The Giant Unified Market

[0xSoju]

Today, we’re kicking off the Giant Unified Market initiative - our key effort to bring all assets into a single atomic market, accessible by everyone in the world with a fraction of a cent.

Only on Solana, powered by Jupiter, enabled by the best partners in crypto.

Whether it is memecoins, RWAs, stocks or forex, we want to bring all these assets to Solana and index them on Jupiter - allowing users to transact across all these markets atomically.

This is one of the great dreams of finance & we want to make it happen right here on Solana.

To make this vision a reality on Solana, 3 things are needed: more assets, more liquidity, and more accessibility.

That’s why we’re thrilled to launch the GUM Alliance, a group of top asset, liquidity, and distribution teams to help drive this effort together.

Over the next few months, we will be working with these partners to do 3 main things:

1. Onboard more assets onto Solana
2. Create liquid markets for these assets
3. Integrate these markets into Jupiter and encourage adoption

DinariGlobal:

“We are really excited to bring our 1:1 backed dShares to Jupiter as part of the GUM initiative.

This will bring compliant exposure to US shares (such as AAPL and COIN) to Solana, and democratise access to US shares to users on Solana.” – Gabriel Otte

Villcaso:

“GUM is the first serious attempt at creating a globally accessible capital market. It’s a huge deal.

We saw the same future as Jupiter when we started Villcaso, Unifying the world’s markets isn’t just something to make life more convenient, it’s actually a morally imperative initiative.

Villcaso’s mission is to make US real estate investing globally accessible. With GUM, we can help millions of people get access to more investment opportunities such as US real estate from Vilcaso. It’s a dream partnership.” - @ns_dub

Wintermute:

“GUM’s vision aligns with Wintermute’s mission to advance a truly decentralized world for more transparent and efficient markets and products.

Reliable liquidity is crucial for the health of any market, and we’re pleased to contribute our expertise to the GUM initiative.”

- Tim Wu, Head of DeFi at Wintermute

Cumberland:

“We’re excited to see Jupiter’s work on a Giant Unified Market!

One of the appeals of crypto, and DeFi in particular, is the interoperability that allows different platforms to interact with each other, which is something that is exceptionally challenging in web2.

GUM will have an emphasis on allowing users to trade with whatever stablecoin is most convenient, which is exciting as we see more users looking to trade in non-USD stables” - Paul
image|621x500

DWF Labs:
"The GUM Initiative aligns well with our long-term vision of how the future of finance will be shaped in the years to come.

As a key liquidity provisioning firm in the crypto space, we’re glad to be a long-term partner of the Jupiter team in building liquid markets for on-chain assets.

We truly believe that liquidity will be the cornerstone of every tradable on-chain asset." - Eugene, Co-Founder.

Alliance DAO

“No one is better positioned than Jupiter to bring traditional assets onchain than Jupiter than its massive distribution and battletested technology.” – Qiao

Solana Foundation
“Blockchains are a crucible for market competition and price discovery, but for much of their history that power could only be deployed in service of digital assets.

GUM is helping to change that — bringing off chain assets on chain and creating competitive markets that move at the speed of information.” - Austin Federa

Asymmetric
“Capital markets have evolved into an unfair playing field and are by design, inherently gate kept.

During the GME craze, Institutional investors were able to trade through dark pools when the stock was halted multiple times only to screw over the retail investor.

There has to be a more equitable way for market participants to participate. GUM is an ambitious project to enable just that.” — Joe McCan

This alliance is just the very beginning - we need a lot more partners and participants to make this universal market a reality together!

If you would like to be part of this effort - please let us know, and we can discuss how best to collaborate.

Last but not least, making this giant unified market a reality is an important step in both advancing the meta and establishing Jupiter as the everything exchange.

So to all catdets and comrades in decentralizing finance - lets make this happen together!

[loothore907]

This is insanely ambitious! The innovation here in Jupiter and on Solana are going to be the guiding light for the rest of the web3 ecosystem.
Fanboy moment over. I firmly believe that bringing all stakeholders together under one roof has the potential to add so much value to the ecosystem.
And trying to bring in outside stakeholders to join our initiative will be both challenging and incredibly rewarding if successful.
If there is a community group active to help support this initiative, I’d love to contribute.
I have some incredibly exciting ideas about importing and tokenizing traditionally non-financial ‘assets’ and exposing them to market frictions.
These could offer exciting and novel DeFi opportunities, as well as expand the Social Good space.
I feel this would be a great opportunity to bring in both new partnerships and new liquidity from outside web3.
I think the key to this is to develop novel use cases that can be integrated into standard business models while maintaining the web3 benefits of decentralization, self-custodied liquidity, and community integration.

I’m super excited to see what this next chapter brings!

[wake]

Love it.

I was in the planetary call for this announcement.

Very excited to be involved in all of this.

J4J GUM

[Jaam]

The RWA sector is going to be IMMENSE and IMO will be imperative for JUP to lock down with partnerships and/or providing RWA exposure itself. @meow Please hear me out on this, in the USA tokenization of RWA’s is going to be a massive wave, Larry Fink of Blackrock is investing hugely into this sector. American’s and others will be buying RWA’s without even knowing its tied to the chain.

