Delay is one of the most profound but overlooked inefficiencies in today’s capital markets - one that on-chain capital markets are uniquely positioned to solve. In traditional markets, public companies have up to 45 days to file quarterly reports, up to 90 days for annual disclosures, and insiders can delay filing beneficial ownership disclosures (Forms 13D and 13G) for up to 5 days (or even 45 days in some cases). This means that material, potentially market-moving information can remain hidden from the public for some time. The result? Reduced transparency and price efficiency, and the heightened risk of insider trading and market manipulation. By contrast, on-chain capital markets offer the possibility of real-time, tamper-proof disclosure. Financial performance, insider activity, and governance changes could potentially be publicly available in real-time. Eliminating delays means more fairness, efficiency, accountability, and market integrity: markets that work better for everyone, not just those on the inside.