Every @handle is investable.

A coffee shop, a recording artist, a kid with a YouTube channel, a country — anyone with revenue can issue capital. Anyone with $5 can subscribe. Distributions route pro-rata, automatically, forever.

Discover open raises Issue your own

Replaces

$120T

global equity markets

Replaces

$13T

private equity AUM

Replaces

$30B/yr

IPO + listing fees

Min ticket

anyone can subscribe

How a raise works on Sovereign

The whole exchange in four operations. No underwriter. No SEC accreditation gate. The protocol is the cap table.

Issue

An @handle creates an Instrument: kind (equity / revenue share), terms, target raise, regulatory mode. Goes live as DRAFT, opens with one click.

Anyone meeting the regulatory mode commits Loadit USD. The protocol allocates basis-point shares of the offered tranche, exact integer math.

The round closes when maxRaise hits or the issuer manually closes. Cap table is final. Subscriptions are now positions.

Distribute

Issuer pushes USD into the instrument. Engine splits pro-rata across all positions per shareBps. Ledger frozen, audit-perfect, forever.

Equity

Offer % ownership of an entity. Distributions on revenue or exit events. Cap table maintained at the basis-point level.

Revenue share

Sell a fixed percentage of revenue for N years, capped at a multiple of money (e.g. 1.8×). Hipgnosis, but for everyone.

Regulatory hybrid

Tag offerings: OPEN / ACCREDITED / Reg CF / Reg A / Reg S / PRIVATE. Protocol enforces; jurisdictions layer on top.

Why this matters

No more accreditation cartels.

Today: a 24-year-old wanting to open a dental practice goes to a bank, gets denied or pays a 9% rate, signs a personal guarantee, owns 100% of nothing. A successful YouTuber wanting to expand their studio sells equity through a Goldman Sachs banker who skims 7% and gates the offering to “accredited” investors only. Both are gatekeeping arbitrage.

On Sovereign: the dental hygienist issues @kelseyrhodes.practice — 30% of net revenue for 7 years, $80K target, $25 minimum ticket. Her Resonance network finds it in their feed. 412 supporters chip in. Loadit auto-distributes their share of every cleaning revenue, splits routed in real-time. She owns 70% forever. Her supporters made 1.8× their money.

See open raises