Bitget and BingX launch tokenized SpaceX pre-IPO access
6.9 Investments Bitget and BingX now offer tokenized pre-IPO access to SpaceX, letting retail users gain exposure to private equity via blockchain. These platforms aim to democratize pre-IPO investing.
Bitget has introduced IPO Prime, a subscription-based platform that allows eligible users to access tokenized pre-IPO offerings. The first asset, preSPAX, is a digital token linked to SpaceX’s economic performance. Developed in partnership with Republic, this initiative aims to democratize pre-IPO access, extending opportunities to retail users rather than just institutions. Users can apply for allocations based on their VIP tier, with higher levels receiving larger quotas. After the subscription phase, preSPAX tokens are traded over-the-counter (OTC) on Bitget, providing liquidity. Notably, preSPAX does not grant equity or voting rights but tracks SpaceX’s financial performance post-listing. The sale opens on April 18, capped at $1 billion. Meanwhile, BingX has launched a SpaceX Pre-IPO token through its Xpool platform. Here, users stake USDT to earn points, which can be redeemed for tokens in a limited airdrop. Both exchanges are leveraging blockchain to bridge private equity and digital assets, offering retail investors access to high-growth companies before IPOs—a market traditionally reserved for institutions.
