What if retail didn’t have to wait for the IPO?

In this episode of the RWA Igloominati Podcast, Jon sits down with Hadan from Tessera PE, a platform bringing tokenized private equity on-chain, to explore how users can get exposure to companies like SpaceX before they ever hit public markets.

This is one of the most restricted asset classes in finance… now being opened up through crypto rails.

🧠 In this episode:

🚀 How Tessera PE enables pre-IPO exposure through tokenized assets ⚖️ The “loan vs security” structure and how it avoids traditional restrictions 🏦 How SPVs are used to hold underlying private equity 🔍 Proof of reserves, audits, and on-chain transparency 📊 24/7 trading and price discovery for private companies 🤖 AI agents arbitraging pricing across markets 🌍 Access via crypto wallets (and the path to mainstream UX) 📈 The full lifecycle: entry → IPO → redemption 🏛️ Robinhood vs on-chain models, permissioned vs permissionless

🎯 The Bigger Idea

Private equity has historically been:

• Closed to retail
• Illiquid
• Difficult to access

Tessera PE is attempting to change that.

By combining financial structuring with blockchain rails, it creates a system where users can:

⚡ Access early-stage valuations 🌐 Trade globally, 24/7 🔍 See transparent pricing in markets that were previously opaque

👀 What Matters Next

• Major IPO candidates like SpaceX and AI companies
• Growth of tokenized private markets as price discovery tools
• Better UX that abstracts away crypto complexity
• Increasing demand for early access to high-growth companies

📌 Follow Hadan: https://x.com/defipoet 📌 Follow Tessera PE: https://x.com/tessera_pe

📌 Follow RWA Igloominati: https://x.com/RWA_igloominati 📌 Follow Jon Reynolds: https://x.com/_jreynolds999 📌 Follow Alan Thomas: https://x.com/alancarroII

👉 Follow / subscribe for more conversations at the intersection of RWAs, DeFi, and the future of global capital markets.