Wall Street · New York · Crypto Briefing
Joris Delanoue argues that without native onchain infrastructure
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Wall Street almost drowned in paperwork once.
Key facts
- Its core product, the Open Cap Table Protocol (OCP), has administered more than $1.6 billion in equity value across over 180 issuers and funds
- In the late 1960s, daily trading volumes on the New York Stock Exchange surged from roughly 5 million shares to over 12 million, and the back-office infrastructure built for a quieter era simply
- They roughly doubled, going from 5 million to 12 million daily shares
- Joris Delanoue argues that without native onchain infrastructure, tokenized equities could hit the same bottleneck that nearly broke Wall Street six decades ago
Summary
Joris Delanoue argues that without native onchain infrastructure, tokenized equities could hit the same bottleneck that nearly broke Wall Street six decades ago. In the late 1960s, daily trading volumes on the New York Stock Exchange surged from roughly 5 million shares to over 12 million, and the back-office infrastructure built for a quieter era simply collapsed under the weight. Now, according to Fairmint CEO and co-founder Joris Delanoue, the fast-growing world of tokenized stocks is flirting with a remarkably similar disaster. Delanoue’s argument boils down to a structural mismatch. Today’s private equity markets, Delanoue contends, suffer from many of the same ailments: fragmentation, illiquidity, and heavy reliance on centralized intermediaries that weren’t designed for high-throughput digital transactions.