24/7 Tokenized Pre-IPO Liquidity

The real shift is that tokenization turns private stock from a slow brokered transaction into something closer to a continuously traded product. In the legacy market, deals can take weeks or months, prices arrive after the fact, and each SPV or broker layer adds custom fees and friction. PreStocks is trying to collapse that delay so buyers and sellers react to new information immediately, which is what makes price discovery sharper and trading feel more liquid.

• Traditional private secondary markets are fragmented across brokers, SPVs, and issuer approvals. That fragmentation is the core liquidity bottleneck, because it slows matching, inflates fees, and leaves buyers looking at stale prints instead of a live market price.
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• Tokenization mainly improves the demand side. Jarsy and PreStocks both keep an SPV on the back end, but give investors a small, standard, on-chain claim instead of making each buyer join a bespoke fund vehicle. That is how minimums fall and trading can happen in smaller increments.
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• Real-time pricing matters beyond trading. Older research on private markets shows that better price discovery helps companies recruit, set expectations before IPO, and reduce the gap between private marks and what the market will actually pay. A live token market is an attempt to build that feedback loop earlier.
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The next step is less about simple buy and sell access and more about building a full market structure around these assets. As tokenized pre-IPO shares become easier to borrow, lend, and use as collateral, liquidity should deepen further, and the strongest platforms will be the ones that combine continuous trading with cleaner standardization than the old broker and SPV stack.