[William Smith]

I’ve been watching this thread for a while now and as someone who’s spent years in corporate venture capital I’ve picked up certain information within the industry. Based on what I know I wanted to share some neutral observations about the recent discussions around PPCP and its PFIT trading system. What follows is based on standard industry practice and doesn’t involve any confidential or restricted information. This isn’t investment advice.
PFIT is PPCP’s trading system and the retail beta testing has generated quite a bit of attention. When something previously considered institutional grade suddenly opens up to retail users it’s natural for certain institutions to take positions and monitor it for risk management or competitive intelligence purposes. But that’s just normal industry behaviour .
Compliance constraints: Financial institutions and asset managers have to follow strict compliance rules client agreements and market stability principles when communicating externally to avoid saying anything that might disrupt the market.
Information rights and observer mechanisms: Arrangements like information rights and board observer seats are typically governed by agreements and confidentiality obligations so they won’t be publicly disclosed.
NDAs and information barriers: VCs and CVCs are extremely careful about NDAs and information leaks. During early screening phases they usually avoid blanket NDAs to keep their options open. Once they’re in the data room phase everything gets locked down with strict NDAs within defined parameters plus tracking and isolation measures.
From what we’re seeing this looks like acquisition strategic positioning.
First you establish a forward position through small token holdings API integration limited data sharing etc. If the technology and compliance check out then you move into data room due diligence followed by framework agreements or acquisition options. It’s all about timing and keeping things compartmentalised.
So when you contact FCAT and PGIM now and they tell you there’s no partnership isn’t that completely normal? We shouldn’t just look at what we’re being shown but think more deeply about it.
Imagine: the moment FCAT and PGIM or similar institutions publicly acknowledge this PFIT tokens would be frantically bought up by the public and prices would rocket. When institutional capital hasn’t properly entered yet do you really think these institutions would let ordinary punters like you front run them? This is exactly why in the investment market institutions always get the meat while retail investors struggle to even get a sip of the broth. Institutions will always make money more easily than ordinary investors. Think more carefully about these things and don’t be naive.