Coinranking
PreStocks Tokens
26 coins #65
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What Are PreStocks?
PreStocks are tokens on Solana that give economic exposure to private companies before they go public, also called pre-IPO companies. They are issued by PreStocks, a tokenized equity platform. The private companies themselves do not issue these tokens. This list ranks PreStocks tokens by market cap, with live prices and 24h changes.
Quick Facts
- Issuer: PreStocks, not the companies the tokens track.
- Blockchain: Solana. The tokens are SPL tokens.
- Backing: Each token is backed by a special purpose vehicle (SPV) that holds shares in the private company.
- Trading: The tokens can trade at any time, on Solana decentralized exchanges.
- Ranking: We rank PreStocks by market cap, which is price times tokens in circulation.
How Pre-IPO Tokens Work
An SPV is a separate legal company set up for one purpose. Here, it buys shares in a private company like SpaceX or OpenAI. PreStocks then mints tokens on Solana that match the value of the shares in the SPV. Token holders get a share of the economic value, not direct ownership. If the company goes public or is sold, the value is passed on to token holders based on how many tokens they hold.
PreStocks vs Tokenized Stocks
Tokenized stocks, like xStocks, track shares of public companies that already trade on a stock market. PreStocks track private companies that are not listed anywhere. Prices for private companies are harder to check, because there is no public share price to compare against.
How to Trade Pre-IPO Tokens
You need a Solana wallet and some SOL for fees. You can then swap for PreStocks tokens on a Solana decentralized exchange. Check that the token mint address matches the official PreStocks token, because copycats can use the same name.
Risks
Token holders do not own shares directly and do not get voting rights in the company. The tracked companies are not involved and may not approve of these structures. Prices can move far away from the value of the shares. Liquidity can be low, and rules for these products can differ by country.
Related Lists
Frequently Asked Questions
- What are PreStocks?
PreStocks are Solana tokens that give economic exposure to private, pre-IPO companies such as SpaceX, OpenAI and Anthropic. They are issued by the PreStocks platform, not by the companies. Each token is backed by a special purpose vehicle that holds shares in the company. Holders do not own the shares directly.
- How do pre-IPO tokens work?
A special purpose vehicle, or SPV, buys shares in a private company. PreStocks then mints tokens on Solana that match the value held in the SPV. Token holders get a share of the economic value. If the company goes public or is acquired, the value is passed to holders in proportion to their tokens.
- Who issues PreStocks tokens?
PreStocks tokens are issued by PreStocks, a tokenized equity platform on Solana. The companies the tokens track, such as SpaceX or OpenAI, do not issue, sponsor or manage them. PreStocks sets up the special purpose vehicles that hold the shares and handles minting, redemptions and governance of the tokens.
- How do I trade pre-IPO tokens?
To trade pre-IPO tokens, set up a Solana wallet and add some SOL for network fees. Then swap for the PreStocks token on a Solana decentralized exchange. Always check the token mint address against the official source, because copycat tokens can use the same name. Rules can also differ by country.
- What is the difference between PreStocks and xStocks?
PreStocks track private companies that have not gone public yet. xStocks track shares of public companies that already trade on stock markets. Both are tokens on a blockchain. Public stock tokens can be compared to a market price, while pre-IPO tokens track companies with no public share price, so their value is harder to check.
- Are pre-IPO tokens risky?
Yes, pre-IPO tokens carry high risk. Holders do not own shares directly and have no voting rights. The tracked companies are not part of the structure and may not approve of it. Prices can differ a lot from the real value of the shares. Liquidity can be low, and legal rules vary by country.