// web3 secondaries · since 2021

Sell or buy SAFTs, SAFEs and locked tokens before TGE

MarsBase connects early investors, founders, VCs and syndicates who need to exit or enter locked positions in Tier 1–3 web3 projects. Every deal is structured and settled on the Asset Haus platform: eligible counterparties only, issuer consent enforced, delivery-versus-payment, position on a registry of record.

Submit a deal How a tokenized secondary works

status · settled

Scroll tokenized SAFT P2P market: $3.4M gross, $2.4M net, full flow segregation.

2021

founded in Dubai

130+

deals closed

$50M+

tokenized

pre-TGE markets delivered

// what marsbase does

A deal network for illiquid web3 positions

MarsBase does not hold client assets, run an exchange or give investment advice. It finds the other side of the deal and prices it.

Origination

Buy and sell interest in SAFTs, SAFEs, token warrants, equity with token rights, vesting and pre-mainnet allocations.

Counterparties

VC funds, syndicates, family offices and OTC brokers who have transacted with MarsBase since 2021.

Pricing

Indicative pricing for illiquid instruments from a live view of secondary demand.

Community

Quarterly market recaps, live OTC events in Dubai, education on web3 secondaries.

// structuring and platform partner

MarsBase originates. Asset Haus structures and settles.

Asset Haus is the structuring and platform partner behind MarsBase deals. It built the MarsBase SAFT platform and the three pre-TGE markets below. Asset Haus is a technology and infrastructure provider: not an issuer, broker-dealer, exchange or custodian.

asset.haus ↗case: marsbase saft platform →

01
Structuring
BVI or Cayman SPV wrapper, instrument review, issuer-consent mapping, coordination with licensed counsel.
02
Onboarding
KYC/KYB, accredited or professional status evidence, e-signature.
03
Marketplace
Closed peer-to-peer venue with segregated flows per instrument and transfer controls: whitelists, lock-ups, consent, geo-blocks.
04
Registry and settlement
Conditional delivery-versus-payment, cap table updated on transfer, documents attached to each position, audit exports.
05
Delivery
Conversion of wrapped rights into delivered tokens at TGE or mainnet under the original terms.

// deals delivered

Pre-TGE liquidity that settled

all cases on asset.haus →

LayerZeroSettled

Equity and tokenized SAFT

Investors holding SAFTs, equity and warrants needed liquidity before token launch.

$3.8Macross 9 deals

BVI/Cayman SPV · Ethereum · one wrapper for three instrument types

read the case ↗

ScrollSettled

Tokenized SAFT P2P market

SAFT holders needed a secondary market before TGE.

$3.4Mgross · $2.4M net settled

BVI · Ethereum · KYC-gated P2P · full SAFT flow segregation

read the case ↗

FuelTarget exceeded

Pre-mainnet token market

Holders needed liquidity before mainnet.

$6Magainst a $4M target

BVI · Ethereum · tokenized pre-mainnet rights with mainnet conversion

read the case ↗

Also on the same infrastructure: the MarsBase SAFT platform itself (OTC marketplace, lending vaults and launchpad, 12 weeks to launch) and Lendscape, lending against tokenized SAFT, SAFE and RWA collateral (~$5M alpha volume).

// how it works

From “I want to sell my SAFT” to settled transfer

Timeline: weeks once consent is in hand
Ticket: from $50k
Fees: agreed individually per deal

Submit a deal

01
Submit
Instrument, project, size, price expectation, jurisdiction. MarsBase checks the market side; Asset Haus checks the documents.
02
Consent
Nearly every SAFT, warrant and side letter conditions transfer on issuer consent. We map the restrictions and obtain consent. No consent, no deal.
03
Wrap
Rights are held through an SPV and represented on the registry with the transfer rules from the consent step.
04
Qualify
Both sides pass KYC/KYB and evidence accredited or professional status.
05
Match and settle
Closed peer-to-peer venue, delivery-versus-payment, registry updated on transfer.
06
Deliver
At TGE or mainnet the wrapper converts to tokens under the original instrument.

// who it is for

Four sides of the same deal

Early investor, angel or fund with a locked position

Priced interest from vetted counterparties, consent handled, settled transfer.

