OKX to Launch OpenAI, SpaceX and Anthropic Perpetual Futures in Pre-IPO Trading Push

1 week ago 12

In brief

Crypto speech OKX announced plans for perpetual futures tied to OpenAI, SpaceX, and Anthropic valuations.
The derivatives contracts volition way secondary marketplace prices without granting equity ownership oregon shareholder rights.
OKX volition articulation Bitget and Injective successful offering pre-IPO vulnerability done crypto platforms.

Crypto speech OKX is preparing to motorboat perpetual futures contracts that way the valuations of high-profile backstage companies including OpenAI, SpaceX, and Anthropic, the steadfast said Wednesday.

The perpetual futures volition let traders to speculate connected backstage institution valuations done derivatives that settee without delivering existent shares, according to the announcement.

The contracts way notation prices linked to secondary marketplace activity, but assistance nary equity ownership oregon accepted shareholder benefits similar voting rights oregon dividends. No timeline was announced for OKX’s offering.

The archetypal people companies span the tech sector's astir invaluable backstage firms. ChatGPT shaper OpenAI and Claude developer Anthropic are the 2 biggest privately held giants starring the AI industry, portion Elon Musk’s abstraction exploration institution SpaceX is gearing up for an impending IPO—and the steadfast precocious merged with Musk’s ain AI startup, xAI.

The determination positions OKX among a question of crypto platforms chasing pre-IPO marketplace exposure. Bitget entered the conception successful April done its "IPO Prime" platform, portion Injective launched pre-IPO perpetual futures past year.

Not each people companies invited the attention. When Robinhood pursued a related exemplary past twelvemonth with OpenAI-linked tokens backed by a peculiar intent conveyance holding secondary shares, OpenAI distanced itself from the product and said it had nary affiliation.

Robinhood precocious recovered different mode to springiness retail investors vulnerability to the AI giant, with its Robinhood Ventures money investing $75 cardinal into the startup. Retail investors tin bargain shares successful the money to summation vulnerability to that concern and others successful backstage tech firms. Also, AngelList precocious launched its USVC fund that likewise lets retail investors get vulnerability to OpenAI, Anthropic, and xAI, starting astatine $500.

Alongside revealing plans for pre-IPO perps, OKX also announced tokenized banal trading connected its level via a link-up with Ondo Finance, arsenic good arsenic caller equity perps for trading.