Raise · By invitation

The on-chain dealer network for tokenized assets.

Bootstrap-funded today. Raising a $750k–$2M angel pre-seed at a $15–20M post-money cap once the public replay report ships and the first integration closes. SAFE + warrant. Founders retain 78%+ equity through Stage 2.

Stage · Pre-seed angel Instrument · SAFE + warrant Use of funds · 12 months runway, technical & BD
Round size
$750k – $2M
Post-money cap
$15M – $20M
Founder retention
78%+ through Stage 2
Thesis

Closed-loop and open-network will both exist. Qualiq is the open-network half.

Yesterday's Securitize × Jump × Jupiter launch is the most credible RWA × Solana announcement to date and validates the category at the highest possible level. It is also the closed-loop pattern: three counterparties pre-negotiated in advance, vertically integrated, optimized for one regulatory wrapper.

Closed-loop wins where pre-alignment between counterparties is feasible and valuable (Securitize's regulated equity flow is exactly that case). Open-network wins everywhere pre-alignment isn't feasible: issuers Securitize hasn't signed; market makers other than Jump; assets the closed loops haven't yet covered; cross-deployer arbitrage in HIP-3; the long tail of tokenized RWAs.

Apple App Store and the broader internet. Bloomberg terminal and the broader market data ecosystem. NYSE specialist firm and the multi-dealer OTC. Both can be large; they cover different surfaces. Closed-loop integrated stacks naturally compound within their stacks. Open networks naturally compound across stacks.

Revenue

Three streams. USDC. Day one.

No token required for the unit economics. Token pre-allocated for governance optionality but launches only on specific traction triggers.

Stream Mechanic Mid-stage scale (12–18 mo)
Protocol fee on volume 0.5–1.5 bps tiered by per-market cumulative volume $7M ARR
Platform fee on sponsor budgets 5–10% retained from sponsor deposits $1–3M ARR
Perp DEX integration take rate 10–25% of perp DEX fees on Qualiq-routed flow $5–10M / quarter at HIP-3 trajectory
90-day plan

Three milestones gate Stage 1 fundraising.

  1. Week 8

    Public replay report

    Rigorous methodology comparing tokenized RWA execution quality on-chain versus reference NBBO. First public dataset of its kind.

  2. Week 10–12

    First perp DEX integration LOI

    Lighter, a HIP-3 deployer, or Ostium.

  3. Week 10–12

    First sponsor LOI

    A tokenization issuer or HIP-3 deployer funding a quality budget.

Once milestones land: Stage 1 angel pre-seed at $15–20M post-money cap, SAFE + warrant. Bootstrap-funded today; founders retain 78%+ equity through Stage 2.

Risks

Three things we'd flag honestly.

Cofounder partnership terms must be locked in 4 weeks (12-month exclusivity in RWA verticals, equity, token allocation, technical-spec engagement). Without this, the entire pivot is weaker. We will not raise until this is documented.

Inventory dependencies — the protocol is asset-agnostic and supports multiple inventory bridges, including direct issuer mint pathways. Alpaca BD relationship planned in week 2 to monitor ITN.

Regulatory — RWA flow involves tokenized securities. Incorporating directly as Cayman Foundation + BVI subsidiary. No US users, no US-targeted UI, ever. Co-founder MM entity is SG Pte Ltd dealing on own account, exempt from CMS licensing under MAS SF(LCB)R.

Investor contact

Track us. Come back at the milestones.

We are not raising today. The form below is for investors who want to be in the loop when the replay report ships and the first integration closes.

hello@qualiq.xyz