Private markets were built
on who you know.
We rebuilt them on-chain.
The first launchpad that encodes institutional-grade compliance, pricing, and access into smart contracts.
The Problem
You can't buy SpaceX stock.
Not because you lack capital.
Private markets are gated by tacit knowledge — relationships, legal structures, and processes that can't be learned from a whitepaper.
Traditional Private Markets
Accredited Investor Status
$1M net worth or $200K income
Minimum Investment
$10,000 – $250,000
Management + Performance Fees
2% annual + 20% carry
Settlement Period
30 – 60 days
Deal Flow Access
Relationship-based, not searchable
Paimon Launchpad
Open Access
Open tier — zero barrier, anyone can participate
Start from $0
Commit more to unlock up to 20% Pioneer pricing
All-Inclusive Pricing
No hidden fees, no carry
Instant Settlement
On-chain, real-time
Transparent Deal Flow
Public launches, verifiable on-chain
“We know more than we can tell.” — Michael Polanyi, 1966
So we encoded what Wall Street knows into contracts. Then we turned the gate into a ladder.
Architecture
Three pillars.
One impossibility solved.
Compliance, liquidity, and fairness have always been a trilemma. Paimon solves all three at the contract level.
Shadow Token Architecture
Compliance as Infrastructure
EIP-3643 security tokens handle regulation. Shadow ERC-20 tokens handle DeFi. TokenBridge connects both with a perfect backing invariant. You get compliance AND composability — not one or the other.
Tiered Launch System
Commitment = Access
4-layer commitment ladder — from zero-barrier Open tier to Pioneer-level pricing. Each tier sets a minimum investment threshold; points are consumed proportionally and permanently burned. Fully on-chain, real-time verification — pure proof of commitment.
Points Engine
Participation = Access
Stake, provide liquidity, or complete quests to earn points. Credit Card Mode means no dilution — your points are calculated independently. Points fuel your launchpad commitment — the higher the tier, the more points burned per dollar.
How It Works
Four steps.
From participant to shareholder.
Earn Points
Stake PPT, provide liquidity, or complete quests. Your participation earns points — the fuel for higher-tier commitment. No dilution, independently calculated.
Join a Launch
Choose your tier — each has a minimum commitment and a price discount. Lock your points proportionally, commit USDT. All verified on-chain in real time. Points are burned — real skin in the game.
Receive Tokens
Batch settlement distributes EIP-3643 compliant tokens. Convert to Shadow Tokens via TokenBridge for full DeFi composability.
Trade or Redeem
Trade Shadow Tokens on any DEX — no KYC needed. Or KYC-verify to redeem the underlying asset. Your choice, instant settlement.
Trust Layer
Verify, don't trust.
Real assets in regulated fund structures. Independent audits. On-chain proof of reserve.
Fund Structure
BVI Approved Fund
Paimon Fund LP — regulated fund vehicle
YZiLabs
Strategic backer (Binance ecosystem)
Audit & Accounting
EY
Engaged as fund auditor
NAV Consulting
Fund administration, NAV calculation, investor reporting
Smart Contract Security
CertiK
Smart contract security audit
SlowMist
Smart contract security audit
Banking & Custody
DBS
Banking partner
Standard Chartered
Banking partner
JPMorgan
Banking partner
Launches
Live & Upcoming
Batch 1 & 2 are live. Explore tokenized access to pre-IPO equity.
SpaceX
Tokenized access to SpaceX equity. IPO targeting mid-June 2026 at $1.75T.
View DetailsAnthropic
The safety-focused AI lab behind Claude. $19B ARR, 70% enterprise win rate.
View DetailsOpenAI
The creators of ChatGPT. 900M weekly users, $25B ARR, IPO targeting $1T+.
View DetailsGet Started
The window doesn't
stay open for long.
Batch 1 is live with SpaceX Pre-IPO. Start earning points now to secure your allocation for Batch 2.
* The tokenized assets referenced herein (including Paimon High Yield ($HYD) tokens, Paimon Pre-IPO SPV tokens such as $SPCX, $XAI, $STRP, $CRSR, and any other Paimon-issued tokens) (the "Tokens") have not been registered under the US Securities Act of 1933, as amended ("Act") or the securities or financial instrument laws of any other jurisdiction. The Tokens may not be offered or sold in the United States or to US persons unless registered under the Act or an exemption from the registration requirements thereof is available. In certain jurisdictions, including the European Economic Area, the United Kingdom and Switzerland, the Tokens are offered and sold only to qualified investors or professional clients, as the case may be (or that jurisdiction's analogue thereof). Other jurisdiction-based prohibitions and restrictions apply. See paimon.finance/legal for details.
