Private equity is one of the largest asset classes in global finance. It sits in the multi-trillion dollar range and holds ownership in many of the companies that shape modern industry.
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Yet participation has historically been narrow. Access has depended on accreditation standards, high minimum commitments, long lockups, and slow settlement infrastructure. Transfers can take weeks. Allocations are limited. The structure favors institutions and high-net-worth participants.
This is the seven trillion dollar problem. Enormous value creation exists inside private markets, but the mechanics of access and transfer prevent broad participation.
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A Structural Mismatch
The issue is structural. Private equity was built for a world of manual settlement, paper documentation, and limited global connectivity. Those assumptions shaped distribution and liquidity.
The financial rails have since changed.
Stablecoins represent billions in settlement-ready capital. Public blockchains enable instant transfers. Markets operate continuously. Transparency can be verified on-chain instead of reconciled through intermediaries.
Private equity has largely remained on legacy infrastructure.
Rethinking Delivery
Tessera approaches this by rethinking how exposure is delivered. Users lend stablecoins and receive Tessera Tokens representing loan participation rights tied to underlying private company exposure. Participation can begin at one dollar. Tokens settle instantly on Solana. They can be transferred, traded, or integrated into DeFi protocols from day one.
There is no multi-week settlement process. There is no six-figure minimum commitment. There is no identity verification at the protocol level before holding or transferring tokens.
Institutional Standards, Modern Rails
Behind the interface, stablecoins flow into segregated portfolios that acquire real economic exposure to private companies. Each portfolio is legally ring-fenced. Tokens are minted one-to-one against portfolio exposure. Chainlink Proof of Reserve verifies that token supply matches underlying holdings. Fireblocks secures operational authority.
The mechanics are designed to maintain institutional standards while modernizing settlement and distribution.
What Changes at the User Level
The difference becomes clear at the user level. Participation does not require negotiating allocation. Ownership does not depend on waiting for manual confirmation. Transfers do not take weeks. Redemption at a liquidity event is structured and transparent.
Liquidity changes how capital behaves. Smaller position sizes become possible. Participation becomes repeatable. Secondary markets can develop depth. Price discovery becomes continuous rather than episodic.
Private equity remains exposure to private companies with uncertain outcomes. What changes is who can hold that exposure and how easily it can move.
Access as Infrastructure
Access influences outcomes. When minimums shrink and settlement friction falls, participation broadens. A broader base of participants introduces new liquidity dynamics and a different ownership profile.
The seven trillion dollar problem was never about a lack of investor interest. The best private companies were never hard to find, they were hard to access. Tokenization fixes this.
Tessera positions itself within that shift. By aligning private equity exposure with on-chain settlement, granular participation, and transparent verification, it reframes distribution without altering the underlying economic logic of the asset.
Private equity remains what it has always been. The system around it evolves. And when infrastructure evolves, participation follows.
This article is for informational purposes only and does not constitute financial advice.
