PIPO
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Companies before they fly

Get structured exposure to private companies through digital notes. Trade on a secondary market, then redeem into shares at IPO or M&A when eligible.Get structured exposure to private companies through digital notes. Trade on a secondary market, then redeem into shares at IPO or M&A.

Exit strategy, built in from day one

We reduce investment risk by engineering liquidity upfront — not hoping for it later.We engineer liquidity upfront to cut risk.
amazon
facebook
airbnb
uber
spotify

Real-world examples of structured exitsReal-world examples of structured exits

Early investors in outfits like Uber, Airbnb, and Palantir didn't chase hype. They bet on a straightforward path to IPO and sharp market timingEarly investors in Uber, Airbnb, and Palantir backed a clear IPO path and timing.
Average Time to IPO

1 Year

Average IPO timeline once a company is on the exit track.Average IPO timeline once on the exit track

$5T

Tokenized assets market size projection by 2030 by CitiTokenized assets market size projection by 2030 by Citi
Number of IPOs per YearNumber of IPOs per Year

1300+ IPOs

Global IPO market remains active and provides frequent liquidity outcomesGlobal IPO market remains active and provides frequent liquidity outcomes

How pricing can move before IPO

Before a public listing, pricing can evolve based on defined milestones and market activity.We engineer liquidity upfront to reduce risk.
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$1.0 USD
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$4.0 USD
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Phase 1
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Initial pricing
Initial price reflects early-stage uncertainty before key legal, operational, and market milestones are reached.Initial pricing reflects early- stage uncertainty before key milestones are hit.
Baseline valuation
Market reference points
Valuation benchmarks established. Market activity creates reference points for price discovery.Market activity creates reference points for pricing.
Strong market signals
Public market anchor
Liquidity and market presence position the asset as a recognized anchor for public listing.Liquidity positions the asset as an anchor for public listing.
Liquid asset

$4

Minimum price for listing on NASDAQMinimum price for listing on NASDAQ

Verifiable backing and enforced compliance

Proof of ReservesProof of Reserves

Every token mint is backed by custodian -confirmed purchases of underlying assets. Independent verification available.Every mint is backed by custodian-confirmed asset buys. Independent checks available.
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Custodian confirmationThird-party custodian confirms asset purchase
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Token mintingDigital notes minted on-chain after confirmation
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Public verificationHolders can verify reserves independently

Smart-contract compliance

Eligibility constraints, transfer rules, and compliance requirements enforced at the protocol level with full auditability.Rules and compliance enforced on-chain, fully auditable.
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Eligibility enforcementKYC and accreditation verified on-chain
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Transfer constraintsAutomated compliance checks for every transfer
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Immutable audit trailAll actions recorded and publicly auditable

The pre-IPO market, made liquidThe pre-IPO market, made liquid

A clear legal framework, auditable operations, institutional-grade security.

Liquid pre-IPO exposure

Access structured exposure to private companies through digital notes backed by real assets.

Secondary Market Order Book

Trade tokens before IPO with real price discovery through limit and market orders.

Proof of Reserves

Every mint is backed by custodian -confirmed purchase of underlying assets.

Smart-contract complianceSmart-contract compliance

Eligibility and transfer restrictions enforced at the protocol level.

Flexible exit optionsFlexible exit options

Redeem into real shares at liquidity events, or sell on secondary for USDC/cash proceeds.

Institutional infrastructureInstitutional infrastructure

Built on enterprise-grade custody and security standards from day one.

News and Updates

Stay informed with the latest platform news, market trends, and regulatory changes.

  • Exits

    How long do you have to hold a pre-IPO investment before you can sell?

    Read

  • Pricing

    Why tokenized stock prices sometimes differ from the real share price

    Read

  • Warrants

    What is a share subscription warrant?

    Read

  • Ownership

    Do tokenized stocks give you real ownership?

    Read

FAQ

Pre-IPO means investing in a company before it is listed on a public stock exchange. Historically, this access was mostly available to large funds and venture investors. PIPO opens this stage to retail investors through tokenization.
In many cases, the largest company valuation growth happens before the IPO. Once a company is public, a significant part of that growth may already be priced in.
A security token is a digital token that qualifies as a security under applicable law. It can carry financial rights, such as income distribution rights, equity conversion rights, or other investor entitlements.
If an instrument qualifies as a security, it must be issued and serviced under a securities-compliant legal structure. On PIPO, that wrapper is provided through licensing setup.
When you buy a token on PIPO, you receive a right to claim future equity, not direct share ownership. The SPV holds the underlying shares and the token can be converted under predefined terms.
Before conversion, you do not hold direct shareholder rights like voting rights, dividends, or direct legal ownership. You hold a tradable position with conversion rights defined in the deal terms.
An SPV (Special Purpose Vehicle) is a separate legal entity established for a single deal. It serves as the legal issuer of the token and creates a verifiable legal link between tokens and underlying shares.
Each SPV ring-fences deal assets and liabilities, keeps segregated accounting, and improves transparency through structured reporting and audits. Issues in one deal are isolated from other deals.
Eligibility is determined by KYC/AML checks and geo-gating rules. Only users from supported jurisdictions can access deals.
At launch, the platform does not serve residents of the US, UK, or EU pending separate licensing. The final eligibility matrix is published in the user dashboard.
OTC (Over-The-Counter) trading means participants trade directly rather than through centralized automatic matching. On PIPO, users post buy/sell interests, agree on price, and settlement is completed in USDC with platform facilitation.
OTC enables flexible early liquidity while the platform expands licensing coverage for additional market formats.
Before IPO, token price is market-driven by supply and demand among participants. There is no fixed price: value is discovered through trading activity.
Price is influenced by roadmap milestones, partnerships, fundraising rounds, M&A/IPO expectations, and periodic investor reports.
When a conversion event happens, a conversion window opens. During that period, token holders can exercise the conversion mechanics defined by the deal.
Two standard options apply: convert into real shares or take monetary redemption by default, depending on the event terms.

Request access to liquid Pre-IPO markets

Trade with transparency, verify backing, and exit via secondary sale or share redemption at IPO/M&A when eligible.