Probant is the shared record layer for brand rights. Anchoring evidence of use is free and permissionless. Running the licensing program on top of it is the product. Records that carry money are secured by attestors who post capital and lose it when they are wrong.
On one incumbent platform alone, across Fox, Sony, NBCUniversal, Activision and Scholastic. The category has budget and it already buys software.
Each platform is a system of record for a single licensor. A counterparty cannot verify anything inside it, and the licensee's sales figure arrives as a number the licensee typed.
Attestations on Base cost cents. Free anchoring densifies the registry without a sales motion, which is how the cold start breaks.
A licensee reports its own sales quarterly and remits a percentage. The licensor discovers what was actually owed by hiring a forensic accountant, late, at its own expense. Royalty audit exists as a standing professional service line because reported and correct differ often enough to fund an industry. Most of the gap is not fraud, it is currency conversion at the wrong date, returns handled inconsistently, channel mix outside the definition of net sales, and sublicensees who never received the terms binding them. Those are record keeping failures, and a shared ledger is the correct instrument for them.
The SEC proposed it on 18 August 2026: a startup exemption of five million dollars over four years with narrative disclosure, no accredited investor requirement, no resale restrictions, and a safe harbor by which an investment contract ceases to exist once managerial efforts complete.
It carries a US nexus test. Incorporation here, majority of officers here, most assets here. The last cycle offshored to Cayman and BVI to avoid exactly this regime, and those structures now fail the test. We are a US company and pass it by existing.
RWA and tokenization took four deals in the second quarter of 2026. Crypto venture deployed $13.3 billion across 435 rounds in the first half, with deal count down roughly 78% from the 2022 peak and seed at 18.7% of deals.
Thin funding is a risk and it is also the opportunity. The IP and brand licensing angle specifically is not where capital is looking, which means the category is open rather than crowded, and the record density that constitutes the moat can be accumulated cheaply.
Free permanently. Timestamped evidence of use, registration links, chain of title. Useful to a single user with nobody else on the network, which is what breaks the cold start.
Structured license terms, sublicense trees that reject invalid grants, USDC settlement against connector sourced revenue, audit export.
Counsel and auditors bond capital to sign a record. False attestations get challenged and slashed. Yield paid in USDC, never in new tokens.
Every bonded system has the same unsolved problem: slashing deters only if somebody catches you, and protocols normally have to invent a reason for anyone to audit. Brand rights arrive with that reason already funded. Acquirers in diligence, licensees in territory disputes, and licensors who suspect underpayment are already spending real money hunting for defective records. The audit incentive is external and pre existing, which is why this application of a proven mechanism works where the general version, the token curated registry, did not.
Built by a brand agency working since 2013 and onchain since 2020. That spans the mania, the collapse and the recovery, which is the credential a nervous licensing director is actually looking for.
The party that builds the marks and manages the asset libraries is the party that can put a registry in front of the people who own them. That is the acquisition channel, and it already exists.
Engineered with AI in the loop from the first commit. A team this size ships at a pace that used to require a floor of engineers and a round to pay for them, which is why anchoring can stay free and why the raise is $2.5M rather than $10M.
| Item | Status | Detail |
|---|---|---|
| Protocol design | Complete | Contract architecture, five claim schemas, bond bands, dispute escalation. Published in the whitepaper. |
| Token design | Complete | 10B fixed supply, full allocation, eight year emission gated behind bonding, published before any sale. |
| Regulatory position | Complete | US entity, Reg D 506(c) round structured, public sale deferred until rules are final. |
| Contracts deployed | Not yet | Testnet first. No contract holds value until two independent audits are complete. |
| Technical co-founder | Recruiting | The hard gate. No raise closes and no token generates without one signed. |
| Paying customers | Zero | The licensing product begins billing in month seven of the plan. |
| Registry records | Zero | Free anchoring opens with the first mainnet deployment. |
If nobody challenges an attestation, bonds secure nothing and the security model is decorative. Early attestation will be concentrated among a handful of participants, which is a security assumption rather than a decentralization claim. Connector coverage starts narrow, so most revenue figures will be marked as self reported rather than laundered into looking verified. The regulatory path is a proposal, not a rule, and if the exemption disappears the network operates without a token. Any of these can break this.
Not the $5M the exemption would permit. Enough for engineering, counsel and audits.
Priced where first buyers can plausibly make money, which is the only condition under which a second round is easy.
1.4B PRBT. This replaces most of a venture round rather than sitting beside one.
Real circulating supply on day one instead of the thin float the market has turned on.
Everything material is already public: the whitepaper, the full token allocation, the terms, the use of proceeds, and the risks. The data room adds the financial model, the entity and IP assignment documents, the technical roadmap with dates, and the founder background.
Introductions into brand licensing, IP counsel, or RWA issuance are worth more to us than the marginal dollar. Operator angels from this industry get priority over generalist checks.
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