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Key Takeaways
- Jurassic Finance plans to tokenize a Triceratops skull, named Deaton, on Solana using an SPV structure with SPL tokens on-chain.
- The Deaton raise targets 660,000 USDC, with 600,000 going to escrow and 60,000 to the RAWR treasury.
- RAWR surged more than 89% in 24 hours following the announcement, as tokenized asset value on Solana reached $3.59 billion.
Jurassic Finance plans to tokenize a museum-grade Triceratops skull on Solana, which the firm says would be the first tokenized dinosaur, a claim that has not been independently verified. The skull, named Deaton, is roughly 60% to 65% complete by bone mass. Solana’s official account confirmed the plan in a July 28 post on X.
How the Tokenization Structure Works
According to Jurassic Finance’s own description of the process, Jurassic Finance Labs sources and purchases authenticated fossil specimens. Each purchase is structured as a separate special purpose vehicle, or SPV, a legal entity created to hold one asset.
Each vehicle then issues its own token on Solana, built to the network’s SPL token standard. Token holders receive economic and legal rights under that vehicle’s operating agreement, and those rights are transferable. Authentication, physical custody, and insurance for the fossil stay off-chain, while the ownership record itself sits on-chain.
The company said the model is designed to generate revenue after a specimen is placed with an institution. According to the company’s own description of its business model, ongoing revenue depends on museum placement deals that have not yet been finalized for Deaton. The firm said:
“Once a specimen is acquired and placed, it generates ongoing institutional revenue, abstracted entirely from token holders. Museums fund all operational overhead in exchange for display rights.”
The Deaton Raise and Token Supply
Jurassic Finance opened its fundraising round for Deaton in July, targeting 660,000 USDC. Of that total, 600,000 USDC would go into escrow for the seller, and the remaining 60,000 USDC would go to the treasury for RAWR, the project’s native token.
The tokenized version of Deaton would carry a total supply of 1 million tokens. Allocators in the raise would claim 95% of that supply on a pro rata basis, with the remaining 5% going to the RAWR treasury.
RAWR Token Jumps Following the Announcement
RAWR, which Jurassic Finance launched in mid-May, surged more than 89% over the 24 hours following the Deaton announcement, according to BeInCrypto Markets data. The 5% RAWR treasury allocation tied to the Deaton raise adds to the token’s existing supply, which was roughly two months old at the time of the announcement.
The gain reflects trading activity in a low-cap token launched roughly two months ago, and price moves of that size in newly launched tokens can reverse quickly.
Part of a Broader Push Into Tokenized Collectibles
The Deaton project fits a wider pattern of tokenization expanding beyond stocks and bonds into collectibles and historical artifacts. Combined tokenized asset value across the market rose 267% between June 2025 and June 2026, a period in which the category gained value while several other crypto sectors lost ground.
Solana currently ranks third among blockchain networks by tokenized asset value, holding a 9.74% share, according to data from RWA.xyz. The network’s total tokenized asset value stands at $3.59 billion, up 2.84% over the past 30 days. The number of holders on the network reached 312,309, a 6.28% increase over the same period.
It remains unclear whether Jurassic Finance’s Deaton raise will reach its funding target or whether the tokenized-fossil model will attract follow-on specimens.
