Bitget has announced a new offering for investors looking to gain exposure to OpenAI, with the launch of preOPAI, a Solana-based token designed for pre-IPO access to the artificial intelligence company. This token aims to facilitate participation in OpenAI’s market performance for a fraction of the cost. The entry price for eligible users starts at $100, while the subscription price for each preOPAI token is set at $725. The total offering consists of 29,082 tokens, amounting to a total valuation of approximately $21.08 million.
The subscription period for this token is scheduled to run from 8:00 AM UTC on May 12 until 8:00 AM UTC on May 15. Investors will have the option to participate in this offering using USDT or USDGO. Trading is anticipated to commence on May 15, after the token allocation has been completed. The distribution of tokens will occur in three stages: 30% will be available on May 15, another 30% on June 15, and the remaining 40% on July 15.
Despite the innovative nature of preOPAI, it is crucial for potential investors to understand that the token does not confer any direct ownership of OpenAI shares. According to Bitget’s terms, there is no legal relationship established between preOPAI and OpenAI, and the product has not received any endorsement, approval, or authorization from the AI firm. Although Bitget claims that preOPAI is designed to attempt to mirror OpenAI’s economic performance post-IPO, these assertions should be approached with caution, especially given the absence of a direct equity connection.
In the context of rising trends, the launch of preOPAI follows Binance Research’s recent report titled “Finance Without Frontiers,” which identifies tokenized pre-IPO products as a significant structural trend. The report indicates that these financial instruments provide retail investors with new access points in the growth trajectories of private companies. Reference data from the secondary market indicates that firms like SpaceX, Anthropic, and OpenAI have seen significant increases in value, averaging an 88% appreciation in 2026, thus highlighting the potential rewards and interest in such tokenized offerings.
Bitget’s announcement also includes plans to offer a similar product for SpaceX under the ticker preSPAX. The current performance of Bitget’s native token, BGB, is another point of interest, as it was trading around $2, experiencing a slight increase of over 1% in the past 24 hours. Sentiment regarding BGB on platforms like Stocktwits has remained neutral, but the volume of discourse reflects heightened engagement.
This move is not entirely new in the cryptocurrency landscape; there have been previous attempts to introduce tokenized shares of private companies, including OpenAI, by figures such as Robinhood co-founder Vlad Tenev. However, OpenAI has publicly distanced itself from such initiatives, affirming a lack of affiliation with these products.
As the market for tokenized pre-IPO investments grows, it presents new opportunities, although it carries inherent risks due to the complexities of equity representation and ownership verification. Investors looking to participate should proceed with caution and conduct thorough research before diving into such offerings.
