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Tokenization platform XStocks introduces a new on-chain private equity fund
According to Mars Finance, Cointelegraph reports that the tokenized stock platform xStocks has partnered with alternative investment firm Fundrise to bring its newly listed Fundrise Innovation Fund on-chain. It is reported that the closed fund’s portfolio includes private stocks from tech companies such as Anthropic, Databricks, and SpaceX. Just a few days after its listing on March 19, the price skyrocketed from the initial $31 per share to $575. However, short-selling firms pointed out that Fundrise may be under investigation by the SEC due to paid solicitation activities. The stock closed at $173 this week, dropping nearly 34% on Friday and falling another 5.9% in after-hours trading.