For operating companies
Raise capital
Issue a note or equity to verified investors. Subscriptions fund in USDC or by wire. Strata records the ownership, and each investor holds the position as a restricted token in their own wallet.
Capital markets for private assets.
Strata turns private and real-world assets into securities that are legally recorded and held by verified investors. We are building permissioned onchain markets where those positions can trade, earn and be borrowed against.
Strata is a registered transfer agent. It keeps ownership records. It does not guarantee returns or that you can sell.
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A private asset
An operating company, a fund, a GPU fleet. Rights and cash flows, defined in legal documents.
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A recorded position
Legal documents define the rights. Strata records who owns what.
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Securities investors hold
Equity, notes, or senior and junior claims on the same cash flows.
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Permissioned markets
Trade, earn and borrow, only between eligible holders.
What people use it for
One recordkeeping and issuance base. Four ways to put it to work, with market capabilities in preview or development.
For private companies and their teams
Employee liquidity programs
Run one controlled program where employees can sell, borrow against or earn on their shares. The company sees the demand and decides who takes part, and when.
For owners of real assets with cash flows
Tokenized compute, and assets like it
A GPU fleet sits in its own legal vehicle. The vehicle issues two claims on the same revenue. Senior is paid first, toward a fixed target. Junior keeps what is left and takes losses first. Compute is one example. The same structure works for other assets with cash flows.
Revenue
Senior paid first
Junior what remains
Illustration only. Not a model or a forecast. Senior can still lose money. Junior has no target return.
For holders and lenders
Credit
Holders borrow against their recorded positions without selling them. Lenders take collateral with a legal ownership record behind it, not just a token balance.
Every use starts the same way: an asset, legal documents that define the rights, and an ownership record kept by Strata.
Onchain markets that know who is trading.
Securities can only move between eligible holders, so they cannot sit in an open pool where anyone can buy. Strata is developing permissioned pools on Uniswap v4 with a hook: a small contract that runs before every swap and every change in liquidity, and checks the wallet against the eligibility record.
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A wallet asks to trade
A swap, a deposit or a withdrawal reaches the pool.
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The hook checks the record
Is the wallet verified? Accredited where the offering requires it? Is this transfer allowed?
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The pool answers
Eligible: the trade settles like any pool, and the ownership record changes with it.
Not eligible: the contract itself refuses it.
Onchain balance
change together
Transfer agent record
The design keeps the transfer agent record and the onchain balance in step, so a trade in the pool is also a recorded change of ownership. Eligible holders get a normal pool experience. Everyone else is turned away by code, not by a help desk.
Proposed implementation. A Uniswap v4 hook on beforeSwap, beforeAddLiquidity and beforeRemoveLiquidity checks the participating wallet against eligibility records (KYC, accreditation and transfer restrictions). Exact enforcement and record synchronization are in development.
Where things stand
- Issuance and ownership record
- First deals onboarding
- Markets (earn, borrow)
- Testnet preview
- Permissioned pools on Uniswap v4 hooks
- In development
Market capabilities shown here are previews or in development, not live mainnet services. Availability depends on the offering, approvals and integrations.
Have an asset, a raise or a program in mind?
Tell us what you hold and what you want it to do. Start with a conversation about the structure.