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The crypto speech opens IPO Prime entree with Republic to connection Solana-based tokens tied to backstage firms up of nationalist listings.
Updated Apr 21, 2026, 3:40 p.m. Published Apr 21, 2026, 3:25 p.m.
Crypto speech Bitget rolled out a caller level offering tokenized vulnerability to backstage companies, starting with an plus linked to SpaceX, arsenic firms propulsion to bring early-stage investing onto blockchain rails.
The platform, called IPO Prime, allows users to subscribe to tokens that way the economical show of companies earlier they spell public. Its archetypal listing, preSPAX, is tied to Elon Musk’s abstraction and artificial quality steadfast and is issued done Republic, an concern level specializing successful backstage markets, with tokens minted connected the Solana blockchain.
Trading began aft a abbreviated subscription window, giving users near-immediate liquidity. That marks a interruption from accepted pre-IPO investing, wherever stakes successful backstage firms are often locked up for years with constricted options to exit.
Instead of fixed allocations, users perpetrate stablecoins into a excavation and person tokens based connected full demand. Once distributed, those tokens tin beryllium traded connected a spot market, allowing investors to set positions arsenic expectations astir a aboriginal listing shift.
Tokenization has gained traction crossed accepted finance, from bonds to wealth marketplace funds to equities. Extending the exemplary to pre-IPO markets could widen entree to a conception agelong dominated by task superior and backstage equity, portion investigating however acold crypto infrastructure tin reshape superior formation.
The pre-IPO tokens bash not correspond equity ownership. They are derivatives structured to reflector fiscal outcomes tied to a company’s valuation aft a nationalist debut.
SpaceX is preparing for 1 of the astir wide expected banal marketplace debuts this year, aft the steadfast reportedly confidentially filed for an IPO.
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