's dedication to fostering open and standardized practices.
Leadership Perspectives: Pioneering Change Together
Fairmint team didn't want to build yet another in-house proprietary cap table management implementation.
"By choosing to build on open-source standards like the Transfer Agent Protocol and the Open Cap Table format, we're pioneering the future of the equity management industry based on trust and transparency," shares Thibauld Favre, co-CEO of Fairmint.
More on Astro Bug
- Composer Andrew Prahlow to Perform Award-Winning Outer Wilds Soundtrack on Oct 17th at Brooklyn's Music Hall of Williamsburg
- Cell-Ed and National Minority Health Association Forge Strategic Partnership to Expand Caregiving and Health Equity Initiatives
- Fortius Metals secures $2 Million Additional Funding to Bring Advanced Metal 3D Printing to the Aerospace and Defense Industry
- Voices Rising Festival Celebrates Diversity in E. Islip, GRAMMY Governor LACHI performs!
- VSA Officially Receives SOC 2 Approval
Joris Delanoue, co-CEO of Fairmint, further underscored the impact of this development, stating, "This breakthrough represents Fairmint's commitment to driving meaningful change in the financial landscape, ensuring that equity management is accessible and efficient for all parties involved from incorporation to IPO."
Welcoming Victor Mimo to the Team
Fairmint is excited to welcome Victor Mimo in alignment with its strategic direction. Mimo, who has been instrumental in the development of TAP, is poised to continue leading its technical advancements, ensuring its seamless integration into Fairmint's product and future offerings.
"Joining Fairmint to integrate with the protocol is both an opportunity and a privilege. I look forward to contributing to our mission of transforming equity management through innovative technology such as blockchain and artificial intelligence," said Victor Mimo.
About Fairmint
Dedicated to simplifying the capital-raising process for companies, Fairmint offers the best way to raise capital from one or more investors, uniquely consolidating them into a single line on the cap table. As an SEC-registered Transfer Agent, Fairmint ensures trust and regulatory compliance from incorporation to IPO.
Founded by serial entrepreneurs Joris Delanoue and Thibauld Favre, Fairmint is backed by Draper Associates, BoostVC, IDEO, TheLegalTechFund, A-Capital, Sigil, Fabric Ventures, Monday Capital, and a vibrant investor community.
For more information, visit https://fairmint.com.
Source: Fairmint, Inc.
0 Comments
Latest on Astro Bug
- Stop Fighting, Start Living. Daryl Dittmer's New Book Offers Roadmap to Personal Power
- BTR: Understanding the Critical 2FA Vulnerability in QR Code Enrollment Processes Uncovered by Silent Sector – Lauro Chavez
- IGC Pharma Wins 2 Awards in Phase 1 of NIA's AI PREPARE Challenge, Advancing Alzheimer's Early Prediction Research
- Get in the Halloween Spirit at Rare Books LA Union Station
- Superior Thin Film Solar Panel Advancements Open Great Opportunities in the Rapidly Developing Aerospace and Related Sectors: Stock Symbol: ASTI
- Grand opening of the ResC4EU platform to support companies withstanding supply chain disruptions
- New Study Reveals Alarming Cardiac Risks Associated with Electroshock Treatment
- The Ultimate Guide to Buying Historic Luxury Homes in Winter Park, FL Now Available
- And The Winner Is: Special Request Ft Rey T (AKA) Reynard Thomas
- Allegiant Management Group Launches New Website Following Recent Rebranding
- Celebrating 30 Years: 2024 Diversity Visa Lottery Opens Oct. 2, Offering Life-Changing Opportunities for U.S. Immigration
- Quidax Launches $125,000 Crypto Innovation Pitch, Partners with Moonshot for TC Battlefield
- Wagoner Roofing Launches New Website
- L-Strategies LLC terminates Angie Wong Miami Republican Committeewoman's contract with New Federal State of China NFSC
- Sara Abbas Excites Global Listeners With Much-Anticipated Viral Release Of New Single "Love You From A Distance"
- Horion M6APro Series IFPs Achieves Google EDLA Certification
- How to Get a Handicap Placard in California: Simplifying the Process for Disabled Drivers HandicapMD.com Offers Easy Online Certification for Disabled
- Use Bitcoin to Earn Bitcoin - Innovative Layer 2 Solution for Bitcoin
- Dr Joy Dental Clinic Recognized as a Superbrand for 2024
- T&S Communications at the 25th China International Optoelectronic Exposition (CIOE)