Resources

Digital SPAC Whitepaper:
A Digital Approach to Private Markets

This whitepaper explores the convergence of Traditional Finance (TradFi) and Decentralized Finance (DeFi), focusing on the challenges and opportunities of interoperability between these two systems. It highlights the philosophical and operational clashes, such as regulatory friction, risk management paradigms, and transparency versus confidentiality, while proposing pragmatic solutions for coexistence rather than forced integration.

The document introduces the Decentralized Acquisition Company (DAC), a digital reimagining of the SPAC model, designed to bridge private markets with blockchain-enabled liquidity. The DAC framework emphasizes transparency, governance, and alignment, offering institutional-grade rigor with decentralized flexibility. Key pillars include deal origination, due diligence, negotiation, and exit strategies, all enhanced by smart contracts and on-chain voting.

Additionally, the whitepaper discusses the need for trust infrastructure, standardized governance, and jurisdictional clarity to scale DACs effectively. It redefines liquidity in private markets by introducing programmable, conditional liquidity, enabling optionality without compromising long-term value creation. The report concludes by advocating for functional interoperability over convergence, positioning DACs as a practical bridge between digital capital and real-world assets, built on transparency, credibility, and purpose-driven innovation.