The Hunit Foundation
Working For All. Belonging To None.
As a financial service provider for the decentralized economy, we re-evaluated how our stakeholders take part.
Firstly, our goal was to offer our stakeholders a financial instrument that combines capital appreciation, regular cashflow, low volatility and asset backing – a combination only possible via our own smart security, issued and managed via our own platform.
As an issuer of our own smart security (non-public), we wanted to avoid the common structure of having multiple classes of financial stakeholders – typically equity holders and token holders combined in a single vehicle. Our reasoning was that if our investors are token holders but our management or founding team are equity holders, it was a certainty that a decision would need to be made that would either benefit equity interests or token interests – but not both.
We decided that the only sustainable and equitable structure is one based on a single class of interest and that the organization itself should exist for the fulfillment of a purpose, not the maximization of shareholder interests.
We therefore created the Hunit Foundation, an ownerless Maltese entity, which has issued its own (non-public) smart security program to manage its beneficiaries.