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- Bitget has launched IPO Prime, a new feature that gives eligible users the opportunity to offer tokenized pre-IPOs through a subscription model.
- The first product under the program is preSPAX, a digital tool connected to SpaceX’s operational capabilities.
Bitget is moving into the private market and is a product that aims to bring exposure before the IPO closer to retail users, not only institutions but also financial institutions.
The exchange said on Friday that its new offering, called IPO Prime, will start with preSPAX, a digital asset linked to SpaceX’s financial services. The private equity firm is currently valued at $1.54 trillion on the Nasdaq Private Market, according to report.
Bitget and Republic push forward IPO into token format
IPO Prime is powered by Republic and is built around a subscription model. Eligible users apply to be distributed in token-based offerings, with limits set by the user segment.
The top VIP groups receive access to the main entrances, which makes the sale even more popular despite the fact that the theme is investment in the business.
After the registration phase is over, the digital assets go to the online market on Bitget, where they can continue to be sold. That is a very important point. The focus here is not only on initial access, but also on revenue. Traditional pre-IPO exposure is defined by waiting. Bitget is trying to shorten that distance.
The first application, built by SpaceX, makes the product visible immediately. SpaceX is one of the most watched private companies in the world, and the need for indirect visibility has been strong for years.
A big bet is how private market funds are distributed
Bitget’s CEO, Gracy Chen, said that the transaction should improve access to pre-IPO opportunities beyond investors. This is the main argument behind IPO Prime. Allow users to participate in the company’s growth, then provide them with continuous product flexibility instead of locking them into a private market.
There is another corporate side here as well. Crypto exchanges have spent years trying to prove that they can offer more than just speculation. Products like this show that the next phase may involve using crypto infrastructure to re-establish the water market opportunity in a liquid, software-based model.
