Laso Finance Launches Futarchy ICO on MetaDAO, Raising in USDC on Solana

Laso Finance, a privacy-first crypto payments app serving over 16,000 registered users across Ethereum, Solana, and Stellar, announced on June 22 that it will raise in USDC via MetaDAO META$2,849.46-7.3%'s futarchy launchpad, with the sale running June 30 to July 3, 2026. Colosseum confirmed it is investing, calling Laso the winner of its Q1 2026 Eternal sprint.

The raise has a $750,000 minimum. If that threshold is not reached by the time the sale closes, all committed USDC is refunded to participants. The maximum raise is deliberately hidden — Laso says a visible hard cap invites whale sniping and would disadvantage smaller participants — so the final amount accepted will be revealed only after the sale ends.

What Laso Finance Does

Laso Finance lets users connect a crypto wallet and spend stablecoins without surrendering identity documents. Connect a wallet, deposit USDC or USDT (Solana, Ethereum, and nine other chains supported), and Laso issues a prepaid card in seconds. The card works with Apple Pay, Google Pay, and Samsung Pay in 100-plus countries. Gift cards from 2,000-plus brands and direct push transfers to US debit cards round out the product lineup.

The company is a FinCEN-registered money services business (registration 31000328975254), incorporated in Austin, Texas.

In the 30 days ending June 4, 2026, Laso received $720,418 in payments, generating $34,454 in revenue from 3,155 monthly active spenders — a take rate of roughly 4.8%. Total marketing and referral spend in that period was $1,505. A small but growing share of that volume, between 2% and 4%, comes from AI agents using Laso's x402-compatible payment API.

How the MetaDAO Futarchy Raise Works

MetaDAO's ICO model is distinct from a standard token launch. As described in MetaDAO's documentation, participants commit USDC over a four-day window. If the minimum raise is met, funds flow into a market-governed treasury — the team draws from a capped monthly allowance and cannot transfer additional funds without a futarchy proposal approved by token holders. If the minimum is not met, everything is returned.

Per the Laso Finance announcement, the team allowance is $50,000 per month ($30,000 in salaries, $5,000 in technical infrastructure, $1,500 in banking operations, $10,000 in marketing, $3,500 in legal). Any spend beyond that cap requires a governance proposal.

As we covered when MetaDAO's futarchy executed its first onchain take-private, the platform's decision markets have now been stress-tested through a capital markets transaction. Laso's ICO would be one of the first fundraises from a product with established, reported traction rather than a pre-revenue team.

Token Structure

Per the Laso Finance announcement, the LASO token total supply is 40 million. ICO participants receive 10 million tokens (25% of supply) distributed proportionally to their committed USDC. A further 2.9 million tokens (7.25%) go to liquidity pools (2 million on MetaDAO's futarchy AMM and 900,000 on a Meteora pool). The remaining 27.1 million tokens (67.75%) are reserved for the team, but unlock only at price milestones.

Those milestones are performance-based: team tokens vest in five equal tranches, each triggered when LASO's three-month TWAP doubles from the previous tranche's price. The first tranche cannot unlock until 18 months post-TGE regardless of price performance.

ICO participants receive the same price with no vesting period.

Use of Funds

Laso identifies three priorities for the raise: increasing its card float to prevent weekend stock-outs (the company can only refill balances at card issuers during banking hours), hiring a marketing and UX role alongside 24-hour customer support, and building out agentic commerce infrastructure — specifically US FBO bank accounts and a reloadable credit card BIN so AI agents can receive and send funds, not just spend them.

Laso's announcement notes its Google AdWords campaigns showed a 16.51x LTV/CAC ratio in the most recent 30-day period. The company says doubling volume produces better-than-linear revenue growth because higher throughput unlocks deeper vendor discounts.

The company declined prior private VC rounds in favor of MetaDAO's community-based approach.