Bitget brings pre-IPO tokens to masses starting with SpaceX shares on Solana
Bitget's new IPO Prime platform allows users to trade Solana-based tokens linked to the economic performance of private companies like SpaceX.Summary
Crypto exchange Bitget has launched 'IPO Prime,' a platform enabling retail access to pre-IPO financial exposure through tokenization. In partnership with Republic, the platform's first offering, 'preSPAX,' tracks the economic performance of SpaceX using tokens minted on the Solana blockchain. Unlike traditional private equity, which often involves multi-year lock-up periods, these derivatives provide investors with liquidity on a spot market, allowing for adjustments as market expectations change. While these tokens do not confer actual equity ownership in the companies, they represent a significant step in utilizing blockchain infrastructure to broaden access to pre-public investment opportunities that were previously restricted to institutional venture capital.
(Source：CoinDesk)