This is a spin-off from ‘Monzo in the Media’, where a Youtuber analysing Monzo as an investment mentioned being able to buy Monzo shares. It sounded like she was saying you can buy Monzo with Raisin so i asked the question and was corrected and pointed in the right direction.
I did some digging and question-asking and it turns out that you still cannot trade Monzo crowdfunding shares, the rules are as they have always been (must have exceptional circumstances, permission from the Board and give first refusal etc etc).
However, advisors from this Raison platform stated to me that they are not held down by these restrictions because they can buy a stake from institutions who already hold Monzo shares and have their own less stringent rules about selling (they are not crowdfunders or held in nominee accounts), then once they have acquired this stake they then tie it to a smart contract, so instead of selling you shares in Monzo it basically issuues a derivative tied to the value of Monzo.
I think they have a Monzo shareholder lined up to sell a chunk (see “Pre-Order” ie. state your interest to buy) but have not carried out a transaction yet (as they are not “Available” like the other companies).
They are currently valuing it at $5bn. This is just their opinion obviously and not based on any real transaction so do your own research etc.
Anyone have any thoughts on this? Would you buy a Monzo share price derivative?