Hybrid equity & token structures

Designing capital structures that align equity, tokens, incentives, and long-term execution.

Hybrid equity and token structures align a company’s financing and incentive design across both traditional corporate equity and token-based mechanisms. For Web3 and token-enabled businesses, relying on only one framework often creates gaps between operating needs and network incentives, between investor expectations and token holder dynamics, or between governance design and long-term value creation. We help teams design structures that connect these components into a coherent, defensible capital architecture.

This capability is essential when fundraising involves a mix of equity rounds, SAFEs, token issuances, or other instruments especially as teams plan for runway, governance, regulatory considerations, and stakeholder alignment. A well-designed hybrid structure reduces friction, clarifies economic outcomes, and supports credible execution for founders, investors, contributors, and strategic partners as the business scales.

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Hybrid equity and token structures align ownership, incentives, and capital strategy into a single, coherent framework.

Capital Structure Design

  • Designing equity and token structures that reflect operating realities

  • Aligning token issuance with fundraising, SAFEs, and equity rounds

  • Evaluating dilution, control, and economic trade-offs across instruments

  • Supporting long-term capital planning and runway visibility

Incentives & Governance Alignment

  • Aligning founder, investor, contributor, and network incentives

  • Designing governance structures that reflect economic realities

  • Managing vesting, lockups, and participation rights across stakeholders

  • Reducing misalignment between corporate control and token dynamics

Execution, Risk & Credibility

  • Supporting regulatory and diligence considerations

  • Stress-testing structures under different growth and market scenarios

  • Creating defensible frameworks for investors and partners

  • Ensuring structures remain adaptable as the business scales