Buy Waymo without owning Google

Daybreak lets you buy the part of a company you actually believe in.

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Why partials

Every company is a basket of businesses.

Company reporting defines the businesses. Revenue ratios set opening prices; trading determines their value from there. A complete set redeems for the underlying equity token, subject to fees.

Google
Google Services
Search, YouTube, Android, Play
$342.7B85%
Google CloudCloud$58.7B15%
WVOther Bets$1.5B<1%

Partials follow company-reported business breakdowns and may include several brands. What am I buying?

Browse partialsHow splitting works
Mint and redeem

Prices anchored to something real.

One equity token mints 100 tokens of every segment before fees. Return the complete set to redeem the underlying token, subject to fees.

Google
1 $GOOGLTokenized Alphabet stock
Mint
Redeem
Google
100 × Google ServicesSearch, YouTube, Android, Play
Google Cloud
100 × Google CloudGCP, Workspace
WV
100 × Other BetsWaymo, Verily, others
Trades above?Mint and sell.

The complete set anchors the combined value. How arbitrage works →

Buy me $100 of Google Cloud

“I think the market undervalues YouTube inside Alphabet.”

Take the positionRead the litepaper
buy what you believe in.