MetaDAO Proposes to Seed $2M Ownership Fund, Zinc Cash OTC Decision Market, Craft’s ReFi Hub ICO, Meteora and Bedrock’s Dynamic Assets and more

This week’s ownership coin rundown covers META-039, Proph3t’s proposal to seed an Ownership Coin fund, a Zinc Cash OTC decision market, the ReFi Hub ICO on Crafts, Bedrock expanding into tokenized collectibles, and Jurassic Finance’s first decision market approval. As usual, we have plenty of updates from Avici, Umbra, Solomon, and more.

Ownership Coin Market Snapshot

• Total Ownership Coin Market Cap: $95.83M
• Total Ownership Coin Treasury Value: $30.41M

Ownership coin financials, decision market data, and token data are sourced from 01Resolved.

Key Takeaways

• A Zinc Cash (ZKFG) proposal is now trading in a live decision market and aims to authorize an OTC sale of up to 2M ZKFG from the DAO treasury.
• MetaDAO’s META-039 is currently in a live decision market and proposes to incubate Ownership Capital, a MetaDAO-native investment fund; the market is currently showing $1.38K in volume with 87.69% pass-aligned volume and 66.67% pass-aligned traders.
• The Crafts ReFi Hub ICO closed at $250.80K USDC, $149.20K short of its $400K funding goal across 184 participants. Contributors will now be refunded. In addition, Crafts announced Constitutional Governance, a framework giving token holders predefined limits on founder actions.
• Bedrock launched the SV151 token backed by a $254.7K USDC treasury earmarked to progressively purchase Pokemon SV151 packs, extending its tokenization platform from founder equity to collectibles.
• Jurassic Finance’s RAWR-001 proposal to fund $19K in legal scaffolding for its first SPV cleared the 3% TWAP threshold by 0.32% across $3.55K in volume and 35 trades.

Zinc Cash (ZKFG) Decision Market to OTC at 25% Discount

A community initiated ZKFG proposal is now trading in a live decision market and aims to authorize an OTC sale of up to 2M ZKFG from the DAO treasury.

The sale would be priced at 75% of the prevailing ZKFG/USDC market price at execution, representing a 25% discount. Based on the indicative reference price used in the proposal, the full sale would raise approximately $93.89K USDC.

The tradeoff is dilution. Current NAV is around $111K, with adjusted supply of 3.5M ZKFG and NAV/AS of $0.03206. If the full 2M ZKFG is sold from the treasury, adjusted supply would rise to 5.5M ZKFG. Before accounting for new USDC proceeds, NAV/AS would fall to roughly $0.0203.

The decision market is currently passing by 10.84% against a 1.50% threshold, with $130.90K in total volume across 272 trades. The market signal is positive, but not one sided. Pass-aligned volume (50.29%) is nearly even with fail-aligned volume (49.71%), while 61.11% of traders are economically aligned against the proposal than for it.

In short, the proposal asks ZKFG holders to choose between more investment capital, longer runway and the dilution cost of moving 2M treasury tokens into the market.

META-039: MetaDAO Proposes Incubating a Ecosystem Native Investment Fund

META-039 is now trading in a live decision market. The proposal, pushed by MetaDAO founder Proph3t, asks whether MetaDAO should seed Ownership Capital with $2M USDC from the treasury.

Ownership Capital would be a MetaDAO-native investment fund focused on supporting smaller raises and introducing capital efficiency through buybacks and liquidations across the ecosystem.

MetaDAO’s financials on 01Resolved currently has roughly $11.9M in NAV and about $10.5M in freely spendable treasury assets. A $2M allocation would represent approximately 19% of available capital in a single deployment.

The first-year cost also extends beyond the $2M allocation. The proposal includes a $140K management fee supplement, up to $150K in setup costs, and a standard 2% management fee. This brings the operational spend to roughly $290K.

The fund would be managed by David Khosroshvili and Ioseb Khutsishvili, two Georgian entrepreneurs selected from a pool of six candidates.

At the time of writing, the META-039 decision market is trading in the Pre-TWAP window with $1.38K in total volume.

Analyze conviction on 01Resolved and trade the decision market on MetaDAO.

Crafts’s Constitutional Governance Amidst ReFi Hub’s ICO Falling Short

Crafts confirmed that the ReFi Hub raise did not meet its 400K USDC minimum. The raise closed with $250.8K USDC committed across 224 bids from 184 participants, and refunds have been issued.

The raise reached roughly 63% of its minimum despite a rough week across the entire market, while still attracting 184 participants willing to commit capital to a new ownership framework.

During the ICO, Crafts shared more about Constitutional Governance.

The framework gives token holders defined protections across every Crafts ICO. Founders and token holders can propose governance actions, but only token holders can vote. Those actions sit within predefined limits, with the goal of making holder rights enforceable instead of discretionary.

