Interesting move from Revolut lately. Word on the street is they're giving ex-employees a shot at liquidating their equity holdings, but here's the kicker – they're offering buybacks at roughly 30% below current private market valuations.

This kind of secondary transaction usually signals one of two things: either the company wants to consolidate cap table control before a major move, or they're testing liquidity appetite among former team members. The steep discount is notable though. For context, most fintech unicorns doing employee buybacks typically offer 10-20% haircuts, not 30%.

Given how competitive the fintech/crypto-adjacent space has become, these corporate finance decisions around equity management deserve attention. Anyone tracking how traditional fintech players are handling token economics and equity structures might find this particularly relevant.