New blockchain-powered investing tools from Robinhood and Republic are pushing private markets into the mainstream. Here’s how The Cashmere Fund fits into this new era — and why transparency, diversification, and regulation still matter.

Summary:

• What tokenized securities are and why Robinhood and Republic are making headlines 
• Why this marks a pivotal shift in access to private investing 
• The key differences between tokenized assets and regulated venture funds 
• How Cashmere offers transparency, diversification, and twice-yearly liquidity 
• Why Cashmere Fund is built for long-term trust, and what's ahead on brokerage platforms

If you’ve been following the investing world, recent headlines about Robinhood in Europe and Republic in the U.S. launching tokenized securities mark a milestone moment. Global brokerage eToro is the latest to make moves in this area. For the first time, retail investors can use blockchain rails to buy tokens representing shares of high-profile public companies, and even private ones like SpaceX or OpenAI.

This is a big deal. It further reiterates that access to private market investing is no longer a niche idea. But as this trend gains traction, it's worth asking: what are you actually buying with tokenized securities — and how does it compare to a retail investor-friendly fund like Cashmere?

What Are Tokenized Securities?

Tokenized securities are digital representations of real-world stocks or shares, stored and traded on the blockchain. They promise speed, lower costs, and 24/7 trading access. But while they unlock access, they don’t always offer clarity.

Take Republic’s newly-announced offering of blockchain tokens. They may represent exposure to big-name companies, but those companies haven’t authorized them. You could be buying into a lightly disclosed SPV, not actual equity. And when it comes time to sell? Liquidity isn’t guaranteed. There might be no market — or worse, no one willing to buy at the price you want.

The Cashmere Fund: Built for Confidence

Here’s how Cashmere differs:

We strongly support innovations that allow retail investors to have increased access to the entirety of the market. Our point of view is that as access increases, so must trust. With The Cashmere Fund, we want to make sure you know what you’re buying, how it’s managed, and how it's valued. Our fund’s annual financials are independently audited, our fund is SEC-registered, and our investment strategy prioritizes both growth and governance.

Different Tools, Different Timelines

While tokenized securities and regulated venture funds both expand access, for investors, they might serve very different goals.

Tokenized assets are typically built for shorter-term trading. The 24/7 access, blockchain speed, and fractional exposure make them well-suited for tactical investors looking to make quick moves or take niche positions in buzzy companies. But they often lack the clarity and control of traditional equity ownership.

By contrast, The Cashmere Fund offers a long-term approach to private market investing, with the added benefit of twice-yearly liquidity windows. That makes it a rare hybrid: investors get access to early-stage venture capital, a space historically locked up for 7–10 years, plus the ability to redeem a portion of their shares at regular intervals. It’s the kind of access and flexibility that was nearly impossible for retail investors just a few years ago.

The big takeaway: These tools aren’t mutually exclusive. Tokenized securities may play a role in a portfolio’s experimental or tactical sleeve. Cashmere is designed to sit in the long-term growth bucket, giving you exposure to innovation, professional management, and diversification in a way that’s built to compound.

What This Means for Retail Investors

Tokenization is a powerful step toward broader access. But access without transparency can be risky. At Cashmere, we believe in widening the door and building a stronger foundation. That means:

• Professional due diligence
• Daily NAV updates and fair valuation practices
• A diversified, fully-managed portfolio, not a single bet on one hot name

The ease of trading within popular brokerage platforms is a key element of reducing friction for retail investors. That’s why we announced a partnership with Apex Fintech earlier this year and more recently, a distribution agreement with SoFi, one of the leading innovators in all of financial services. We could not be more excited to spread our mission and access to SoFi’s millions of members, and hope to have more such agreements in place in the near future.

–

This communication and its contents are for informational purposes only and do not constitute an offer to sell or a solicitation of an offer to buy shares of the Sweater Cashmere Fund (the “Fund”). The Fund is managed by Sweater Industries LLC (“Sweater”) as the investment adviser and Forma Cashmere LLC (“Forma Cashmere”) as the sub-adviser. Investors should carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. The prospectus contains this and other information about the Fund and can be obtained by calling 1-888-577-7987 or by visiting the Fund's website at https://www.thecashmerefund.com. Please read the prospectus carefully before investing. All investments involve risks, and past performance is no guarantee of future results. The content herein is for informational and educational purposes only and should not be construed as investment advice or an offer or solicitation with respect to any products or services for any persons who are prohibited from receiving such information under the laws applicable to their place of citizenship, domicile, or residence.

‍