Powering Digital Co-operative Governance
Bit.coop enables digital governance models to enable FCA registered co-operative societies to use web3 technologies for democratic governance and capital fundraising.
Bit.coop also enable DAOs (decentralized autonomous organizations) to establish UK FCA Registered Mutual Society status for limited liability and incorporate entities.
Our Benefits
Community Shares, Voting, Internal Trade Tokens, 'Divi' Management - all available on immutable Web3 chains.
Fast Formation
Our streamlined processes will help you form and manage an FCA Registered Co-operative society.
Assured
Using Web3 blockchain technologies, we enable KYC checking, community capital ownership and democratic voting that is cryptographically secured.
Solution
Our innovative solutions are designed to allow you to focus on running your co-operative instead of administrative overhead.
Who We Are
We Aim To Be The Best Co-op governance solution in the world.
We are committed to becoming the world’s leading solution by closely collaborating with the enterprise.coop movement to help drive co-operative growth. Our goal is to help your organisation achieve success for your social goals, better access to finance and greater profitability for your members.
Tailored Solutions
Fast Adoptable Templates
What Clients Say
Here's what our clients have to say:
We're working with bit.coop to put or FCA rules onto Web3 technologies to allow us to better interact with our members and manage capital
Thomas Goldthorpe
Chief of Staff - Venture.Community
We're early adopters of Bit.coop to enable us to scale to dozens of co-operative SPVs to raise funds and manage each of the communities we serve.
Peter Hopton
Founder -
Co-operative Data Centres
Frequently Asked Questions
What types of services do you offer?
We offer support founding or migrating an FCA registered co-operative, as well as a digital solution for managing community shares, democratic voting, mutual trade, 'divi' web3 tokenisation and KYC (know your client) checks.
How do Web3 technologies work?
Members and prospective members get an application for their computer called a digital wallet, which holds their membership card and their tokens for community shares, mutual trade and divi. This wallet enables the transmission and receipt of these tokens and votes as open for their membership card.
Each member wallet can hold multiple memberships and tokens from different co-ops.
What is the process for migrating?
We generally recommend a vote or extraordinary vote for migration (depending upon if you need to change your rules).
Your co-operative must become a full member of our co-operative, and we then proceed to migrate your members into our system. Where the members are placing significant new investment, we follow best practice with KYC processes and these individuals are required to become a (non-user) member of our co-operative to transact.
What are the costs?
We are in the process of producing our full costs and price list at the moment, they will include a market rate charge per KYC, an annual fee and a setup fee.