What does Carmichael & Russ Capital Markets advise on?

Carmichael & Russ advises business owners and operators on capital formation, liquidity strategies, and transaction structuring using SEC-compliant private placements, digital securities, and on-chain asset frameworks.

Do founders have to give up control?

No. Advisory engagements are designed to prioritize founder control, long-term ownership, and flexible capital structures.

What regulations do you support?

We support SEC-compliant offerings including Regulation CF, Regulation A+, Regulation D, and Regulation S.

What types of assets can be tokenized?

Operating company equity, real estate portfolios, and hard asset fleets are all eligible for compliant digital structuring.

Is secondary liquidity available?

Yes. We design compliant secondary liquidity strategies using regulated Alternative Trading Systems and peer-to-peer transfer frameworks.

Advisory

Liquidity is about optionality.

Our role is to help owners create structures that allow for potential liquidity events over time—without forcing a sale or loss of control.

We help businesses design structures that support potential liquidity, using compliant digital securities infrastructure and independent regulated market venues.

Our advisory work focuses on:

Strategic planning for on-chain, private, and fractionalized capital structures designed with liquidity in mind
Transaction structuring for real-world assets (RWA), including operating company equity, real estate portfolios, and hard-asset fleets
Capital formation strategies via digital private placements and on-chain issuance frameworks that support future liquidity options
Governance, operational, and organizational alignment to enable investor-grade reporting and transfer readiness
Advisory support for SEC-compliant offerings under Regulation CF, Regulation A+, Regulation D, and Regulation S
Secondary liquidity planning through independent, FINRA-regulated alternative trading systems (ATS) and compliant peer-to-peer transfer mechanisms

Whether structuring a single liquidity event or designing a multi-year capital roadmap, our role is to bring institutional tools to Main Street businesses—and create clear options that maximize founder outcomes.

01 | Onboard & Structure

We coordinate the infrastructure.

We align your offering with SEC-registered Transfer Agents and qualified custodians. Existing investors can migrate seamlessly via the DRS (Direct Registration System) process.

02 | Tokenize & Digitize

Convert ownership into smart securities.

Whether engaging in a new capital raise or digitizing a cap table, we convert asset interests into compliant tokens. Holders maintain legal ownership with enhanced digital utility.

03 | Enable Liquidity Options

Connect to Capital Markets.

Tokenized assets plug into regulated Alternative Trading Systems (ATS), private institutional networks, and compliant peer-to-peer transfer protocols, subject to issuer controls.

04 | Continuous Administration

We manage the digital back-office.

Post-issuance, we act as your ongoing capital markets arm. We handle the administrative heavy lifting—executing distributions, managing investor communications, and ensuring continuous compliance—so you can focus on running the business.

Texture Capital

A FINRA-member broker-dealer and Alternative Trading System (ATS) specializing in the compliant issuance and secondary trading of digital securities.

Security Token Advisors

The industry’s leading execution partners. From selecting the right technology stack to managing the tokenization roadmap, they bridge the gap between technical vendors and your business goals.

Polymesh

The institutional blockchain built specifically for regulated assets. It embeds identity and compliance rules into the token itself, ensuring trades can never violate securities laws.

Rudiq

Infrastructure that unlocks asset utility, allowing tokenized real-world assets and digital holdings to serve as secure collateral for lending and financing operations.

Sumsub

An all-in-one verification platform ensuring global compliance through automated KYC (Know Your Customer), KYB, and anti-money laundering checks.

Dropbox

Secure document collaboration and storage. Provides the infrastructure for managing cap tables, term sheets, investor documentation, and compliance records in a centralized, audit-ready repository.

Tangany

Bank-grade digital asset custody. A fully regulated German crypto custodian that provides the secure vault infrastructure required to hold institutional investor assets.

tZERO

A market leader in blockchain innovation and operator of a regulated ATS, providing a continuous liquidity platform for private digital securities.

Privado.iD

Universal Digital Identity. Allows investors to verify their identity (KYC) once and reuse it across multiple platforms, reducing onboarding friction while preserving total privacy.

zkMe

A zero-knowledge identity oracle that validates user credentials on-chain for compliance without ever exposing sensitive personal data.

CMS

A Top 10 international law firm providing the rigorous regulatory legal frameworks and counsel necessary for compliant digital asset issuance.

Copenhagen Fintech

One of Europe’s leading fintech innovation hubs, connecting financial institutions, technology partners, and digital asset startups.

Brickmark X

Real Estate asset management for the digital age. They specialize in structuring high-value property portfolios and debt instruments for seamless on-chain integration.

Shift

A global provider of turnkey exchange technology and liquidity solutions, enabling custom trading environments for digital assets.

Stripe

The global standard for payment processing, facilitating seamless fiat onboarding and credit card payments for digital capital raises.

Verify Investor

Frictionless accreditation. A secure platform that validates Accredited Investor status in minutes, keeping your Reg D raise compliant without slowing down capital intake.

Dwolla

Modern payment infrastructure streamlining account-to-account (A2A) transfers and programmable ACH processing for US-based transactions.

Mercury Bank

A modern banking stack built for the digital economy, providing FDIC-insured accounts and treasury management for tech-forward issuers.

Advisory

Liquidity Planning for Main Street Businesses

On-Chain Liquidity for Main Street

How Asset Tokenization Works

Designed for Regulated Transferability and Liquidity

C&R Ecosystem