VC, syndicate or family office

Curated lots with documents, eligibility handled once, positions on a registry.

Founder or project

Orderly secondary liquidity for early backers without breaking the cap table.

OTC broker or desk

Compliant rails to settle client deals. You keep the client. partner rails →

// instruments we handle

SAFTs, SAFEs, warrants, locked tokens

SAFT	Money now, tokens at network launch. The agreement is the security.
SAFE with token side letter	Equity deferral plus token rights.
Token warrants	The right, not the obligation, to buy tokens if the company ever issues them.
Equity with token rights	Combined positions, as in the LayerZero deals.
Vesting or locked tokens	Delivered tokens under lock-up or vesting schedules.
Pre-mainnet / testnet rights	As in the Fuel pre-market.

deep dive: token warrants, safts and convertibles ↗

// compliance perimeter

What we do not do

MarsBase launched in 2022 as a wallet-only OTC desk. Since 2024 every deal is KYC-gated and consent-enforcing. We do not run a public exchange, serve retail investors, transfer instruments without required consent, or provide legal, tax, custody, broker-dealer or investment advice.

// story

From decentralized OTC desk to compliant secondaries

2021
Founded in Dubai as a decentralized OTC desk for large holders and part deals.
2022
Beta on BNB Smart Chain; 1,000+ tokens available for peer-to-peer swaps.
2023
Top project of the first Fractal Web3 accelerator cohort; named among Techstars' web3 startups to watch; private SAFT/SAFE channel with 80+ lots.
2024
First tokenized LayerZero secondary; OTC Bazaar in Dubai with 864 registrations; strategic partnership with YAY Network; DEVCON Bangkok.
2025
Asset Haus becomes the structuring and platform partner. LayerZero, Scroll and Fuel markets and the MarsBase SAFT platform are delivered on its infrastructure. MarsBase co-founder Denis Isaulov joins Asset Haus as adviser.

// notes

How web3 secondaries actually settle

all notes →

5 min read

Web3 secondary markets: a practical guide for VCs and syndicates

Who sells and who buys pre-TGE positions, why chat-based OTC offers rarely settle, what drives pricing, and the ticket and eligibility rules on MarsBase.

read →

4 min read

Tokenized SAFT explained: how pre-TGE liquidity works

What a tokenized SAFT is, the six steps from submission to delivery at TGE, and how the Scroll and Fuel pre-TGE markets ran on the same flow.

read →

5 min read

SAFT vs SAFE: what changes for a secondary buyer

SAFT, SAFE with token side letter and token warrant compared from the buyer's seat: what each means for issuer consent, wrapper design and delivery at TGE.

read →

// faq

Questions

Anything else: deals@marsbase.xyz

Can I sell my SAFT before TGE?

Often yes, if the issuer consents and the buyer is eligible. Submit the instrument and you will hear within days whether a consented, compliant transfer is possible and at what indicative price.

What is MarsBase today?

A web3 secondaries deal network. MarsBase originates deals and counterparties; Asset Haus, its structuring and platform partner, provides the SPV wrappers, onboarding, registry and settlement.

Is the original MarsBase OTC app still live?

The 2022–2024 applications are retired. Deals now run on the Asset Haus platform.

Who can participate?

Accredited and professional investors, funds, syndicates, family offices and OTC brokers who pass KYC/KYB. Retail investors are not served.

Which jurisdictions and chains?

Deal SPVs are typically BVI or Cayman; rights are recorded on Ethereum with transfer controls. Other jurisdictions on request through Asset Haus.

What is the minimum ticket and what are the fees?

Tickets start at $50,000. Fees are agreed individually for each deal, depending on the instrument, size and structuring involved.

How is this different from an OTC chat on Telegram?

Consent is enforced in the transfer rules, both sides are identified, settlement is delivery-versus-payment, and the position lives on a registry with documents attached.

Who runs marsbase.xyz?

The MarsBase brand, with structuring and platform provided by Asset Haus. Contact: deals@marsbase.xyz.

Have a position to sell, or a lot to buy?

Submit a deal