Performances
RD Popularity Index
RD Growth Index
Revenue & Burn
Protocol income
$0Buyback funds
--Burn funds
--Buyback ratio
--Protocol funds over time
Monthly amounts & ratios
| Period | Protocol income | Buyback funds | Burn funds | Buyback ratio |
|---|---|---|---|---|
| Oct 2026 | $0 | -- | -- | -- |
| Sep 2026 | $0 | -- | -- | -- |
| Aug 2026 | $0 | -- | -- | -- |
| Jul 2026 | $0 | -- | -- | -- |
| Jun 2026 | $0.01 | -- | -- | -- |
| May 2026 | $90.53K | -- | -- | -- |
Comparison
Follow Updates
Follow Lists
People
About PreStocks
PreStocks is a tokenized trading platform built on Solana that offers exposure to pre-IPO companies such as OpenAI, Anthropic, SpaceX, and others. Its core business is issuing tokens that track the valuation of private companies, allowing retail users to participate in the pre-IPO market without traditional accreditation requirements.
The platform addresses key market pain points: pre-IPO investments have historically been restricted to institutional investors or high-net-worth individuals, with limited liquidity and high entry barriers. PreStocks lowers these barriers by enabling fractional, on-chain trading 24/7, with low fees and transparent settlement. However, the tokens do not confer legal ownership or governance rights; they are price-exposure instruments backed by SPV structures.
Over the past six months (March to September 2026), PreStocks has seen significant growth. Total trading volume reached $544.78 million by March 2026, with monthly volume in March alone hitting $302.87 million. The platform integrated with Jupiter in early 2026, adding limit order support. Solana's broader RWA ecosystem also doubled to nearly $2 billion during this period. Despite this, the market remains speculative: early volatility was high, with first-day trading dropping over 90% within a week before stabilizing. Individual trades have shown large gains, such as one trader turning $524k into $1.8M on Anthropic tokens. It is important to note that the legal status of these tokens is ambiguous, and liquidity can be thin, leading to slippage risks.
PreStocks launched on Solana in September 2025, introducing tokenized pre-IPO equities backed by SPV exposure, marking the first onchain market for private company shares. Within eight months, market cap grew from $2.2M to a peak of $27.3M (over 10x), with cumulative trading volume surpassing $1.04B by May 2026. The platform's holder base expanded from 5,600 to nearly 17,000 wallets, demonstrating sustained retail participation. ANTHROPIC emerged as the dominant asset, accounting for 46% of total market cap, while SPACEX led in holder count with ~6,600 wallets. A notable price discovery event occurred in March 2026 when Kalshi's $1B funding round was reflected onchain within days, while offchain mark prices lagged by four weeks—highlighting the efficiency of continuous DEX-based pricing. By May 2026, onchain prices showed deviations from Hiive mark prices ranging from -14.21% to +52.61%, underscoring structural differences between real-time DEX discovery and periodic offchain updates. Despite being two orders of magnitude below tokenized gold and three below tokenized Treasuries, PreStocks' trajectory—10x market cap growth, near-100% 2026 trading volume concentration, and expanding multi-token holder cohorts—signals an actively expanding category rather than a mature market.
Over the past six months (2026-03-01 to 2026-09-01), PreStocks has solidified its leadership in Solana-based pre-IPO token trading. According to Allium Labs data, since its September 2025 launch, PreStocks captured 78% of all trading volume in pre-IPO OpenAI and Anthropic tokens, processing $414.7 million of the combined $532.1 million across three venues. This dominance followed rival Ventuals' shutdown on June 15, 2026. In the last 30 days, PreStocks generated $2.4 million in fresh trading activity, with total ecosystem volume reaching $15.2 million (excluding the one-time Ventuals unwind). The platform's market cap peaked at $28.14 million in May 2026, growing 10x from $2.2 million at launch, with holder numbers reaching nearly 17,000 wallets. DEX liquidity peaked at $7.66 million on May 3, 2026, with cumulative trading volume surpassing $1.04 billion. Notably, PreStocks tokens demonstrated price discovery efficiency, with onchain prices showing an average premium of 8.71% over mark prices for ANTHROPIC, and KALSHI exhibiting a 25.37% premium with no negative days. For future development, PreStocks announced a Jupiter integration enabling limit orders, allowing traders to define entry and exit conditions. The platform continues to rely on SPV structures to track pre-IPO share value, with plans to expand its tokenized offering pipeline across more private companies, while maintaining 24/7 trading on Solana.
Xavier Ekkel (Founder)
LinkedIn: https://www.linkedin.com/in/xavierekkel/ Twitter: https://x.com/XavierEkkel
Xavier Ekkel is the founder of PreStocks, a Solana-based tokenized trading platform for pre-IPO equities. He previously worked as a software engineer at Canva, where he gained firsthand experience with equity compensation and the limitations of retail access to private markets. He founded PreStocks to democratize pre-IPO investing by tokenizing private company shares via SPVs, enabling fractional, 24/7 trading on Solana. The platform raised a $2.1M seed round led by Republic Capital, with total funding of $3.2M. No other co-founders or core executives are publicly confirmed.