This matters because Crafts tokens are not simple governance tokens or direct common equity. Under STS v2, the token governs an SPV that holds the SAFE or equity-linked claim. Founders continue operating the company, while token holders govern the SPV and vote on defined actions such as treasury releases, liquidation, secondary raises, mint freezes, exit distributions, and governance changes.

Bedrock Expands Beyond Equity: Meteora and Sunrise launch Dynamic Assets with SV151

Meteora and Sunrise launched SV151 this week, the first asset under their new Dynamic Assets framework.

SV151 represents tokenized exposure to sealed Pokémon Scarlet & Violet 151 packs. The token launched on Solana through Sunrise distribution and Meteora’s liquidity infrastructure, with Bedrock providing custody, reserve reporting, and audits.

According to Bedrock’s treasury breakdown, the SV151 reserve currently holds $254.7K USDC from the initial sale, limit token sells, and claimed fees, alongside 30,000 SV151 tokens. The USDC will be drawn down over time to purchase SV151 packs from the open market.

The structure is designed so the reserve can grow with trading activity. Sunrise stated that trading fees will be reinvested into additional sealed SV151 packs and pool liquidity, increasing the reserve backing over time.

The significance is not Pokémon alone. SV151 is the first live test of a broader Dynamic Assets model.

Meteora is providing liquidity mechanisms for new assets. Sunrise is handling distribution across Solana trading venues. Bedrock is acting as the custody and reporting layer for the underlying assets.

That makes SV151 different from Bedrock’s earlier founder equity use case. The equity model links tokens to company ownership rights. SV151 applies the infrastructure to a physical collectible reserve instead.

The launch also clarifies Bedrock’s broader role. It is not only infrastructure for tokenized equity exposure. It can also custody and report on non-equity assets like music and IP on behalf of token holders.

Jurassic Finance’s First Decision Market Approvel

Jurassic Finance’s first decision market was approved this week.

The RAWR-001 proposal, “Establish Legal Structure for First SPV”, authorized up to $19K USDC for legal work tied to Jurassic Finance’s first fossil SPV. The market cleared the 3% TWAP threshold by 0.32%, with roughly $3.55K in volume across 35 trades and 11 unique traders.

The approval funds the legal setup for $TRCH1, an SPV expected to acquire and manage a Triceratops specimen. The team has also said it is working on a museum partnership to loan the asset.

The structure matters because $TRCH1 and $RAWR represent different layers of exposure. $TRCH1 is intended to give holders direct ownership rights tied to the fossil SPV. $RAWR gives holders exposure to the Jurassic Finance treasury and the broader platform.

According to founder Vukan, Jurassic Finance expects to earn a percentage of each SPV raise and receive an allocation of each SPV token supply. The team also plans to acquire SPV tokens at a discount through FOSSIL and generate lending revenue through BONE.

Jurassic Finance’s treasury, as per 01Resolved, now sits at roughly $207.44K, implying 17 to 26 months of runway after the proposal resolved and funds moved. The approved spend is material relative to treasury size, but it funds the legal scaffolding needed for the first asset-backed SPV.

Other ownership coin updates

• Umbra shipped three products in rapid succession: the Umbra iOS appis now available on the App Store, Umbra Web went live, and Distress Mode launched, a feature that lets users create a decoy wallet view to reveal only selected holdings. Umbra’s financials on 01Resolved show it holds $2.82M in treasury with more than 55 months of runway.
• 01Resolved published its May Ownership Coin Monthly, arguing that transparency and financial legibility are not the same thing and that this gap causes systematic mispricing. This week, 01Resolved also pointed out a MetaDAO fee accounting discrepancy, tracing 810 onchain movements to reconcile disagreements between dashboards.
• Star.fun announced pre-commits for Predikt, a protocol that turns prediction market positions into usable collateral for borrowing, yield, or leverage, with the $DIK token backed by 10% of company equity secured by Bedrock. The official raise opens June 16 at a $450K target.
• Avici crossed $6M in volume in May, its largest month on record and shipped a new feature to access account statements in a few taps. Avici’s financials on 01Resolved show its treasury at $3.21M and 21 to 32 months of runway.
• Solomon Labs pushed USDv education, pointing to the fact that stablecoin issuers earn $814M per month in interest that holders never see, positioning USDv as the mechanism to return that earning to holders. Solomon’s financials on 01Resolved show $5.91M in treasury balance and between 45.5 to 59 months runway.
• Omnipair shipped a new Portfolio dashboard featuring real-time portfolio value charts across 7D, 30D, 90D, and all-time windows, with full dual yield breakdown separating swap fees from borrow interest, and shareable PnL cards. As per 01Resolved, Omnipair holds $1M in treasury with 14 to 20 months of runway.

Closing Thoughts

Ownership coins are being judged by how capital is raised, who controls what, how it is reported, and whether token holders have enough information to price the tradeoffs.

That is where the category will keep moving. Better markets will require clearer rights, cleaner financial reporting, and more disciplined execution.