Bitget Opens $100 Tokenized Pre-IPO Access To OpenAI On Solana

By Yellow News

11 days ago

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Bitget has opened tokenized pre-IPO access to OpenAI on its IPO Prime platform, with entry tickets starting at $100 and issuance running on Solana(SOL).

Bitget Listing Details

The crypto exchange said preOPAI is the second listing on IPO Prime, following a SpaceX-linked product called preSPAX. The token is issued by regulated partner Republic and is designed to track OpenAI's economic performance after a future public listing.

Bitget said the commitment window runs from May 12 at 8:00 UTC to May 15 at 8:00 UTC. Allocations follow between 8:00 and 12:00 UTC, with spot trading opening at 22:00 UTC+8 the same day.

According to the company, holders can trade their positions on the secondary market once distribution closes, removing the standard lock-up tied to traditional pre-IPO deals. About six months after any OpenAI listing, holders may redeem tokens for stock-linked assets or USDT at market pricing.

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Market Access Shift

"The way people access markets is changing," Gracy Chen, chief executive of Bitget, said in a statement. She added that the exchange is building toward a system where asset classes converge on one platform.

Bitget said preSPAX had drawn more than 13,000 subscribers and $171 million in commitments at publication.

The launch lands as private AI valuations climb, with McKinsey estimating a $4 trillion long-term opportunity in the sector.

Bitget rolled out IPO Prime earlier this year as part of its push into what it calls a Universal Exchange model, bundling spot crypto, tokenized traditional assets and now pre-IPO exposure under one platform.