Interesting to ponder what happens if & when every company can go public on @Solana early in their life Today we think of tokenization as the defacto "going public" for a crypto entity but it fails to deliver on shared ownership, which is the original premise of public companies There are a number of infra pieces that Solana delivers through Token Extensions, however mostly this will require new opinionated products around token launches and governance (yes, we actually do need more token launchpads!) 1) We need tools that make transparency easier. You see entities reporting on fees, but very few on balance sheet, vesting schedules, and there's 0 transparency around planned selling from founders & large stakeholders. In the absence of this, every single tokenized entity lives in a perpetual rumor mill which is hugely distracting. The @JupiterExchange token holder report was a great step in that direction, I'd like to see more like this. 2) We could introduce dual class tokens, so that founders can maintain governance control even as ownership gets distributed (should be possible with TEs on Solana). Upon those tokens being sold, they would lose their voting power. 3) I would propose restricted trading windows, e.g. tokens are tradable once a quarter for 3 days. Yes, this probably hurts liquidity but it allows founders to cook. In these windows, we could also have staged token releases so that companies can progressively raise capital (e.g. 1% every quarter) 4) The big one here is economic rights; moving beyond buybacks to profit & revenue sharing rights. This one is blocked by regulation in most places unfortunately. I believe this will change with time