FairClub plans to replace governance NFTs for its startup fundraising deals with Metaplex’s MPL-3643 tokens, which would link investor eligibility checks to stakes in individual deals.
Each deal runs through a Wyoming special purpose vehicle, a separate legal entity for one transaction. The tokens represent investors’ stakes in those entities and carry voting rights proportional to their holdings. Governance tools built on Realms tie those rights to the underlying contractual agreements.
Planned eligibility controls include know-your-customer checks, anti-money-laundering screening and investor accreditation verification. FairClub also plans to allow secondary transfers among eligible accredited investors at a later stage; that feature is not described as live.
FairClub’s pipeline includes more than 125 projects, with fundraising demand exceeding $85 million. The figure represents demand, not capital raised or deployed. At the time of the partnership announcement, the platform had 16 active deal rooms and 12 curator partners, including ICM and RUN.
Metaplex designed MPL-3643 for permissioned real-world assets and tokenized securities on Solana. FairClub’s planned use would bring the standard to startup fundraising, building on Metaplex’s introduction of MPL-3643.
