Building an Internet-native Global Capital Market

A certain blockchain platform is dedicated to allowing anyone with an internet connection to participate in the Capital Market. Users only need to download a wallet or application to easily join this globally accessible ledger, enabling the tokenization of entities, currencies, and cultures.

The importance of this vision lies in creating a world where anyone can own assets anytime and anywhere with just an internet connection. These assets can include global companies, real estate, commodities, and even cultural expressions. The competition for high-performance blockchain is not only to establish a decentralized exchange but also to create an internet-native capital market with better accessibility, lower latency, and shared global liquidity.

Currently, only about 15% of the global population can participate in the US Capital Market—the most liquid market in the world. In contrast, many other countries' capital markets lack liquidity, have high entry costs, and low settlement efficiency. In comparison, the cryptocurrency market is more accessible and liquid. At its peak, its trading volume even surpassed that of traditional stock exchanges.

In the future, the company will directly list "on the Internet," reaching over one billion investors holding private keys. This is not limited to stocks, but includes all valuable asset classes, culture, and ideas.

To accelerate the journey towards this future, the platform proposes the F.A.T. protocol engineering concept, focusing on founders, applications, and tokenization:

1. F represents Founders: The platform provides founders with the opportunity to grow from garage startups to billion-dollar companies. Through projects like hackathons and accelerators, the ecosystem supports founders in their rapid growth.

2. A representative application: The platform prioritizes products that users truly need. In October 2024, application revenue reached $73 million, a year-on-year increase of 185 times. 74% of the funds within the ecosystem flowed towards applications because the founders followed user demand.

3. T stands for Tokenization: The platform is becoming the preferred platform for the issuance of internet assets. The past 6 months have witnessed the issuance of 2.6 million tokens, accounting for 78% of the total on all blockchains. With the follow-up of adoption, tools, and regulation, super-tokenization will accelerate its development.

Each component of F.A.T. promotes each other: more founders launch products, more products attract users, more users drive capital tokenization, and more capital attracts more founders. This positive cycle drives the rapid development of the ecosystem.

At the same time, the team focused on the core protocol continues to work hard to improve performance and optimize the experience. By pushing the limits of hardware and software, they enhance the performance and capacity of the underlying layer. Increasing bandwidth and reducing latency are key strategies of the platform, reflecting its commitment to building infrastructure for practical use.

The platform advocates a product culture that is opinionated yet pragmatic, continuously making tough trade-offs, launching and iterating in the real world to find product-market fit. This culture attracts practitioners, not just academics.

In the future, the platform will support these core pillars through various activities and content, celebrating outstanding founders, applications, and tokenization projects, while teams continue to work on improving speed and performance. Given that innovation revival seems to be unfolding in the United States, the platform will also refocus on the U.S. market.