[Merlin-M-Ostermann]

Wow, this would really elevate the scope and hit a new audience at the same time. Very ambitious but also super reasonable.

I think this could be a big impact marketing wise if played properly!

[DanCrypto]

@0xSoju

If you would like to be part of this effort - please let us know, and we can discuss how best to collaborate.

Count me in. I’m keen on being part of this effort. What are next steps?

[Mbolorman]

I am impressed to notice a sharp increase in the number of RWA projects that have introduced themselves to the DAO recently following the introduction of this GUM initiative in May. Some of the projects have been very interesting with focus of solving some real world problems.

[Merlin-M-Ostermann]

I mean someone like me would always argument hard for RWA, utility driven, DePIN and tangible stuff that solves real world problems based on real world infrastructure and assets.

On the contrary I am totally aware we “NEED ALL OF THEM”, which includes not just DeFi but also Meme-Coins, NFT-Art and even more degen aspects of crypto.

But I see the rise of RWA and DePIN really as something super positive, not just bringing in credibility to all of Crypto, but especially solidifying Solana’s position right now.

Jupiter LFG as a DOA system is the icing on the cake. It brings all together!

Jupiter is a …

CAT-alysator

[Qwerl32]

Grateful to be on the journey to a unified marketplace, fits perfectly with my egalitarian values. ONWARDS!

[Bozer76]

What can we do to not end up like Mirror on Terra? They started offering mAPPL, mMSFT etc., essentially “fictional derivatives” that followed (aka mirrored" the share prices of Apple, Microsoft, etc. The SEC closed them down rapido. How will this be different with G.U.M.?

[Rico_JHE]

Yea I was thinking the same thing. There would have to be someone or something to actually purchase the shares and then place them on chain. I think the issue with Terra was they were just mirroring the shares. But I don’t have a definitive answer and only speculating.

[Mbolorman]

Interesting point raised. May be @meow @0xSoju etc or @c2yptic @kemosabe @Morten etc from the CWG can help explain how the JUP GUM ecosystem will be different from Terra example you highlighted here with the SEC risks etc….

[Morten]

The Giant Unified Market is not a Jupiter DAO initiative, and I am not familiar enough with the legality of either to answer.

I think the question would be better suited for the Jupiter team if I’m being honest. It’s an interesting one tho.

[Mbolorman]

Thanks for the feedback @Morten. Agree someone from Jup team needs to shed more light on this.

[Didf]

In the post, DinariGlobal mentioned bringing their 1:1 backed dShares to Jupiter, so that would mean they only issue as many shares onchain as they actually hold

Obviously everything will need regular auditing, but is pretty exciting.

My questions would be, are the shares be held in brokerage(and if so, which) or direct registered, and would digital shareholders somehow retain the rights to participate in corporate governance through shareholder votes?

[Bozer76]

One of Toly’s initial goals was to make Solana so fast that an entire stock exchange like Nasdaq could operate on-chain. With Firedancer this will totally become possible, and if Jupiter becomes THE first exchange to achieve this, the sky is the limit (and we’d literally moon)! But the SEC will have something against that, I am afraid. Needs a sound legal footing. Maybe chat with the guys over at Toko (tokenization experts)?

[AiSteamLabs]

Dear “Unified Giant Market” Alliance Team,

We are from Ai Steam Labs, and we are deeply impressed and excited by your launch of the “Unified Giant Market” initiative. This grand vision not only aids in on-chain asset integration and liquidity creation but also plays a crucial role in advancing decentralized finance. We are eager to join the GUM Alliance and work with you to realize this shared dream.

Ai Steam Labs specializes in developing AI-based search systems, similar to the Perplexity platform, offering intelligent search and Q&A services. Our current system features asset pricing inquiries and agent-based trading via the Jupiter Metropolis API. Especially in the stock market, our system contains a robust dataset that allows users to retrieve up to 30 years of historical data. For further details, please refer to: Trusted Dataset | Ai Steam Labs.

We believe that with our AI search technology, we can provide unique support to the “Unified Giant Market,” enabling users to access asset data more easily and accurately, thereby improving the accessibility and user experience for the entire alliance.

We fully align with the three core goals of the “Unified Giant Market” initiative — onboarding more assets, creating liquidity markets, and integrating trading platforms. We are confident that through collaboration, we can leverage our technical capabilities to help achieve these goals more quickly and efficiently. Particularly in atomic cross-market transactions, our search engine can offer intelligent recommendations and real-time data, ensuring users can capitalize on market opportunities effectively.

We hope to discuss how we can collaborate further to bring more assets and liquidity to the Solana ecosystem and the Jupiter platform. We look forward to working with you to build this seamless, globally unified market vision and bring a new decentralized experience to the financial world.

Thank you very much for your time and consideration. We look forward to further communication and cooperation.

Sincerely,
Ai Steam Labs Team

[Skills2PayDaBills]

Jupiter is one of the largest decentralized trading platform and one of the most active governance community in crypto. We’re building the everything exchange for everyone.