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Status: Available on request. Book a call to set it up. ACE (Asset Conversion to Equity) is an equity conversion framework by MetaLeX. Eligible token holders convert a part of their tokens into an ACE SAFE: a modified Y Combinator SAFE, denominated in your token instead of dollars. Holders keep their unconverted tokens, so a participant holds both an equity position and a token position.

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How a conversion works

  1. The holder opens the round through a link that you share.
  2. The holder selects an amount, inside the minimum and maximum ticket sizes that you set.
  3. The holder passes nationality and sanctions screening, and KYC/AML verification.
  4. The holder signs the SAFE and transfers the tokens.
  5. The holder receives a cyberCert: an ERC-721 certificate of the SAFE position. It is non-transferable by default.

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The ACE SAFE

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What happens to converted tokens

Your company receives the tokens as the SAFE purchase price and holds them under treasury covenants:
  • The tokens are locked for a set period (one year in the MetaLeX pilot; configurable).
  • The company cannot sell, loan, or collateralize them during the lock.
  • The company can burn them to reduce supply.
  • After the lock, the tokens are a corporate asset for the benefit of all equity holders.

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The valuation cap sets the signal

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Eligibility

The MetaLeX pilot runs under Regulation S: non-U.S. persons, verified by zero-knowledge passport proof. Outside the pilot, U.S. accredited investors can participate under Regulation D. The token itself does not become a security: the SAFE is the security, and the token is the payment method.

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When to use it

Use ACE when your backers want a path to real equity but the raise and the early ownership should stay liquid. Conversion is optional for each holder and priced by the terms that you set.