The institutional venue for tokenized venture and private equity.
Petra brings capital formation and secondary liquidity for private companies onto regulated, programmable rails — built for venture funds, family offices, and the institutional buy side.
Venture-stage and growth equity is inaccessible to most investors. Manual processes, high minimums, and gated networks have kept private company ownership concentrated in the hands of a few.
Existing token frameworks treat equity as an afterthought. There is no compliant, purpose-built standard for issuing and trading regulated equity securities on Solana — until now.
Founders navigate disconnected cap tables, expensive intermediaries, and months-long closing timelines. Capital formation should be digital, fast, and verifiable on-chain.
Employees, angels, and early investors are locked into illiquid positions for years. Secondary liquidity for private equity has historically required expensive, manual tender processes.
Bring a private company on-chain.
Petra wraps a Reg A, Reg D, or Reg S issuance in a tokenized SPV with a ready-made cap table, transfer agent of record, and embedded compliance. Legal, cap table integration, and transfer agent setup are handled end to end.
Continuous liquidity for traditionally illiquid stakes.
A network of pre-onboarded institutional buyers, an automated market maker, within the confines of an ATS. Bilateral negotiation is preserved through hidden books, and continuous trading replaces months-long tender processes.
Dividends and waterfalls on a single rail.
Cash and stock distributions are computed by the cap table and routed atomically to holders — carry, recycling, and waterfall logic encoded once and applied on every event. No reconciliation tickets.
Issuer onboarding
GP or sponsor signs a master issuance agreement; KYC/AML and offering documents are filed once.
1–4 weeksSPV & token mint
Petra establishes a tokenized SPV, files for exempt offering, and mints the cap table to qualified custodians.
2–12 weeksPrimary subscription
Qualified LPs subscribe through the venue with embedded suitability checks; capital settles T+0.
Same daySecondary listing
Holdings become tradeable on Petra’s ATS subject to lockups; bilateral and continuous books open.
Day 1+Distribution events
Cash dividends, stock splits, and waterfall events are computed by the cap table and routed atomically.
OngoingQ01How is Petra different from a traditional secondary platform?↘
Traditional secondary platforms operate as bulletin boards: a buyer and seller agree on a price off-platform, the platform records the transfer, and settlement happens through manual papering and a transfer agent. The cycle takes weeks and the cap table sits in a spreadsheet.
Petra moves the cap table itself onto the venue. Subscriptions, transfers, and distributions are events on a single ledger; secondary trades clear in T+0 against the live cap table; waterfall and carry math is computed once and applied automatically. The venue is the system of record.
Q02What is the regulatory perimeter?↘
All offerings abide by SEC and FINRA, and where applicable, have a FINRA-registered broker-dealer, transfer agent, and Alternative Trading System license.
Q03Who can hold a Petra-issued token?↘
Eligibility is determined by the offering exemption: accredited investors under Rule 501 of Regulation D, non-U.S. persons under Regulation S, U.S. and non-U.S. retail under Regulation A (Tier 2), qualified institutional buyers under Rule 144A, and qualified purchasers as defined in Section 2(a)(51) of the Investment Company Act. Issuance-specific rulebooks can further narrow eligibility.
Q04What does it cost to issue on Petra?↘
Standard rate card is 15 basis points on issuance gross proceeds and 8 basis points on secondary notional. Volume tiers are available for issuers above $250M annual issuance and for ATS subscribers above $1B annual notional.
Q05What custody arrangements does Petra support?↘
Custody is done exclusively by Anchorage Digital, a qualified custodian under SEC 17 CFR 270.17f-7.
Issue, list, or route flow through Petra.
If you are a founder, investor, or liquidity provider, reach out. We typically respond within one business day.