Fundrise is partnering with Kraken to tokenise shares of its Innovation Fund VCX, creating a new onchain asset called VCXx on the xStocks platform.
The token will provide investors with exposure to a portfolio of late-stage private technology companies, including SpaceX, OpenAI, Anthropic and Databricks, through a single digital asset.
“We built VCX to act as a bridge between the public and private markets,”
Said Fundrise CEO Ben Miller, adding that tokenisation allows individuals to access top private tech investments via a regulated structure.
VCXx will be fully backed by underlying VCX shares and issued through Backed Assets, with trading expected to go live on xStocks in the coming days.
Eligible investors will be able to purchase the token using USDG or U.S. dollars, with availability primarily targeting users outside the United States.
The token is designed to move across exchanges, wallets and onchain applications, enabling use cases such as collateralisation and integration into automated DeFi strategies.
The launch expands Kraken’s xStocks offering beyond tokenised public equities into private market exposure, a segment traditionally limited to institutional investors.
If successful, the model could provide a blueprint for bringing private assets onchain while maintaining regulatory compliance and global accessibility.