Hecto Launched NEOPRIME Token for Private Equity Access
The new tokenized debenture enables investors to gain exposure to a basket of private American industrial companies.
Updated on Oct. 14, 2026 in Investing
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Hecto has officially launched the $NEOPRIME token on the Canton Network, marking the opening of its first trading pool. The product is designed to provide individual investors with access to private industrial firms that were previously reserved for institutional entities.
Why it matters
This initiative attempts to democratize investment by allowing non-institutional participants to buy into private companies. It utilizes a special purpose vehicle structure to offer contractual creditor rights to token holders.
Eligible companies must maintain a valuation of at least $1 billion to qualify for the index. New tokens are minted when market demand pushes the price above net asset value to ensure price stability.
The players
Hecto
Hecto is a financial infrastructure firm based in Dubai that enables the migration of private market assets onto blockchain networks.
Erebor
Erebor is a private industrial company and serves as the initial entity included in the $NEOPRIME investment index.
The details
Issued under British Virgin Islands law as a tokenized debenture, $NEOPRIME represents ownership in a basket of companies, starting with Erebor. If an underlying firm announces an IPO, that position is liquidated to fund a buyback of the tokens.
Timeline
October 14, 2026: Hecto launched $NEOPRIME and opened the first trading pool.
Market Dynamics
The launch of $NEOPRIME signals a broader shift toward on-chain private market exposure, challenging traditional venture capital fund structures. By tokenizing debentures, Hecto is positioning its platform to compete with conventional institutional investment vehicles.
Retail investors can now gain exposure to private industrial companies without the high capital barriers typical of institutional private equity. However, holders should monitor the underlying asset performance and the company buyback process if their portfolio holdings announce an IPO.
The takeaway
This product represents a significant integration of traditional creditor rights with blockchain-based liquidity mechanisms. Investors should view these tokens as long-term instruments that specifically target the performance of private industrial firms.
Further reading
Learn more about the fundamentals of Investing to understand how tokenized assets operate.
More information
For more information on the product structure, visit the Hecto official company website.
Source note: This article includes information reported by TechFinancials.
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Is now a good time for individual investors to gain exposure to private, pre-IPO companies?
