Bankless unveils plans for onchain IPO on Canton Network, offering 230K tokenized equity shares at $300 each as it pushes community ownership under new digital securities framework

$69M raise (230K shares × $300) on Canton — a chain purpose-built for DTCC treasury tokenization and institutional repo, now hosting a crypto-media company's community equity drop. Bankless's own research arm argued that tokenization alone doesn't fix pre-IPO dysfunction, so they're clearly betting Canton's SEC no-action letter and institutional compliance stack do the heavy lifting that "just put it onchain" never could. Three competing onchain equity rails now — NYSE/Securitize, Backpack/Superstate Opening Bell, and Canton — and issuers will pick based on regulatory cover over liquidity depth every time until secondary markets actually materialize.

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