24/7 Tokenized Pre-IPO Pricing
Xavier Ekkel, founder of PreStocks, on 24/7 tokenized pre-IPO stock
The core move is turning messy private market deals into something that trades like a clean public market ticker. In the normal secondary market, every SPV can carry its own fees, lockups, and paperwork, so two investors buying the same company can end up owning economics that are not really comparable. PreStocks is trying to strip that complexity away at the product layer so the token price tracks only the market’s live view of the company’s value, not the structure wrapped around it.
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This matters because private market pricing is usually stale. Traditional deals can take weeks to close, with fragmented bids and bespoke terms, while PreStocks is built for 24/7 on-chain trading on Solana, where more participation can produce faster price discovery and a tighter market clearing price.
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The simplification is mostly about the user experience, not eliminating the legal plumbing. The underlying exposure still sits in SPVs that handle cap table updates, disclosures, and corporate actions. What changes is that the investor buys a tokenized wrapper instead of reviewing a custom deal packet each time.
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That is a sharp contrast with incumbent private marketplaces and other retail access models. EquityZen has stayed cautious on tokenization because of regulatory risk, while Jarsy still uses fee mechanics like group presell rewards. PreStocks is positioning around cleaner, more standardized exposure as the product advantage.
The direction of travel is toward private assets trading more like public ones, with instant execution, visible prices, and eventually lending and shorting layered on top. If that model works, the winning platforms will be the ones that hide SPV complexity best, standardize economics most aggressively, and pull the deepest liquidity onto their rails.