This week’s ownership coin rundown covers MetaDAO’s Coinbase listing, Zinc Cash’s mainnet debut, Crafts’ new token standard and the ReFi Hub ICO, plus updates from Umbra, Loyal, Jurassic Finance, and Star.

Ownership Coin Market Snapshot

  • Total Ownership Coin Market Cap: $120.44M
  • Total Ownership Coin Treasury Value: $31.49M

Ownership coin financials, decision market data, and token data are sourced from 01Resolved.

Key Takeaways

  • MetaDAO listed $META on Coinbase, expanding exchange access after KuCoin and giving the ownership coin category its broadest retail distribution point to date.
  • Zinc Cash crossed 16,400+ SOL in volume, roughly $1.35M, within 72 hours of mainnet launch and completed 75,000+ Arcium encrypted computations in its first 48 hours.
  • Crafts released STS v2 and set ReFi Hub’s sealed-bid ICO for June 2 to 5, targeting 14% tokenization at a $4M to $8M valuation range with a $400K minimum raise.
  • Paystream’s PAYS-003 passed by 0.87% resulting in a leaner operating structure.
  • Jurassic Finance named Tzvi Wiesel, CEO of BAXUS, as its first advisor and allocated 1% of the Labs entity from the core team’s allocation as compensation.

META lists on Coinbase, marking a mainstream distribution milestone

MetaDAO announced that $META is now trading on Coinbase, calling it a step toward making ownership coins accessible to everyone. The listing follows KuCoin earlier this month and materially expands the token’s distribution surface. MetaDAO’s treasury stands at $12.3M with 43.1 months of runway, per the launchpad’s financials on 01Resolved. $META trades at an $83.4 FDV and a 565.54% premium to NAV.

For ownership coins, distribution is not just a liquidity event. Broader exchange access increases the pool of holders who can own the token, follow the project, and participate in decision markets. Coinbase is the most accessible onramp the category has had so far, and it lands in the same week MetaDAO joined the Blockworks Transparency Alliance and approved a major security engagement.

The listing sits inside MetaDAO’s longer distribution arc and was a result of a January 2026 decision market, “Fund META Market Making”, which passed by 3.35% and helped establish the liquidity needed for major listings.

Zinc launch drives $1.35M volume and 75,000 encrypted computations

Zinc Cash launched its mainnet mining game and posted numbers that are difficult to contextualize against anything else in the ecosystem this week. Within 24 hours of launch, over 1,100 new miners had joined and +4,400 SOL had been deployed into mines. By the 72-hour mark, total volume had reached +16,400 SOL, approximately $1.35M. The platform uses Arcium encrypted computation as its core mechanic, and Zinc surpassed 75,000 total encrypted computations in just 48 hours after launch, a rate that, per the team, represents 250% growth relative to its two-week beta period, during which 150,000+ computations were completed.

The buyback-and-burn system is already active. An additional 650 SOL was spent purchasing 6,400 $ZINC (~$58,000), bringing total melted $ZINC to 20% of total mined supply.

Crafts releases STS v2 and opens ReFi Hub’s sealed-bid STO for June 2

Crafts introduced STS v2, an updated standard for issuing equity-linked tokens through a governed SPV structure. The framework combines sealed-bid issuance, one SPV/SAFE line on the issuer’s cap table, and predefined holder rights for key decisions after launch.

ReFi Hub is the first Stakeholder Token Offering (STO) under the Stakeholder Token Standard (STS) framework. The company is building tokenized energy infrastructure products, with its platform focused on real world energy assets and stablecoin-based investor access. Its Crafts offering runs June 2–5 and targets 14% tokenization of the company across a $4M–$8M valuation range, with a $400K minimum raise and an initial 10% tokenized allocation.

The issuance uses a sealed-bid auction, uniform-price auction. Participants commit USDC and submit the maximum valuation they are willing to accept within the range. Once the auction closes, accepted bidders receive the same clearing price, while bids below the clearing level are refunded.

The key change is what happens after issuance. Token holders govern the SPV, the SPV holds the SAFE or equity-linked claim, and predefined votes control SPV-level actions such as capital releases, secondary raises, liquidation, exit distributions, token mint freezes, and governance changes. Founders keep operational control of the company, while holders control the vehicle that holds the company-linked claim and remaining capital.

For Crafts, ReFi Hub is a live test of whether startup exposure can be issued with cleaner price discovery, cleaner cap-table treatment, and more explicit holder protections from day one. For the ownership coin category, the launch matters because it shows another model taking shape with treasury control and holder governance remaining onchain, while company operations stay with the founder.

Other ownership coin updates