Next step will be to allow founders to capital raise on the blockchain but do it in a way where they don't dilute control even if they do dilute ownership. That could be achieved by having a large number of token buyers to prevent third-party ownership concentration. But could they merge into a voting block?
Surely this has been done before? Is there any way to make newly issued tokens equivalent to conventional equity so no rug-pulls? Are Decentralized Autonomous Organizations currently being used to this effect?
Imagine distributing a firm's revenues directly to shareholders in real-time. Everything stays on the blockchain. That's crazy!
Binance moving in a similar direction. I was thinking more in the realm of early-stage private equity. I think Switzerland is in the process of allowing it but there are significant hurdles.
https://gemini.google.com/share/b06020007217 (see bottom)
A black market may arise for this sort of stuff. People won't want to be locked out of investing due to not being eligible due to lack of High Net-Worth status. Is that even validated on the blockchain? Maybe such investing could be classed as gambling in certain places.