Metalex Labs: onchain entities could give companies the independence of a self-custody wallet

The author argues that putting corporate entities onchain could extend self-custody-style independence to companies, funds, and associations. The piece distinguishes constitutive onchain records—where the blockchain is the legally authoritative securities ledger, supported by DGCL §224 permitting stock ledgers on distributed networks—from tokens merely referencing offchain records. A "walkaway test" gauges whether an organization survives its software provider's disappearance. The author cites privacy tools like zero-knowledge proofs, jurisdictional portability, and "cybernetic law" combining legal judgment with code execution, framing the effort as MetaLeX's building direction. The claimed benefits include lower coordination costs, replaceable vendors, and an open software market for financing, governance, and employee ownership.

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