FairClub, a private fundraising platform, announced a partnership with Metaplex and plans to adopt the permissioned token standard MPL-3643 for startup fundraising on Solana, according to a TechFlow report citing FairClub.
The report was published on November 10, 2026, at 02:00:44 UTC+8. The proposed change would replace FairClub’s existing governance NFTs with tokens designed to support eligibility-based holding and on-chain governance.
Current structure versus proposed tokens
| Criterion | Current governance NFTs | Planned MPL-3643 tokens |
|---|---|---|
| Fundraising structure | FairClub says each round uses a Wyoming special-purpose entity; investors receive governance NFTs. | The announcement describes a token-standard change, without specifying a change to the entity structure. |
| Voting | NFTs represent proportional voting rights. | Investors could vote through compatible governance plugins. |
| Holder eligibility | The report does not detail eligibility checks for the existing NFTs. | Token holding would be restricted to wallets that pass checks such as KYC, anti-money-laundering screening and accredited-investor verification. |
| Holder limits | Not specified in the report. | Issuers could set a maximum number of holders. |
Secondary transfers remain a future plan
FairClub said its secondary market had not yet launched. It intends to allow eligible investors to transfer interests within the restrictions set by each entity.
The announcement therefore concerns a planned change in token-based eligibility and governance—not an already operating secondary market. The report did not specify a launch date for either the token replacement or secondary trading.
Source: TechFlow’s original report, citing FairClub.