Jarsy is trying to break the 'closed club' mechanism of private equity investment. It allows investment in unlisted unicorn companies in Web3, reducing the threshold for investing in top unicorns like SpaceX and Vercel to $10. While the crypto market is sluggish, the US Pre-IPO market, with its high-quality assets (such as AI, robotics, and aerospace technology), is attracting global investors' bets. Jarsy provides a solution for ordinary people to participate. Recently, during the Black Friday Thanksgiving event, there was a no-transaction-fee promotion that allowed for a low-cost experience.

Register on Jarsy, just log in using Google -https://app.jarsy.com/?invite_code=a3iczs

Here is an introduction to the Jarsy platform 👇

1. Business Model and Technical Architecture

  • 1:1 Asset Mapping: Jarsy is different from a purely synthetic asset platform; the tokens it issues directly track the shares of underlying private companies, with each token backed 1:1 by real custody shares.

  • Frictionless Experience (Web2.5): Lowering the cognitive threshold for web3, Jarsy has removed the cognitive barriers of mnemonic phrases and gas fees. Users log in via email, supporting USDC or fiat payments. This design of 'decentralized backend + centralized experience' greatly expands the user funnel.

  • Elite Team Background: Founder Han Qin has an executive background at Uber China and Afterpay, with experience in dealing with complex cross-border compliance and issues faced during rapid user growth at unicorn companies.

2. Analysis of Underlying Asset Quality (Alpha Source)

The core attraction of Jarsy lies in the scarcity and high growth potential of its target assets:

  • Cornerstone Asset: SpaceX (valuation $400 billion) provides stability similar to infrastructure, and the mature cash flow of Starlink makes it a preferred choice for defensive allocations.

  • AI Premium Assets: Figure AI (valuation $39 billion) and Vercel (valuation $9.3 billion, 45x ARR) market has high expectations for embodied intelligence and AI infrastructure.

  • Momentum Assets: Apptronik shows a premium of up to 148% in the secondary market, indicating a huge arbitrage opportunity between primary market pricing and secondary market demand.

3. Jarsy's compliance and fund security

Is it compliant, and is there regulatory risk?

This is the biggest uncertainty in the Jarsy model. To avoid being deemed as illegal securities issuance by regulators (such as the SEC), they have devised a solution.

A. Special Purpose Vehicle (SPV) Structure

  • Mechanism: Jarsy will not sell SpaceX stock directly to you (because SpaceX does not allow random transfers and has a limit on the number of shareholders). Jarsy will establish an SPV (Special Purpose Vehicle/Fund) to manage it.

  • Compliance Point: Holding SpaceX shares through a single entity. Then, Jarsy will 'tokenize' or 'fragment' the rights of this SPV and sell them to users. Users hold shares of the SPV, not SpaceX directly.

  • Function: This structure is very common in traditional private equity, and Jarsy has Web3-ified it.

B. Regulatory Exemption Regulations (Regulation S vs Regulation D)

  • For U.S. users: Generally still required to comply with Regulation D, meaning you must be an accredited investor (assets > $1 million or annual income > $200,000).

  • For global users (key point): Platforms like Jarsy typically utilize the Regulation S exemption in the U.S. This allows U.S. companies to sell securities to non-U.S. persons without registering with the SEC.

  • KYC/AML: Therefore, Jarsy will require strict KYC (identity verification) and AML (anti-money laundering) checks to ensure investors are not residents of sanctioned areas or non-compliant U.S. residents.

C. Collaborate with Licensed Institutions

  • Jarsy itself may be more of a 'technology platform' or 'frontend interface,' while the underlying asset custody and fund flow usually connect with partners holding Broker-Dealer licenses or regulated trust companies.

Can the assets be secured?

This is the biggest pain point in the Web3 RWA track: 'How to secure off-chain assets?' If you buy Jarsy tokens/shares, what happens if Jarsy runs away?

A. Asset Isolation

The compliant structure requires that the SPV is 'bankruptcy isolated.' The operational funds of the platform and the user investment assets are completely separate. Even if Jarsy goes bankrupt, the SPV holding SpaceX shares still exists and belongs to the SPV's shareholders (i.e., investors). Theoretically, creditors cannot repay Jarsy’s debts by liquidating the SPV's assets.

B. Custody Mechanism

This point is crucial. You need to confirm whether the equity documents of SpaceX (physical or electronic certificates) are held by a qualified third-party custodian or by Jarsy itself. If held by a third-party audited custodian, the security is higher; if the platform controls the private keys and equity documents, there is a risk of misappropriation.

C. Exit and Liquidity Risk (the biggest real risk)

Since it is unlisted stock: Even if the platform is compliant, the assets are secure, you still face liquidity risk. If SpaceX delays its IPO for 5 years, your funds may be locked for 5 years. Jarsy provides secondary market trading (buying and selling shares with USDC), but liquidity depends on the platform's depth; if the depth is too low, there may be no buyers when you want to sell.

4. How to Participate

1. Register on Jarsy, just log in using Google -https://app.jarsy.com/?invite_code=a3iczs

2. Use the invitation code [a3iczs] to complete KYC in your personal center

3. Upload passport, fill in name, date of birth, address, and other simple information

4. After the review is completed, use the BASE chain to recharge USDC to the wallet address in your personal center

5. You can purchase shares of well-known unicorn companies like xAI, SpaceX, Kraken on the homepage.

5. Summary

The emergence of Jarsy is essentially an attempt to achieve financial equality. It successfully brings the 'private equity game' that was once only for high-net-worth individuals and institutions into the view of ordinary investors.

In the current volatile crypto market, lacking quality targets, Jarsy provides a 'wormhole' for unlisted US stock hard-tech assets. Whether it’s SpaceX or xAI, it allows betting in promising sectors, offering quality asset channels beyond crypto.

Investing in unicorns is a game of time; it requires you to have a long-term belief in technological trends rather than short-term speculative impulses. If you believe in the future of these hard technologies and are willing to invest small amounts to capture the growth dividends before top companies go public, Jarsy undoubtedly provides a highly cost-effective 'ticket to entry.'