Jarsy wants to democratize access to private securities, and the platform has just emerged from stealth mode.
According to a note from the firm, Jarsy has raised $5 million in seed funding led by Breyer Capital, along with the support of some well-known names. Other investors include Karman Ventures, Evan Cheng (Mysten Labs), Nathan McCauley (Anchorage), Richard Liu (Huma Finance), and executives from Niantic, EigenLayer, Moonpay, Babylon Labs, Zettablock, and Confluent.
Jarsy aims to tokenize private securities and then make them accessible to all investors.
As everyone should know by now, the private securities market is booming while publicly traded firms have been in decline for years. This is largely due to elected officials doing what they do best, creating obtuse rules with consequences that do more harm than good. Jarsy says it will make venture deals and private equity accessible to everyone by using blockchain. These tokenized assets will “break down barriers” to private markets. Jarsy lists some of the names of securities expected to be available, like Stripe, Anthropic, Perplexity AI, and more.
Similar to what Republic just announced, Jarsy will issue tokens that match an asset one-to-one while Jarsy holds the actual asset.
Investors can pay using old money or new – like USDC.
Jarsy CEO Han Qin is a veteran of Uber, having helped launch the company in China. He has also punched his ticket at Facebook and BNPL provider Afterpay.
COO Yiying Hu is also an Uber alumnus and previously worked at Square.
Chunyang Shen, CTO, was a lead engineer at Uber and worked at both Afterpay and Silicon Valley VC scout.
Qin says that PE investing has been a closed club for far too long.
“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. We built Jarsy for a new generation of everyday investors – whether crypto-natives or completely new to blockchain – to democratize access to pre-IPO investments.”
Jarsy says the new money will be used to boost product development and work on compliance initiatives while adding to the executive team.
Jarsy is also investing in partnerships with legal and financial institutions, including Wilson Sonsini Goodrich & Rosati to build a compliance roadmap.