This week's ownership coins briefing covers Laso Finance's completed raise on MetaDAO, Jurassic Finance's plans to fundraise for its first fossil acquisition, Umbra's Private Payroll launch, Loyal's Earn traction numbers, and new 01Resolved research on the Blockworks TTF and ownership coin fundamental analysis.
Ownership Coin Market Snapshot
- Total Ownership Coin Market Cap: $116M
- Total Ownership Coin Treasury Value: $29M
Ownership coin financials, decision market and token data sourced from 01Resolved.
Key Takeaways
- Laso Finance's raise on MetaDAO accepts $1M from ~$25.6M in commitments.
- Jurassic Finance released the terms of the Deaton raise and targets $660K.
- Umbra launched Private Payroll on Solana with Onramper funding and compliance.
- Loyal's Earn feature reached $130K TVL in its first week.
- 01Resolved published new research on the Blockworks TTF, Blockworks TTF ownership surface and ownership coin fundamental analysis.
Laso Finance Draws $25.6M in Commitments for $1M Accepted
Laso Finance comfortably surpassed its $750K goal on MetaDAO, attracting ~$25.6M in commitments from 715 investors. The team then decided to cap the raise at $1M, leaving it roughly 26x oversubscribed.
As a reminder, Laso builds private financial rails for humans and AI agents. Users fund prepaid cards, gift cards, and bank transfers directly from a crypto wallet, with no ID upload at onboarding.
The $LASO token launched at a $3M FDV with a price of $0.10, went live on July 4, and now trades at a ~75% premium to NAV (AS).
Laso Finance has been in operation for three years and was cashflow positive going into the raise. The platform has generated roughly $34K per month in revenue, which we'll now see flow into the DAO treasury. During the raise, Hunter, Laso's founder, was active in the MetaDAO Telegram community and noted that revenue has been climbing with $11K in the last week alone, up 50.7% over the week.
Laso has also signalled the project's first proposal will likely be to allocate a portion of funds raised toward increasing its pre-funded balance with issuing partners, so the platform can fulfil orders even during high-demand periods.
Laso's account registry on 01Resolved is currently in review.
Jurassic Shares the Raise Structure of its First Fossil Acquisition
Jurassic Finance shared its plans to raise $660K for its first fossil acquisition, Deaton, a museum grade Triceratops skull revealed last week. Of the total amount, $600K will go to an escrow for the seller and $60K to the $RAWR treasury.
The raise is planned for July. Deaton will be tokenized into 1M tokens, with contributors receiving 95% in proportion to what they put in and the remaining 5% going to the $RAWR treasury.
For investors, $RAWR provides portfolio and treasury exposure, while a tokenized asset like Deaton gives direct exposure to a single fossil.
Jurassic's financials on 01Resolved show ~$196K in treasury with ~16 to ~24 months of runway and $RAWR trading at an estimated ~134% premium to NAV.
Umbra Ships Private Payroll
Umbra launched Private Payroll on Solana, letting employers pay staff privately in USDC. Companies can fund payroll from any chain and pay out instantly to an employee's wallet or bank, with compliance and payroll history built in. Umbra is offering 5% cashback as an incentive to accelerate adoption.
Two weeks ago Umbra opened private payments to any neobank through Stealf Finance and integrated Onramper for funding. With Private Payroll, Umbra is broadening distribution, applying the same privacy offering to employers as it did on the retail side.
Umbra also kept expanding what can be traded privately on Solana, adding Zcash ($ZEC) and ZINC this week on top of Arcium's $ARX, each with a trading reward pool. It also announced Umbra Owner's Day, its first NYC event, on July 13.
Umbra's financials on 01Resolved show ~$2.7M in treasury with ~53 to ~78 months of runway and $UMBRA trading at an estimated ~64% premium to NAV.
Other ownership coin updates
- 01Resolved analyzed all 53 Blockworks Token Transparency Filings and separately made the case for the TTF needing an ownership section.
- 01Resolved also published its Ownership Coin Monthly for June, explaining why, for the first time in crypto, there are tokens worth doing fundamental analysis on.
- Loyal's Earn feature hit $130K TVL in its first week. Earn routes idle stablecoins into ~10% APY and now connects straight from the Loyal app, Phantom, or Ledger. Loyal's financials on 01Resolved show ~$364K in treasury with up to ~6 months of runway when factoring in the LP.
- PwePwe, the community owned pigeon livestream that raised on Spark last week, ran its first two decision markets. The first approved $500 from the treasury to reimburse the livestream hardware across 28 trades. The second named the first baby pigeon PUMP.
- Avici is offering 1:1 EUR on and off-ramps through MiCA-compliant partners with SEPA Instant, pitching itself as an alternative as other platforms wind down EUR services in Europe.
- functionSPACE is running a free-to-play World Cup knockout competition on propSPACE with a $6.5K prize pool.
- Ownership FM continues to bring on the voices everyone wants to hear, with Hunter of Laso Finance diving deep into privacy at the point of spend and Jurassic Finance advisors Rob Petrozzo and Tzvi Wiesel breaking down tokenized assets.
