Bybit Launches Unitree Pre-IPO Perpetual Contracts

According to Deep Tide TechFlow, on August 16, Cointelegraph reported that Dubai-based cryptocurrency exchange Bybit has introduced Pre-IPO perpetual contracts linked to Chinese robotics company Unitree and AI startup Moonshot AI, expanding its footprint in the private market trading sector. These contracts, denominated and settled in USDT, allow traders to gain price exposure without holding the underlying shares. Bybit stated that its TradFi perpetual product line has grown to over 200 offerings since its launch in April, covering stocks, ETFs, commodities, indices, and Pre-IPO companies. Unitree received approval from the China Securities Regulatory Commission in July and plans to go public on the Shanghai STAR Market. The perpetual contracts provide traders with exposure before the stock becomes publicly traded. As cryptocurrency exchanges accelerate their entry into private market product offerings, data from RWA.xyz shows that the value of tokenized stock distributions has reached $2.38 billion, with 1.31 million holders, reflecting a 123.62% growth over the past 30 days.