Arcton

Tokenized pre-IPO and private equity access.

Tokenized pre-IPO and private equity access.

- Startup IPO / share tokenization: Arcton legally tokenizes the shares of an existing Swiss company under the Swiss DLT Act and offers them to the public in an on-platform 'IPO'. Investors buy tokenized shares with USDC or fiat (CHF/EUR) and become registered shareholders with the same rights (dividends, sale proceeds) as holders of the paper version. - Swiss legal / registry layer: New tokenized shares are authorized by existing shareholders with notarial approval, entered into the Swiss Commercial Register (verifiable via zefix.ch), and issued as share tokens under the DLT Bill (effective 2021), so the token is legally equivalent to a paper share certificate. - Secondary market on Camelot (Arbitrum): After the IPO and registry entry, a 50/50 liquidity pool is created on Camelot, the Arbitrum-native DEX, letting shares trade permissionlessly 24/7 without lock-ups. Roughly 12.5% of funds raised are seeded into the pool alongside an equivalent value of shares. - spNFT staking + Nitro pools: Liquidity providers stake their Camelot LP tokens to mint a staked-position NFT (spNFT), which can be deposited into a Nitro pool for boosted rewards. A minimum ~30-day lock applies, and longer locks earn more; rewards accrue in the form of shares.

- Regulatory: Arcton's entire model depends on the Swiss DLT Act and on each offering clearing notarial approval and Swiss Commercial Register entry. Expansion beyond Switzerland into greater Europe faces differing securities regimes, and any adverse change to the DLT/securities framework would directly undercut the ability to issue or trade the share tokens. - Counterparty: Investors take direct exposure to individual early-stage startups selected by the Arcton team. Company failure, fraud, dilution via approved new share issuance, or non-payment of dividends can wipe out the value of a given share token; the curated due-diligence process is a human judgment, not a guarantee. - Collateral: Each share token is only as valuable as the underlying private company's equity, which is illiquid and hard to price. Thin, startup-specific Camelot pools (seeded with roughly 12.5% of funds raised) mean the 'liquid' secondary market can gap sharply on modest sell pressure, so quoted prices may not reflect achievable exit value. - Smart Contract: Share issuance, LP staking (spNFT) and Nitro-pool reward logic run in on-chain contracts on Arbitrum. No public third-party audit report was found, so undiscovered contract bugs or mispriced reward mechanics are an unmitigated technical risk. - Systemic: The public-facing arcton.com since appears to operate as a B2B outbound-sales / cold-email agency, and the founders described pivoting toward an outbound-sales and VC-fund model. This raises material continuity/abandonment risk for the original tokenized-equity protocol and its listed IPOs.

- Equity crowdfunding + a stock exchange IPO: similar — Like an equity crowdfunding platform, retail investors buy real ownership shares of a private company; like a public listing, those shares then trade on a liquid secondary market.; differs — Shares are issued as blockchain tokens under the Swiss DLT Act rather than as registry book-entries at a traditional broker; the secondary market is a permissionless DEX (Camelot on Arbitrum) trading 24/7 with no lock-up, instead of a regulated stock exchange with settlement windows and brokers.