According to FT, Chinese investors are using stablecoins and offshore crypto platforms to bypass capital restrictions, buying tokenized products that track pre-IPO valuations of U.S. technology companies such as SpaceX and OpenAI. Although companies such as OpenAI and Anthropic have previously said they do not recognize unauthorized tokenized contracts or secondary transfers, these related products may not provide actual economic interests, but some investors still hope to gain exposure to U.S. tech IPOs and opportunities to diversify their assets.

SPCX7.45%
SPCXX-2.26%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 3
  • 1
  • Share
Comment
Add a comment
Add a comment
MintCondition
· 15h ago
This approach is too reckless; even OpenAI says they don't recognize it. What do buyers see in it?
View OriginalReply0
TwoFactorZen
· 15h ago
Buying SpaceX shadow shares with USDT also makes you an Elon Musk shareholder, rounding included.
View OriginalReply1
BetweenBidAndAsk
· 15h ago
Once this FT report comes out, it will probably tighten again.
View OriginalReply0
  • Pinned