Private equity tokenization platform Jarsy launches out of stealth with pre-seed backing from Breyer Capital

Jarsy, a Web3 platform offering retail investors tokenized shares of private companies, launched out of stealth on Thursday with backing from venture firm Breyer Capital.

The startup will unlock access to pre-IPO companies by issuing a token that directly tracks that company's private shares, including for high-profile firms like Anthropic and Stripe. Each token minted on Jarsy is backed 1:1 by shares and investors can buy-in for as little as $10, according to company statement on Thursday.

"Private equity investing has been a closed club for far too long," Han Qin, co-founder and CEO of Jarsy, said in a statement. "We started Jarsy to rewrite the playbook — bringing accessibility, transparency, and blockchain technology to a space that's been gatekept by institutions and ultra-high net worth individuals."

Jarsy joins other firms deploying Web3 tech to tokenize corporate equity for improved accessibility. The investment platform Republic, for instance, plans to issue digital assets directly tracking the performance of private companies like SpaceX, OpenAI, and Anthropic while crypto exchange Kraken is also getting into the tokenized stock trade outside of the U.S.

On Thursday, publicly-traded Solana treasury firm Upexi also announced plans to tokenize its shares through SuperState's Opening Bell for round-the-clock trading and settlement, The Block previously reported.

Jarsy raised $5 million in a pre-seed funding round led by Breyer Capital with additional support from Karman Ventures and numerous angel investors. It plans to use the capital to develop new products and bolster its regulatory compliance initiatives, it said.