Only exposure to @useKled is now through $KLED. Street makes it possible.

Why We Ship: @useKled Pokémon Go players generated 30 billion images and videos that Niantic used, and never saw a cent for it. @avipat_ built Kled so the people generating the data get rewarded. 50,000 DMs and three and a half years later, it's the largest human-powered data collection effort in history, distributing rewards on Solana.

For details view here: street.app/tokens

History is made. $KLED

We’re opening conversations with liquid and venture funds who want early, structured access to high-conviction web2 startups with day-one liquidity for @StreetFDN If you think in years, not weeks, we want to talk. Here’s why this matters Most token models give holders no real connection to the underlying company. When an acquisition or exit happens, token holders are left with nothing. Meanwhile, the best startup positions stay locked for a decade with no way to resize or exit. We believe the path forward is tokens structured around a real shareholder position on a company’s cap table through a legal framework, while maintaining a clear separation from equity. Founders retain full corporate governance. Token holders participate in defined, non-controlling processes, subject to applicable legal frameworks and approvals. That’s what Street built with ERC-S. The startups we work with aren’t launching tokens because it’s trendy. They’re companies scouted from hundreds of applicants by networks at Stanford, Harvard, and MIT, selected because we believe they have a credible path to $1B. These are founders building at the level of the best in Silicon Valley, and ERC-S gives them access to users, distribution, and capital that would take years to build organically, while keeping their cap table clean and their governance intact. For funds, this means early-stage startup exposure through a liquid, daily-priced instrument from day one. No lockups. Positions can besized and exited on an open market. We’re building a small network of fund partners who get exclusive first-look deal flow before anything opens to the broader market. Two partner slots are filled. DM me if you want to see what we’re working on.

It was special to see so many people come together at our @StreetFDN dinner at Stanford around a shared mission: making tokens valuable. Joining us: Founders Fund-backed startups, Whop, Pantera, Paradigm, Kled, Stanford Blockchain Club, the Street team, and Stanford researchers, PhDs, and NVIDIA talent. When we first started thinking about Street in July 2025, we mostly got pushback. “Crypto needs to be a casino to be interesting.” “People don’t actually want valuable tokens.” “Nobody cares about equity-token bifurcation.” Now, the question of what makes a token valuable is becoming one of the most important questions in crypto. The mission of Valuable Tokens for Radical Ideas is just getting started, and we could not be more excited.

1) what

Excited to join @StreetFDN as CTO. Stanford CS + research at NASA and Intel pushed me deep into the engineering side of building. And time around VC (Peterson Ventures: Peterson Ventures and @StartX) made this clear: the best startups don't collapse b/c of bad products, but because of episodic capital. You pitch. Get funding. Wait 6 months. Repeat. Street flips this reality. We create a place for startups to go public earlier, unlock real price discovery, and stay continuously funded b/c they're tradable. Street changes fundraising cycles from months to days, letting founders build without the worry of where the next dollar is coming from. That’s the mission: make valuable tokens for radical ideas. If crypto is going to matter long-term, it has to keep founders building. -RH

Hi, happy to announce I'm joining @StreetFDN as their head of capital formation. I've been running a private liquid fund for the last years with 8 figures in AUM and have seen from personal experience how good startups lack capital interest from institutional investors - not because of the asset quality, but because these startups aren't on the radar of funds. Not being listed on Coinbase, shouldn't make your financial vehicle unaccesible for institutional investors. Street will roll out an accredited investor platform for educational resources and risk monitoring under my guidance and with the help of our venture partners. We are partnering with cap table management platforms and researchers in traditional venture to provide education and Bloomberg-level financial modelling. Excited to for this journey!

Full @StreetFDN Interview Today: The Rise Of ERC-S ------------------ What we covered 👇 →Momentum: $2B in inbound capital interest for Street, with official launch targeting early March.~100–150 scout interviews (Stanford, Harvard, MIT, NYU). →Street Thesis: ERC-S are tokens backed by real startup equity via SPVs with the goal to bring intrinsic value + long-term capital on-chain. →Pipeline + Case Studies: $KLED case, robotics startup with 8 figure letter of intent in the pipeline, multiple venture studios + VCs interested, first batch in March. →Market Reality + Positioning: Street knows speculation is unsustainable long-term, focus is on attracting patient, structural capital and value is meant to accrue from underlying equity growth. ------------------ TIMESTAMPS ⌚️ 00:00 @MiyaHedge Intro / @StreetFDN Thesis 07:45 Retail Investors / Impatient Holders 11:05 ERC-S Value/ $KLED Case / Buybacks? 23:00 Pipeline & VCs / Marketing / Scout Program 30:00 First Street Batch, Big Upcoming News 36:00 Mar-A-Lago / Regulations / Crypto Trenches 43:15 Lukas' View On AI / Robotics On Street 48:40 Liquidity / Acquisition / Equity / Pricing 55:00 Street Points/ERC-S Potential/Final Thoughts

