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Tokenized pre-IPO stocks: OpenAI & Anthropic

OpenAI and Anthropic are the most-wanted private AI companies, and neither is public. Crypto exposure comes in two flavours - synthetic perpetual futures (price bets, no ownership) and SPV-backed tokens that both companies have publicly disavowed. Here is what actually trades, and what each does (and does not) give you.

CompanyWhat we trackWhat you getVenues
OpenAI6 listings Perpetual futures only Synthetic - no ownership Binance, Bitget, OKX, KuCoin, Gate, Lighter
Anthropic6 listings Perpetual futures only Synthetic - no ownership Binance, OKX, KuCoin, Bitget, Gate, Lighter

Both are still private companies. The listings we track are synthetic perpetual futures - price exposure only, no ownership. SPV-backed tokens exist on other platforms, but both companies have disavowed them (see below).

Two ways to get exposure

There is no ordinary tokenized share of OpenAI or Anthropic, but two kinds of crypto exposure exist. The first - and the only kind we track - is a synthetic perpetual future: a cash-settled, leveraged bet on an estimated valuation, with no equity, dividend, vote or claim on the company. The second is an SPV-backed token that claims indirect economic exposure through a special-purpose vehicle holding (or contracting for) private shares.

The "backed" tokens are contested

Several platforms have issued SPV-backed OpenAI and Anthropic tokens on-chain - PreStocks on Solana, Jarsy on Base (redeemable), a Robinhood stock token on Arbitrum for the EU, and Bitget IPO Prime. But OpenAI and Anthropic have publicly disavowed them, saying the underlying share transfers were not authorised and confer no ownership, voting or dividend rights. Several have been highly volatile - the Solana SPV tokens fell around 40% in May 2026. Treat "backed" here as a contested claim, not a settled right.

Before you trade

The perps we list carry the usual perpetual-futures risks - leverage, funding costs and liquidation if the mark moves against you - and price off pre-IPO reference marks rather than a live public market, so they gap harder than a tokenized public stock. There is nothing to redeem and no underlying to hold. If you want ownership-style exposure to AI, tokenized public stocks (NVDA and adjacent names) are backed and redeemable; pre-IPO exposure - perp or SPV token - is a directional bet on a contested valuation.

Full detail per company: OpenAI listings · Anthropic listings. See also holder rights explained · all markets.