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We are Borderless, pioneering Parallel Entity's social implementation
The Borderless team is here with some exciting news.
We've just hit a major milestone that we can't wait to share with you!
As you may know since April 2024,
DAO LLCs have become one of the legal business structure options in Japan!
More details here ↓
Introducing the DAO LLC, a New Corporate Entity Type in JapanIntroductionHello! This is the first blog post from Borderless.company, a RWA platform currently being developed by Overlay AG. Using the Borderless platform, you can start a company, tokenize your equity, legally sell equity and other tokens to investors, conduct on-chain governance, and distribute dividends or other tokens to token holders.
In short:
- 🚀 Successfully completed Japan's first pilot LLC-DAO fundraising through Borderless integration
- ️ Reduced traditional LLC membership process time from weeks to just 10 minutes
- 💰 Achieved 90% cost reduction in membership management
- 🤝 Partnered with KabaDAO, a coffee grounds recycling project in Fukuoka
- 🌐 Developed by Overlay AG in Switzerland's Crypto Valley
Working with KabaDAO, a coffee grounds recycling project in Fukuoka, Japan.
We've managed to slash the traditional LLC membership process costs and time by a whopping 90%!
Here's what we automated:
Contract signing
Identity verification
Capital contribution and proof
Member registry updates
Digital membership rights distribution
And the best part? The entire process takes just 10 minutes instead of the usual weeks! 🚀
KabaDAO is a fantastic project born out of the "FUKUOKA DAO CAMP" (a Web3 incubation program by Fukuoka City and Fracton Ventures). They're revolutionizing how we think about coffee waste management.
Here's what one of their new members who participated self-public offering had to say:
"As a coffee enthusiast, I discovered KabaDAO at SCAJ2024. With coffee prices soaring, being part of a decision-making process for a coffee grounds recycling ecosystem adds a whole new dimension to my coffee passion!" — Business Owner, 66, Nagoya
Borderless is a "Parallel Entity" launching kit.
A Parallel Entity refers to an organization that simultaneously maintains its existence both as a legal entity and as an on-chain entity.
It is a blockchain-based organization that can be operated and executed under the same organizational rules as those governing legal entities (such as articles of incorporation and internal regulations).
A typical company that has a share like stock and membership could use this scheme to bring their shares onto the blockchain and unlock the opportunity to onboard millions of potential shareholders.
Capital raising at ICO speed, unleashing DAO's collaborative power.
We give companies their gateway to the Ethereum---their bridge to the world.
Our platform lets organizations:
Set up an on-chain entity just to import companies' Articles of Incorporation and other internal rules such as operating agreements.
Tokenize companies' shares and rights.
Self-public offering with tokenized share.
...all through a simple website integration!
We're developed by Overlay AG, based in Switzerland's Crypto Valley (Zug).
Our mission? Bridging the gap between traditional legal structures and cutting-edge blockchain technology to create the future of company management.
This successful pilot isn't just about streamlining processes - it's about democratizing access to DAO structures and making them work in the real world. We're turning complex legal and technical requirements into something as simple as a few clicks.
Whether you're running a community project, a business, or just curious about the future of organizational structures, we'd love to hear from you!
🌐 Website: https://www.borderless.company
🐦 Twitter: @BorderlessDAO
*This post is for informational purposes only and does not constitute investment advice😊
Let's goooo☯️