Binance, through Solana-based PreStocks, has added five pre-IPO assets to the Markets section of its Web3 Wallet. PreStocks says its tokens on the app are linked to megac private companies including SpaceX, OpenAI and Anthropic. The new products do not provide ownership or shareholder rights and are unavailable to US persons. The first batch of five assets is now available under Markets in the Wallet view on the Binance app.
Binance’s entry into tokenized equity intensifies an ongoing arms race among major crypto platforms to capture traditional financial workflows, with rivals like Kraken and Gemini increasingly exploring adjacent offerings. Bitget recently debuted a parallel product, IPO Prime, just days prior. Market analysts project this IPO cycle could be among the largest in history, potentially unlocking over $3.6 trillion in value.
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