You thinking of a coloures coin system ?

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i’m curious abt finding another approach- something that doesn’t rely on a single blockchain, or need to bootstrap it’s own

If we are speaking inside the bitcoin economy i whould say a model like that cashu thing could be used to represent shares or as to its own thing who knows maybe its possible to build on nostr or something else.

Just spitballing for sure above my paygrade

Yea a mint with proof of reserves and proof of liabilities is the way to go here I think