Are ERC-S tokens securities?

ERC-S tokens are designed with a focus on governance and utility, not as financial instruments or ownership interests.

Street is the American Startup Exchange in formation—market infrastructure for breakout companies. We help founders run structured participation markets so they control distribution, narrative, capital depth, and price discovery before fragmented private opacity and unofficial synthetic markets define those outcomes for them.

How is this different from traditional crowdfunding and private equity?

Traditional private equity is gated - 10 year lockups, $1M minimums, insider only dealflow. Crowdfunding expands participation, but often without consistent standards. Street bridges this gap by introducing a structured, transparent participation layer around early stage companies.

Why would I list on Street?

Founders activate aligned participation, bootstrap distribution, and signal credibility from day one. Thousands of participants don't just engage with your ecosystem — they become contributors, users, and network nodes. It's coordination and adoption in a single move.

Equity · The Startup Exchange for America

“Any sale or transfer of Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records.”
Anthropic — Unauthorized stock sales and investment scams

“All OpenAI equity is subject to transfer restrictions. This means that OpenAI equity cannot be directly or indirectly transferred unless the seller first obtains OpenAI’s written consent. Any attempted transfer—which includes any pledge, encumbrance or other similar disposition—that does not follow this requirement is void.”
OpenAI — Unauthorized OpenAI Equity Transactions

Street is building the opt-in startup exchange.

* This is unrelated to the ERC-S product offering or ERC-S tokens.

One of the fastest-growing capital markets is still expensive, inefficient, opaque, and difficult to underwrite.

$226B

2025 secondary market volume

+41% year over year

$215B

Dry powder for secondaries

Under 1.5 years of current deal volume

$300B

Market direction

Secondary liquidity is becoming a core capital market

Why capital is moving here

LP-led transactions accelerate liquidity and diversification against decade-long fund lifespans.
GP-led continuation vehicles create access to trophy assets with clearer GP alignment.
Secondaries offer exposure to seasoned assets, known portfolios, and hard-to-source private companies.

Street's thesis

If secondaries are becoming a permanent capital market, the next layer cannot be gray-market fragments around breakout startups. It has to be opt-in, company-authorized, and built around the issuer's records.

Street is building the exchange layer for that shift: structured windows, approved counterparties, known-asset underwriting, and liquidity that founders choose before the unofficial market defines the company for them.

Hiring

Build the official rails for startup equity.

Apply

Founding Exchange Engineer

Engineering · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Build the issuer, investor, compliance, and allocation workflows for authorized private-market rails.

Founding Exchange Engineer

Engineering · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Own the marketplace surfaces, internal tools, and data systems that make startup equity tradable by permission.

Head of Securities Transactions

Transactions · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Design the operating system for approvals, records, counterparties, funds flow, and secondary windows.

If your work sits between startups, securities, markets, and software, we want to hear from you.

“Any sale or transfer of Anthropic stock, that has not been approved by our Board of Directors is void and will not be recognized on our books and records.”
Anthropic — Unauthorized stock sales and investment scams

“All OpenAI equity is subject to transfer restrictions. This means that OpenAI equity cannot be directly or indirectly transferred unless the seller first obtains OpenAI’s written consent. Any attempted transfer—which includes any pledge, encumbrance or other similar disposition—that does not follow this requirement is void.”
OpenAI — Unauthorized OpenAI Equity Transactions

Street is building the opt-in startup exchange.

* This is unrelated to the ERC-S product offering or ERC-S tokens.

One of the fastest-growing capital markets is still expensive, inefficient, opaque, and difficult to underwrite.

$226B

2025 secondary market volume

+41% year over year

$215B

Dry powder for secondaries

Under 1.5 years of current deal volume

$300B

Market direction

Secondary liquidity is becoming a core capital market

Why capital is moving here

LP-led transactions accelerate liquidity and diversification against decade-long fund lifespans.
GP-led continuation vehicles create access to trophy assets with clearer GP alignment.
Secondaries offer exposure to seasoned assets, known portfolios, and hard-to-source private companies.

Street's thesis

Hiring

Build the official rails for startup equity.

Apply

Founding Exchange Engineer

Engineering · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Build the issuer, investor, compliance, and allocation workflows for authorized private-market rails.

Founding Exchange Engineer

Engineering · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Own the marketplace surfaces, internal tools, and data systems that make startup equity tradable by permission.

Head of Securities Transactions

Transactions · San Francisco · Full time · Onsite

$150K - $300K • 0.5% - 1%

Design the operating system for approvals, records, counterparties, funds flow, and secondary windows.

If your work sits between startups, securities, markets, and software, we want to hear from you.