Cap Table
A complete record of a company's securities ownership, showing all shareholders, their holdings, and ownership percentages, updated in real-time on blockchain.
Full Definition
A capitalization table tracks who owns what percentage of a company or fund, including all equity classes, convertible instruments, and option pools. Traditional cap tables are maintained in spreadsheets prone to errors. Blockchain-based cap tables update automatically with every token transfer, providing a single source of truth that's always accurate, auditable, and accessible to authorized parties.
Why It Matters
Cap table chaos kills deals. When a company gets acquired or goes public, lawyers spend weeks reconciling spreadsheet versions. Errors in cap tables have derailed M&A deals worth hundreds of millions of dollars.
On Sails.to, your cap table IS the blockchain. Every transfer, every distribution, every ownership change is recorded automatically in the smart contract. When it's time for due diligence, there's nothing to reconcile—the blockchain is the authoritative record.