Hold the shares
A company-specific SPV acquires the shares. Assets are managed separately for each product.
METS PROTOCOL
A way to join
what comes next.
Private-company opportunities, in smaller units.
Space & aviationSPACE
Payments & financeFINANCE
AITECHNOLOGY
01 / THE COMPANIES
Familiar companies.
A new way to participate.
COMPANY EXAMPLE / SPACEmSPCX
SpaceX
Participate in the space sector through company-specific units.
- Sector
- Space and transportation
- Participation unit
- Small-unit participation
02 / THE STRUCTURE
Your asset rights,
clearly connected.
A dedicated special purpose vehicle (SPV) holds the shares.
Economic interests in those assets are recorded as units.
Divide into units
Units are issued against the assets. Participation is available in smaller units.
Hold, trade, redeem
Trade with eligible counterparties, or redeem after the shares are sold and settlement is complete.
03 / THE PLATFORM TOKEN
METS supports
ongoing participation.
Asset tokens connect to company-specific assets.
METS provides benefits across the platform.
Priority access
Lock METS for 90 days to qualify for Silver or Gold priority application allocations.
Trading fee discounts
The proposed secondary trading fee discount is 25% for Silver and 50% for Gold.
Have your say
Use advisory votes to express interest in companies and priorities for platform improvements.
| Tier | Standard | Silver | Gold |
|---|---|---|---|
| 90-day lock | None required | 1,000 METS | 10,000 METS |
| Application access | General | General + priority | General + priority |
| Trading fee discount | None | 25% | 50% |
04 / YOUR JOURNEY
Stay informed,
after you join.
From your first application to reviewing your holdings,
trading and settlement, in one service.
OWNERSHIP / INFORMATION
HoldingsBy company and units
Asset informationMonthly reports
Trading and redemptionConditions and history
- 01
Verify and choose
Review the company, units, fees and eligibility requirements.
- 02
Apply and hold
Units are issued after acquisition and allocation. Review asset reports each month.
- 03
Trade or redeem
Receive proceeds from a matched trade, or after the underlying shares are sold and settled.
FEE GUIDE / AT A GLANCE
Initial purchase2%
Secondary trading0.5%
Asset management1% / year
Costs to review before purchase
Principal+Fees
06 / THE ROAD AHEAD
One foundation.
More possibilities.
STAGE 01
Build the foundation
Establish the first product, identity checks, purchases, holdings and asset reports.STAGE 02
Expand company choice
Add company-specific products, participant trading and METS tiers.STAGE 03
Support the journey
Broaden the company range and develop ongoing reporting, sale and redemption operations.QUESTIONS
A little
more detail.
Does buying METS mean I own SpaceX shares?
METS is the common token for priority access, discounts and advisory votes. Economic interests in individual products are represented by asset tokens such as mSPCX. Specific rights are defined in the product terms.
Can I sell at any time?
Orders are intended to be accepted continuously, but a trade requires an eligible counterparty and matching price and quantity. A sale at your preferred time or price is not guaranteed.
Does an IPO trigger immediate redemption?
Redemption follows the lifting of applicable sale restrictions, sale of the underlying shares and settlement of costs. Proceeds are received after the asset sale and settlement are complete, rather than at the moment of listing.
What should I review before participating?
Review the underlying assets, acquisition and issuance terms, fees, eligibility, trading restrictions and redemption conditions.Chapter 12 of the whitepaper explains the proposed responses if acquisition, sales or operations do not proceed as planned.