Binance has started offering pre-IPO assets through the Markets section of its Web3 Wallet, introducing a new on-chain product linked to private companies that have yet to list publicly.
The exchange confirmed that five pre-IPO assets are now visible within the wallet section of its mobile application.
While Richard Teng’s exchange did not disclose the names of the listed assets in its announcement, PreStocks stated that its products now available through the Binance app include tokens tied to SpaceX, OpenAI, Anthropic, Anduril Industries, Kalshi and Polymarket.
According to information published on the PreStocks website, each token is supported on a 1:1 basis through special-purpose vehicle exposure connected to the underlying private shares.
The company clarified that these tokens do not provide holders with equity ownership, voting rights, dividend entitlement, access to company information, or any other legal shareholder protections.
Instead, investors receive price exposure to the performance of the underlying private firms without acquiring direct ownership rights.
PreStocks also noted that the product is unavailable to users in the United States and to US persons.
Binance’s latest move increases competition in the growing tokenised equity space as major crypto exchanges push deeper into services traditionally associated with conventional finance.
Rival platforms including Kraken and Gemini have also expanded into adjacent financial products over the past year.
Another competitor, Bitget, recently launched a similar offering known as IPO Prime only days before Binance’s rollout.
These launches reflect a broader industry push to capture heightened retail investor interest surrounding what analysts are calling the 2026 IPO supercycle.
Market observers have projected that the current cycle could become one of the largest on record, with the potential to unlock more than $3.6 trillion in value.
SpaceX, led by Elon Musk, is widely seen as one of the most anticipated companies in the upcoming listing wave.
The aerospace company reportedly submitted a confidential filing to the U.S. Securities and Exchange Commission on 1 April and is said to be targeting a June 2026 public listing.
Reports suggest the company could seek a valuation of approximately $2 trillion when it enters the public market.