A few weeks back I walked you through The Accredited Investor Wall. Quick recap on what's keeping 87% of American households out of private capital markets:
Net worth over $1M or income over $200K just to qualify
$250K to $1M minimums once you do
Seven to ten year lockups
A redemption process that functions more like a suggestion box
Today, meet the sledgehammer.
TokenBloq is a marketplace for tokenizing and trading private capital investments. Built by publicly traded Fernhill Corp (OTC: FERN), with marketplace infrastructure from Liquid Mercury. The model comes down to three steps: Vet, Tokenize, and Trade.
How the TokenBloq Model Works
Step 1: Vet. Fernhill’s team sources institutional-grade funds and direct private deals, with diligence performed on each opportunity before it goes on platform.
Step 2: Tokenize. Each investment is structured through a special purpose vehicle. The SPV holds the interest in the underlying fund or company. Investors hold shares in the SPV, tokenized and on-chain. Distributions flow fund → SPV → investor, pro-rata.
Step 3: Trade. A primary market for issuance, and a compliant secondary market for ongoing trading, built on both a direct P2P platform and integration with an SEC-registered Alternative Trading System (ATS). That last piece is what makes liquidity real instead of theoretical.
The investor side stays simple. Accredited only at launch, onboarded through a free account with KYC/AML, available as an individual, retirement account, business, or trust.
The Team
The people running Fernhill have track records that matter more than the typical RWA pitch deck.
Chris Kern, Chairman and CEO, FinTech professional with extensive experience: Gotham Software - sold to Ipreo - $1 Trillion in Bond Underwriting (acquired by IHS Markit and merged with S&P). CareGain - Sold to Fiserv - 6 Million managed HSA Accounts, Click Markets - Democratized Access to IPOs to 20 Million Retail Investors Globally. Plus numerous other counterparties including the Toronto Stock Exchange, GoDaddy, Thras.io, and Westgate Resorts. That is the exact background this job requires.
Marc Lasky, President and Director, brings 30 years in production, management, and marketing, with ventures whose productions grossed more than $1 billion. He frames the opportunity the way institutional allocators tend to: “the exploding RWA Tokenization industry, which is projected to reach $30 Trillion by 2034.”
Peter Bordes, Board Director, has been CEO of a Nasdaq-listed company (Kubient), interim CEO of another (Alfi Technologies), and sits on the board of Beasley Broadcast Group. He is also co-founder of TruVest, an impact real estate investment and development platform. Public-company governance, capital-markets experience, and real-estate operator background.
Road to Q2 Launch:
Sep 23, 2025: Guardian Net Lease Fund signs a $10M tokenization LOI
Nov 13, 2025: Fernhill and Liquid Mercury announce the RWA Marketplace joint venture
Mar 6, 2026: Fernhill confirms two executed LOIs, a pipeline of 4+ additional institutional-grade funds, total potential past $50M, plus completed technology milestones
Mar 10, 2026: North Fork Funds signs a $10M LOI
Mar 19, 2026: A Commercial Real Estate fund signs a $10M LOI
Apr 14, 2026: TokenBloq.com launches, Q2 full platform launch confirmed
LOIs are indicators, not commitments. What they tell you is that the market is pulling, and the pull isn’t coming from one corner. The pipeline, per Fernhill’s disclosures, spans real estate funds, self-storage, manufactured housing, litigation financing, private credit firms, and technology innovators in remote healthcare monitoring and mobile diagnostics.
That mix matters. A marketplace with distribution across that many strategies reads as a real marketplace, not a single-asset-class project dressed up as one.
Next Friday
Part two. Why TokenBloq works now and the infrastructure underneath.
All the best,
-Tony
