Kalshi (Tessera Pre-IPO)
Tessera is a decentralized private-market platform designed to give everyone exposure to leading private companies. By leveraging on-chain tokenization, Tessera allows users to obtain tokenized exposure using stablecoins, with redemption and settlement subject to the relevant terms and structure. Private equity is one of the best-performing asset classes globally, yet it remains fundamentally difficult to access. Exclusivity: only accredited investors—those with annual income exceeding $200K or net worth exceeding $1M—can participate directly. High minimum investments: existing platforms require investments of $100K or more. Insufficient liquidity: settlement can take weeks, and investors are often locked in for years. This structure prevents 99% of the global population from accessing a market that consistently outperforms public equities by more than 4% annually.
Overview
Tessera is a decentralized private-market platform designed to give everyone exposure to leading private companies. By leveraging on-chain tokenization, Tessera allows users to obtain tokenized exposure using stablecoins, with redemption and settlement subject to the relevant terms and structure. Private equity is one of the best-performing asset classes globally, yet it remains fundamentally difficult to access. Exclusivity: only accredited investors—those with annual income exceeding $200K or net worth exceeding $1M—can participate directly. High minimum investments: existing platforms require investments of $100K or more. Insufficient liquidity: settlement can take weeks, and investors are often locked in for years. This structure prevents 99% of the global population from accessing a market that consistently outperforms public equities by more than 4% annually.