Binance Launches Pre-IPO Token Trading Ahead of Tech Supercycle

Binance has begun surfacing pre-IPO assets in the Markets section of its Web3 Wallet, adding a new on-chain product tied to private companies that have not yet gone public. The exchange said that five pre-IPO assets are now available in the wallet view of its app. Pre-IPO Tokens Tied to SpaceX and OpenAI The Richard Teng-led exchange did not name those five assets listed on the market in its brief announcement. Pre-IPO assets are now easier to discover in #BinanceWallet.The first batch of 5 assets is now available under [Markets] in the [Wallet] view on the Binance App, making it easier to explore related on-chain Pre-IPO assets.👉 Explore now: https://t.co/ajDvELjYP8 pic.twitter.com/Xo8CX2rfoU— Binance Wallet (@BinanceWallet) April 10, 2026 However, PreStocks, which said its pre-IPO assets are now live in the Binance app, said its platform offers tokens linked to SpaceX, OpenAI, Anthropic, Anduril, Kalshi, and Polymarket. On its website, PreStocks says its tokens are backed 1:1 by special-purpose-vehicle exposure to the underlying company shares. PreStocks says its tokens do not confer ownership, voting, dividend, information, or other legal rights. The company also says the products are not available in the United States or to US persons. Essentially, this structure leaves holders with price exposure rather than shareholder rights. Meanwhile, Binance’s entry into the tokenized equity sector intensifies an ongoing arms race among major digital asset platforms to capture traditional financial workflows. Major crypto exchanges, including Kraken and Gemini, have increasingly explored adjacent traditional offerings over the past year. Notably, Bitget, another major rival, debuted a parallel product, IPO Prime, just days prior. These firms’ aggressive launches show that they are trying to capture some of the retail demand generated by the 2026 “IPO supercycle.” Market analysts noted that this IPO cycle is projected to be one of the largest in history, potentially unlo...