Bitget has launched IPO Prime, a new product that provides eligible users access to tokenized Pre-IPO offerings through a subscription model.
- The program’s first asset is preSPAX, a digital instrument tied to SpaceX’s economic performance.
Bitget is moving toward tokenized private market access with a product aimed at bringing pre-IPO exposure closer to retail users, as well as institutions and private high-net-worth individuals.
The exchange announced Friday that a new service called IPO Prime will begin with preSPAX, a digital asset tied to SpaceX’s economic performance. The private rocket company is currently valued at $1.54 trillion on the Nasdaq Private Market, a secondary trading venue, according to the report.
Bitget and Republic push pre-IPO access to tokenized format
IPO Prime is powered by Republic and is built around a subscription model. Eligible users apply for quotas of tokenized services, subject to quota limits determined by user tiers.
Higher VIP levels give you access to larger thresholds and give the product a familiar exchange-style structure, even though the underlying theme is private market investing.
Once the subscription phase ends, your digital assets will move to Bitget’s over-the-counter market where they can continue to be traded. That’s an important detail. The selling point here isn’t just early access, it’s also liquidity. Traditional pre-IPO exposure is typically defined by waiting. Biguette is trying to close that distance.
The first use case associated with SpaceX provides immediate product visibility. SpaceX is one of the most high-profile private companies in the world, and demand for indirect exposure has been strong for years.
The bigger bet is how private market investments will be diversified.
Bitget CEO Gracy Chen said the product aims to shift access to pre-IPO opportunities beyond institutional investors. That’s the central argument behind IPO Prime. By allowing users to participate early in a company’s growth cycle, we provide ongoing trading flexibility rather than locking users into static private market positions.
There is a broader industry perspective here as well. Cryptocurrency exchanges have spent years proving that they can offer more than just token speculation. Such products suggest that the next stage may involve using crypto infrastructure to repackage traditional private market access into a more liquid app-based format.
