Debate over tokenizing private-company shares… “Tracking the performance of SpaceX and OpenAI”
Summary
- Hecto Finance said it introduced an on-chain token index that tracks the performance of private companies valued at more than $100 billion.
- It said the index targets private companies such as SpaceX and OpenAI and is being developed on the Canton Network.
- Brickken’s CEO said that tokenizing shares without corporate consent could undermine investor protection and erode market trust.
The idea of tokenizing shares in private companies is stirring debate across the industry.
According to CoinDesk, a cryptocurrency-focused media outlet, the topic was a key talking point at the Consensus Hong Kong 2026 event on the 18th (local time). Ultan Miller introduced Hecto Finance, an on-chain token index designed to track the performance of private companies valued at more than $100 billion.
Hecto Finance includes private firms such as SpaceX and OpenAI as index constituents and is being developed on the Canton Network, a blockchain for real-world asset (RWA) tokenization. The structure is such that when investors deposit funds into a vault, they receive tokens proportional to the index’s performance.
By contrast, Edwin Mata, CEO of tokenization platform Brickken, said that “tokenizing shares without a company’s consent undermines investor protection and can erode market trust,” adding that “players chasing profits without understanding securities structuring or corporate law are causing market disruption.”
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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