Introducing ERC-S.com V1 We spent the last month restructuring ERC-S and getting rid of a lot of the rights the SPV had & conducted over 100 interviews with founders & VCs with the core goal of making our framework more founder-friendly, VC-compatible and remove the ownership structure. The core of ERC-S stays the same. SPV holds equity in a startup, in case of M&A event, tokenholders vote on resource allocation. What we removed: - SPV has veto rights over issuance of new shares - SPV has veto rights over issuance of new SAFEs - SPV has veto rights over issuance of new convertibles - SPV has veto rights over M&A - SPV has veto rights over material asset sale - SPV has veto rights over increase in founder compensation - SPV has veto rights over any subsidiary creation - Anti dilution protection for the SPV - remove need for consent on retention bonuses, carveouts & exit bonuses We also slimmed down the maintenance costs for ERC-S dramatically. It's important for context to understand that ERC-S v0.3 was designed to be an ownership coin not a plug-and-play mechanism. We want founders to be able to commit to V1 without having to change anything they learned.

you can think of the World Liberty team what you want, but this was by far the most productive conference with not only industry makers but also policy makers and tradfi institutionals @ mar a lago will share some of the insights & opinions from policy makers i got in the coming days. happy to be able to talk about @StreetFDN & valuable tokens to these people

We pivoted - slightly. As some may have noticed we changed a lot of the initial goal away from being a legal provider for ERC-S to being an accelerator for companies that are on Street. VALUABLE TOKENS FOR RADICAL IDEAS has been the core target of this mission. Help awesome founders build great products, make sure the token is valuable, the liquidity is sticky inside the system & founders benefit from having a public price chart and don‘t see it as dead weight. In the past month, we redesigned ERC-S to be much more founder friendly & to go away from the „ownership narrative“. We asked over 500 high volume retail traders & 20 liquid funds with over $5B AUM what they want from an asset - the answer couldn‘t have been clearer: Exposure to the upside. Nobody wants or should steer the wheel of the company, the founder should do that. The core goal we are trying to achieve: Traders have real knowledge over what they are buying into, while they have exposure to the companies success. EXPOSURE not OWNERSHIP No over-reaching governance rights, no founder-unfriendly structures, no founder-second, tokenholders-first structures. The highest quality of assets not because you have an infinite amount of overreaching control, but because the startups on it have the ability to execute into a unicorn-level company. We are happy to release ERC-S V1 next week & with that a regulatory guideline. Additionally, our team has written over 60,000 lines of code in the past month battling one core tension: Impatient retail traders vs startups that take time. If you are a web2 startup that launched on @believeapp or any ICM platform and you feel like you got thrown in the cold water - shoot us a PM, we want to work on it with you & release forward deploying software that helps mitigate that for the coming wave of founders.

We have not launched a token and are not looking to launch one anytime soon. Any token you're seeing is fake.

Crypto as we know it is over. It's time to look at the abyss and stop acting like this industry will in any way recover if the leaders continue to act like everything is fine and the 50th perps DEX will solve this. The Death of the Crypto VC sector is slowly unfolding during the past few months. LP commitments have been on a low and didn't even remotely recover during a generational $16k -> $120k bull market. VCs like Mechanism/Tangent literally pivoted away from crypto. Half of the Paradigm team ragequit in the last 2 months, entire firms silently exited everything. Barely any crypto VC has been able to raise for another fund and the venture appetite is close to zero. Please for the love of god look at the data & stop coping that this in any way is normal or will recover for a sector claiming to be on the frontier of technology. The risk appetite inside venture has been off the charts in the last 3 years, blockchain received only outflows. I spoke to so many VCs (both tradfi and crypto) in the past month, and close to nobody was optimistic about them being able to raise for another crypto-fund. We are at the tail end of blockchain innovation. "Oh ownership coins fix this" No they don't. Sorry to burst your bubble, but as the founder of a company doing "ownership" structures, this fixes exactly nothing. It's a band-aid of complacency. I'd argue it actually makes it worse, because no talented young founder will chose to give anonymous tokenholders full control of their business, it just turns crypto even more into this autistic cypherpunk delusion. Blockchain & especially alt coins has moved from the frontier of technology to an un-investable asset class who's building products who nobody needs. And the VCs who are left are trying their best to unauthentically manufacture narratives, fund the current hot thing (just to be left at 0 after the 3y vesting starts, and the current hot thing turned out to be not so societally important as the fast moving crypto sector thought it would be). The frontier of technology has moved away from blockchain and sits at AI & Robotics right now and blockchain right now is seen as the weird industry you enter to build something meaningless for exit liquidity. If we want this industry to bloom again, we need to work to get rid of the 3 in web3 and come back to reality. We need to go towards the epicenter of the current innovation and not try to artificially replicate it inside crypto. It's either valuable tokens for web2 startups or this sector & especially the venture market goes to 0. @StreetFDN

Bringing talent back to this industry. + We took over 100+ interviews in the past 14 days in the top universities + started partnering with Venture Studios to bring a portion of their startups onchain. go to scout.street.app to apply