The Token issuers (including Paimon Fund LP) are not registered as investment companies under the US Investment Company Act of 1940, as amended, or as an Alternative Investment Funds or Undertakings for Collective Investment in Transferable Securities in the European Economic Area, or under the securities or financial instrument laws of any other jurisdiction. The Token-related communications herein are not directed or intended for any investor to which the Tokens are not offered.
Paimon tokens provide their holders with economic exposure to the value of their underlying assets (such as an interest in a private credit fund or an LP interest in an SPV holding pre-IPO shares ). However, the Tokens are not themselves direct shares of stock (e.g., SpaceX), units of a fund (e.g., BCRED), or any other underlying asset. They represent an interest in the Paimon Fund LP or an associated SPV, and do not provide their holders with direct rights to hold, vote, or receive the underlying assets.
The communications on this web page are only intended for actual or potential business relationships, technical integrations, or prospective qualified investors with respect to Tokens. Nothing herein constitutes any offer to sell, or any solicitation of an offer to buy, any assets (including any Tokens or assets that may be deployed to or accessible via Paimon's platform or future Paimon Chain ). Nothing herein constitutes investment, legal, tax or financial advice. Acquiring Tokens involves risks. A holder of Tokens may incur losses, including total loss of their purchase price. Past performance may not be an indication of future results. Investors are responsible for conducting their own research, investigation, verification, checks or consultation for professional or investment advice.
Paimon Finance is an independent investment platform and is not affiliated with, sponsored by, endorsed by, or partnered with Blackstone Inc., KKR & Co. Inc., Calamos Investments, or any of their respective affiliates. All references to third-party funds (including BCRED, K-INFRA, and CAPIX) are for informational and identification purposes only to describe the underlying assets of the Paimon High Yield portfolio. All trademarks, service marks, and trade names are the property of their respective owners. Investment in Paimon Finance products involves risk, including the possible loss of principal.
Paimon Management, an investment adviser to the Paimon Fund LP, is registered as a BVI Approved Investment Advisor. Paimon Management is not registered as an Investment Adviser with the U.S. Securities and Exchange Commission ("SEC"). Registration in any jurisdiction does not imply a certain level of skill or training. The Adviser shall not be responsible for any errors or omissions, or for the results obtained from the use of the information provided by the Adviser, Paimon Fund LP, or any of their respective affiliates, control persons, agents or representatives.
The Token issuers, their affiliates (including Paimon Management and Paimon Fund LP), their respective shareholders and members, and their respective directors, officers, employees, consultants, agents and representatives (the "Paimon Persons") do not endorse, the Paimon Persons do not make any representation or warranty whatsoever (express or implied, including but not limited to any warranty of merchantability, fitness for a particular purpose, or non-infringement) regarding, and THE PAIMON PERSONS SHALL NOT HAVE ANY LIABILITY WHATSOEVER WITH RESPECT TO ANYONE'S USE OF, any third-party products, services or technologies referenced herein (including but not limited to assets, data, or services from partners like Blackstone, SpaceX, or others).
Additional terms and restrictions apply. See paimon.finance/legal/terms-of-service, paimon.finance/legal, paimon.finance and (as applicable) the Token offering documents for details.
The communications herein may contain forward-looking statements, including, but not limited to, statements regarding future financial performance, business strategies, or expectations for the growth or development of Paimon Finance, Paimon Fund LP, Paimon Management, or any of their respective affiliates (each, an "Applicable Entity"). These statements are based on management's current expectations, estimates, projections, and beliefs, and are subject to a number of risks, uncertainties, and assumptions that could cause actual results to differ materially from those anticipated. Forward-looking statements can be identified by the use of terminology such as "may," "will," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "potential," "continue," or the negative of these terms or other similar expressions. Factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include, but are not limited to, the following: economic, competitive, legal, governmental, and technological factors affecting the operations, markets, products, services, or prices of any Applicable Entity. No Applicable Entity undertakes any obligation to update or revise any forward-looking statements, whether as of new information, future events, or otherwise, except as required by law.
¹ APY (Annual Percentage Yield) and other return figures are estimates and not guaranteed. For $HYD, the "10.4% Annualized Return" is based on the target or historical performance of the underlying assets (e.g., Blackstone Private Credit Fund ) and is not an indication of future results. Past performance is not a guarantee of future returns.
² Example rates only. Actual rates may vary over time.