+ to the post above, some useful information from FAQ:
Is SpaceX issuing new shares for these tokens? Does the money go to SpaceX or Elon Musk?The fund created by Ambisafe and their partner is purchasing existing private shares of SpaceX on the secondary market. A token represents a share in the fund that owns the SpaceX shares and/or a derivative instrument in the SpaceX shares. SpaceX shares are currently restricted securities, meaning that they cannot be purchased on public exchanges such as NASDAQ or the NYSE.
Who is organizing the Token Sale?Ambisafe. Launched 30 token sales, with 250,000 contributors and $300M raised in total.
Orderbook. Decentralized ICO platform with 40,000 users with integrated KYC verification. Token sales will happen on its infrastructure.
US Capital Global. Launches a fund with Ambisafe to purchase SpaceX shares or derivatives for tokenization.
How does the tokenization of SpaceX shares work?Partnering with an Investment Bank, Ambisafe is launching a fund, that buys shares of SpaceX on the secondary market. The token represents a share in the fund that owns an economic interest in the shares of SpaceX. The fund is set up in such a way that token holders are expected to get financial returns, equivalent to what owners of the shares get, minus certain applicable fees and expenses: every time the company valuation increases, token holders would be able to trade their tokens at the new price. Once SpaceX goes public, the fund will sell underlying shares and distribute proceeds among token holder cryptocurrency wallets.
This is as close as we can get to having SpaceX on blockchain today, but Ambisafe is committed to moving the actual shares of other companies to the blockchain in near future.
