There are already many platforms selling Pre IPO tokens such as SpaceX. In fact, as long as it is a token, the form of expression is similar. Moreover, I believe that the depth and liquidity of several major exchanges will not differ too much in terms of price performance. Therefore, the key should be to look at the holding form of the institutions behind it. I have already done several rounds of popularization on SPV and SPV mirroring. As mentioned earlier, if there is not much difference in price tracking, but from a compliance perspective, the more compliant the holding method is, the more guaranteed it is for partners. Even some institutions can deliver under certain conditions. @The @ DigiFTTech that Paimon_finance is collaborating with is a regulated exchange in Singapore and holds dual licenses from the Monetary Authority of Singapore (MAS) and the Securities and Futures Commission (SFC) in Hong Kong. Therefore, in terms of compliance, Paimon+DigiFT can at least ensure that the underlying assets are genuine and effective. And Paimon is indeed one of the very few people I have seen doing SPV instead of SPV mirroring so far. Of course, the tokens issued by Paimon do not have voting rights, dividend rights, or direct holding rights, and are still only price exposure.