How Family Offices Use Tokenized Pre-IPO Exposure

Why family offices look at tokenized pre-IPO

Family offices tokenized pre-IPO exposure for three reasons: speed of discovery, fractional sizing, and 24/7 markets that traditional secondaries lack (see liquidity in tokenized pre-IPO markets). OpenStocks serves that curiosity with BNB Chain tokens—economic exposure only—not a replacement for SPVs that hold preferred shares.

Eligible offices outside the US and other prohibited jurisdictions (for example in Hong Kong, the UAE, the UK, or the EU) can explore app.openstocks.xyz/trade. US persons, persons in the United States, and offices based in Singapore are not eligible. Eligibility depends on your jurisdiction; see the Terms.

The two-sleeve model

Sophisticated offices rarely pick one rail:

1. Ownership sleeve — SPVs, Prime-style single-asset funds, or brokerage secondaries that can hold preferred (Prime, vs SPV)

2. Expression sleeve — OpenStocks tokens for theme trading, hedging experiments, or education of next-gen principals

Mixing sleeves without labeling them in the IPS is how committees get confused.

What tokens deliver to an FO

• Self-custodial balances with onchain settlement (settlement)

• Fractional tickets across Anthropic, Figure AI, Anduril, Neuralink themes

• Continuous price discovery that is not a private mark (token vs mark)

What they do not deliver: ownership, voting, dividends, information rights, or issuer affiliation.

Governance checklist for principals

• Write "tokens ≠ equity" into investment policy statements

• Cap onchain sleeve as a percentage of liquid risk budget

• Require hardware wallets and dual-control for size

• Ban seed sharing in family group chats

• Review risks annually

• Confirm geo eligibility every travel quarter

Operations: wallets, entities, and tax

Some offices trade from an entity wallet; others use personal wallets then contribute—tax and substance rules vary by jurisdiction. Counsel should opine before large flows. Gas and approvals are operational costs (gas fees).

OpenStocks is not a broker-dealer; Allocations partnership supports SPV/fund admin workflows separately (Allocations).

When an FO should skip tokens

• Mandate requires registered securities only

• Principals are US persons

• The office is based in Singapore or another prohibited jurisdiction under the Terms

• Team cannot operate self-custody safely

• They need information rights from the issuer

Jurisdiction check before any sleeve

Before an onchain sleeve is opened, confirm the office and its principals are not in a prohibited jurisdiction under the Terms. Singapore and the US are both prohibited, so Singapore-based offices cannot use the desk. Work through the OpenStocks compliance checklist and our guide to non-US pre-IPO access.

FAQ

Can a family office "own Anduril" via OpenStocks tokens?
No. Tokens are economic exposure only, not Anduril equity.

Should FOs use Prime or the trade desk?
Prime targets qualified purchasers seeking preferred-holding funds; the desk is for onchain exposure trading. Many use both with clear labeling.

Are US or Singapore family offices eligible?
No. OpenStocks is not available to US persons or persons in the United States, and Singapore is a prohibited jurisdiction under the Terms. Eligibility depends on your jurisdiction.

Disclaimer

OpenStocks tokens represent economic exposure only. They do not confer ownership, voting rights, dividends, or information rights. OpenStocks is not affiliated with Anthropic, Figure AI, Anduril, Neuralink, or related entities. Not available to US persons or persons in the United States, or in Singapore and other prohibited jurisdictions. Eligibility depends on your jurisdiction; see the Terms. This is not investment advice. High risk, including possible total loss. Liquidity is not guaranteed.