‘MSX partners with U.S. compliant platform Republic to officially launch the Pre-IPO Tokenization Zone!’ Traditional IPO vs. Pre-IPO? Traditional IPO: · Shares of unlisted giants (like SpaceX, ByteDance). · Only sold to VCs, institutions, or ultra-high-net-worth individuals. · Regular retail investors have almost no access, with subscription thresholds often starting at millions of dollars. Pre-IPO (MSX × Republic version): · Underlying assets are carried by a compliant SPV, forming a traceable chain of ‘Equity → SPV → Rights Mapping.’ · Equity rights are mapped on-chain, lowering the participation threshold—starting from just 10U, you can invest in unlisted giants. · When the company’s value grows or events like IPOs or mergers occur, the corresponding rights will be realized according to the mechanism. Of course, the implementation of this model heavily relies on compliant infrastructure. It must operate under regulatory frameworks like the U.S. SEC and collaborate with licensed custodians (such as BitGo Trust Company) to ensure asset security and legal validity. The first batch includes SpaceX, ByteDance, Lambda, and Cerebras. Zhaozhao had 3300U left in their wallet, and they put it all into SpaceX, because they believe in Musk!