Shared upside. Aligned by design.
For select high-growth blockchain and AI ventures, part of our fee can be taken as a minority equity or token stake, alongside or instead of cash. We only win when you do. Watch your value and our stake climb together, vesting milestone by milestone.
Fees that share the risk.
Early ventures need capability more than they can afford it. Taking part of our fee as a stake lets you keep runway while we keep skin in the game. If you succeed, we share in it. If you don’t, neither do we.
Equity participation
A minority shareholding issued in place of part of our fee, vesting as we deliver against agreed milestones.
Token participation
Where your venture has a token, an allocation on the same vesting and lock-up terms as other early contributors, never more favourable.
Hybrid fees
A blend of reduced cash fees and a stake, sized so you protect runway and we stay accountable for outcomes.
See how a blended fee shares the outcome.
Choose how much of the fee is deferred into a stake, then pick an outcome. The bars show, in relative terms, what you pay now and what our stake is worth to us later. Illustrative only; not investment advice.
We hold minority, non-controlling positions only, and usually cap the deferred share well below the full fee so both sides carry the risk.
You pay in cash now
70Deferred into our stake
30Our stake’s value at the outcome
30Alignment
If the venture meets its plan, our stake recovers roughly what we deferred, later than cash would have.
Check your fit.
Equity and token participation suits a particular kind of venture at a particular moment. Tick what applies; the meter shows whether a stake-based fee is likely to fit, or whether fee-for-service would serve you better.
Shared upside, never shared conflicts.
A stake changes our incentives, so the rules around it are strict and written down before any work begins.
Independence first
We never take a stake in a venture we audit or provide assurance to, and we never audit a venture we hold a stake in.
Committee approval
Every stake is approved by an independent investment committee, with conflicts declared and recorded.
Minority, non-controlling
We hold minority positions only. Control of your company, and of your token’s governance, stays with you.
Vesting and lock-ups
Stakes vest against delivery milestones and follow the same lock-up terms as other early contributors.
Regulation respected
Structures are reviewed against securities, financial-promotion and crypto-asset rules in each relevant jurisdiction. We never promote or sell tokens to the public.
Valued transparently
Deferred fees are recorded at an agreed value, with an independent valuation where one is needed.
From first conversation to realised value.
Assess fit
We look at the venture, the team, the regulatory position and whether our delivery role is meaningful.
Structure
A term sheet sets the stake size, instrument, vesting schedule, rights and exit terms before work starts.
Deliver
We deliver against agreed milestones, reporting progress exactly as we would on a cash engagement.
Vest & govern
Each milestone is signed off before the next portion vests. Information rights keep both sides informed.
Realise
Value is realised in an orderly, pre-agreed way: a liquidity event, a buy-back or scheduled token unlocks.
Example partnerships.
Illustrative scenarios, not past clients.
Settlement network launch
A start-up building a tokenised settlement network pays part of its delivery fee in tokens, vesting at audit, launch and volume milestones.
Agent platform build
An AI scale-up conserves cash by combining a reduced fee with a minority equity stake, vesting as its orchestration layer reaches production.
Shared industry ledger
Members of a consortium network grant a small allocation for delivery and governance support, held on equal terms with founding members.
Spin-out support
A corporate spin-out offers equity for strategy, build and team hiring, with a board observer seat during its first two years.
Equity and tokens, answered plainly.
Is this investment advice?
No. We are a delivery partner taking a stake in place of part of our fee, not an investment adviser. Take your own legal, tax and financial advice on any structure.
How big a stake do you take?
Always a minority, non-controlling position, sized against the fee deferred and your valuation, and agreed in a term sheet before work starts.
What if milestones are missed?
Unvested portions do not vest. The terms set out what happens on delays, scope changes or early termination.
Can the whole fee be paid in equity or tokens?
Rarely. We usually blend cash and a stake so both sides share the risk and the engagement stays sustainable.
Do you sell the tokens you receive?
Only in line with agreed vesting and lock-ups, never in ways that would harm your token’s market, and never through public promotion.
When is this available?
We offer stake-based fees selectively, as our track record grows. Register interest and we will tell you whether your venture could qualify.
How long does the assessment take?
Initial screening takes about two weeks. Due diligence and agreeing terms usually take four to eight weeks.
What do you need from us?
Your plan, financials, cap table or token structure, and independent legal advice on the proposed arrangement.
Is part of the fee still paid in cash?
Yes. Participation replaces only part of the fee, so delivery is never funded by the stake alone.