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closedEnded a year ago · Snapshot (Offchain)

Ecosystem Proposal: Borderless - Onboard millions of company onto the web3

By 0x77a7...F883EC

Introduction

Borderless is a “Parallel Entity” launching kit.

A Parallel Entity refers to an organization that simultaneously maintains its existence both as a legal entity and as an on-chain entity.

It is a blockchain-based organization that can be operated and executed under the same organizational rules as those governing legal entities (such as articles of incorporation and internal regulations).

A typical company that has a share like stock and membership could use this scheme to bring their shares onto the blockchain and unlock the opportunity to onboard millions of potential shareholders.

Capital raising at ICO speed, unleashing DAO’s collaborative power.

We give companies their gateway to the Ethereum—their bridge to the world.

Value Proposition

Simplest yet sophisticated Traditional company Web3 transformation, especially share tokenization, demands extensive legal and technical knowledge, along with substantial money and time. Borderless, as a platform, eliminates these barriers by offering a streamlined path to blockchain integration.

Through our solution, we can reduce transformation costs by 80-90%.

Leveraging five years of DAO tool development expertise and our pivotal role in Japan’s DAOLLC legislation, we’ve created a sophisticated yet accessible platform that seamlessly bridges traditional business operations with Web3 capabilities, allowing organizations to focus on growth rather than technical complexity.

Uniqueness Factor

  • SCT: Smart Company Template We made a solid Parallel Entity framework called “SCT: Smart Company Template”. Once the company decides to tokenize their shares, they have to optimize the operation agreement like articles of incorporation and other legal docs that define the company’s operation rule. SCT provides a set of legal doc connected smart contract templates for each company model.

  • LETS: Legal Embedded Token Standard When the company trying to tokenize its shares LETS will serve the seamless tokenization experience while meeting the legal requirements of each country. Now we cover two jurisdictions and two legal entity models in Japan and Switzerland.

  • Embeddable Apps Our platform features are designed for seamless embedding into corporate digital assets like websites and blogs, enabling functionalities such as fundraising and governance voting to be natively integrated into existing customer touchpoints. And a variety of applications (developed by Borderless and third party) to maximize the potential of LETS and SCT will be provided for each jurisdiction.

Benefits for users

Save a bunch of time and money during onchain transformation process.

  • Rapid organization setup
  • Extensive fundraising opportunity
  • Transparent governance
  • Workflows automation

Benefits for Metis Ecosystem

  • Boost RWA ecosystem on Metis Expand Metis’ reach in Asia by onboarding Japanese companies and their equity tokens onto the Metis ecosystem.

  • Establised presense in Japanese market Despite Japan’s massive retail crypto market, few projects achieve meaningful recognition. Our team’s extensive experience in Japanese crypto localization since 2016 enables us to guide strategic market entry with proven expertise and established networks.

  • Pioneering Parallel Entity together We are at early phase to pioneering this historical movement. This initiative brings a fresh narrative to Metis, becoming one of a key differentiator that sets it apart from other networks by establishing Metis as the go-to blockchain for parallel entities.

Security/Audits

While Borderless has not yet undergone a smart contract audit, we are taking active steps toward this crucial milestone. The completion of this audit will mark our transition from beta to production status, ensuring our platform’s enterprise-grade security and robustness as we continue to develop and scale our solutions for real-world businesses.

Roadmap

Current Status (today ~ Q3 2025) Besides the participation of Metis Startathon , our current focus is on helping customers create DAOLLC entities in Japan.

Since April 22, 2024, the DAOLLC corporate entity type has been officially admitted by the Japanese government. Our team has been involved in the process of the formation of the Japanese DAO legislation and also helped launch the Japan DAO Association, a self-regulatory organization.

We will recruit groups in Japan that are a good fit for the DAOLLC entity type to launch their company on the Borderless platform, deploying to the Metis blockchain. This will increase the users of Borderless and Metis in Japan.

The onboarding of our first customer has been completed and their pilot token sale using the Borderless platform MVP finished in October. We have received inquiries from many other customers and will accompany them to become a solid success story from a global perspective.

Next move (Q4 2025~) After making additional progress in Japan, we intend to add support for additional international jurisdictions especially USA, Switzerland, and UAE.

While working extensively with the Ethereum community and other synergistic projects like Metis, our ultimate goal is to enable worldwide blockchain mass adoption through helping people launch parallel companies.

Parallel companies will eat the world!

Summary

Borderless is the simplest way to start a Parallel Entity on EVM.

Official Links

Website: Borderless DAO
Docs(Written in Japanese): Borderless
Loom: Borderless Company’s Vision for Web3 Transformation | Loom
Twitter/X: x.com

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Votes 597
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0xdb49...Fa8051
1,602

100% for YES

0xfEe4...8877ca
1,247

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0x20Cc...49C5f3
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0x1Dbc...b7b248
562

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0x1965...FFEe4C
248

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Proposal Status
  • Mon December 02 2024, 05:00 pmVoting Period Starts
  • Thu December 05 2024, 05:00 pmEnd Voting Period
Current Results

1-YES

6,871.341

99.95%

2-NO

2.821

0.04%

3-ABSTAIN

0.461

0.01%
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