Quer comprar ações da Claude? Anthropic: transferência de ações não autorizada é inválida, processou intermediários do mercado secundário

Anthropic move to court to block unauthorized secondary market trading, claiming some share transfers are invalid. The company’s valuation soared to $1.4 trillion in the private equity market, and this case will impact AI capital market regulations.

Anthropic takes action to halt unauthorized equity transactions

AI company Anthropic recently filed a lawsuit in Delaware, USA, officially challenging secondary market equity transactions without company approval, and asserting that some share transfers are “null and void from the outset.”

This case quickly drew attention from Silicon Valley and the crypto market, due to Anthropic being valued at over $1.4 trillion by some private and blockchain markets, making it one of the most watched unlisted AI companies globally.

According to official documents, Anthropic accuses certain investment instruments and intermediaries of, without company approval, using SPVs (special purpose vehicles) and secondary market arrangements to resell or package Anthropic equity exposure products, violating transfer restrictions in the company’s articles of incorporation.

Anthropic believes that such transactions could undermine the company’s control over its shareholder structure and may allow unverified investors to obtain economic benefits, thus requesting the court to declare the relevant share transfers invalid.

AI Sector Pre-IPO Market Rapidly Heating Up

Anthropic has recently become one of the most talked-about companies in the global AI market. In February this year, when the company completed Series G funding, its official valuation was about $380 billion; as secondary and on-chain pre-IPO trading heats up, market prices have begun to diverge significantly from official funding valuations.

Data from some on-chain platforms and private markets show that Anthropic-related equity exposure products recently reached a valuation of up to $1.4 trillion, even surpassing OpenAI. In recent years, the crypto market has popularized the “tokenization of unlisted equity” model, allowing global investors to indirectly participate in valuation speculation of hot AI companies through SPV structures and on-chain tokens.

Image source: X/@MaxCryptoSpace Anthropic-related equity exposure products recently reached a valuation of up to $1.4 trillion, even surpassing OpenAI

This type of market features 24-hour trading, high leverage, and high liquidity, which also causes valuation volatility to be much faster than in traditional private markets. Anthropic’s lawsuit is seen by outsiders as a formal move to cool down the rapidly expanding pre-IPO market.

Delaware Court Becomes Key Battleground

Since Anthropic is registered in Delaware, the case will ultimately be interpreted by local courts regarding the validity of the company’s articles of incorporation and share transfer restrictions. The core legal issue is whether the company has the right to prevent unauthorized economic benefit transfers, and whether SPV structures constitute substantive share transfers.

If the court supports Anthropic’s claims, many popular AI companies and unicorns may further tighten secondary market trading restrictions, or even revisit the prevalent tokenized private equity models.

If the court finds that SPVs or on-chain exposure products do not constitute formal share transfers, it could open up more space for the unlisted AI equity market. The case has attracted high market attention, as it could influence future operations of AI capital markets and private equity trading rules.

AI and Crypto Markets Accelerate Integration

The Anthropic case also highlights that the boundary between AI and crypto markets is rapidly blurring. Previously, only large funds and family offices could participate in investments in hot unlisted companies; now, on-chain financial tools and tokenization structures are enabling more retail investors to access formerly closed private markets.

• Supporters argue that tokenized private equity can improve liquidity and market efficiency, making capital markets more open;
• Critics worry that high-leverage transactions lacking regulation and transparency could create new speculative bubbles.

As valuations of AI companies like Anthropic and OpenAI approach those of major tech giants, market enthusiasm for AI assets continues to rise. This Delaware legal battle also marks the first significant case where AI financialization and on-chain capital markets collide and enter the judicial arena.

This content is summarized by Crypto Agent from various sources, reviewed and edited by “Crypto City”. It is still in training, and may contain logical biases or inaccuracies. The content is for reference only; do not consider it investment advice.