Bitget, described as the world's largest Universal Exchange (UEX), has added OpenAI (preOPAI) as the second listing on its IPO Prime platform. The move extends pre-IPO access to one of the most closely watched companies in artificial intelligence, according to a company announcement.
The token is issued on Solana by regulated partner Republic. It is designed to track the economic performance of OpenAI, giving retail investors early exposure before the company's potential public listing.
This development taps into what Bitget describes as a $4 trillion AI opportunity. The exact structure of the token's tracking mechanism was not detailed in the source.
The listing follows Bitget's strategy of bridging traditional finance and crypto through its IPO Prime platform. It could signal growing convergence between AI enterprises and blockchain-based investment vehicles.
Some may question the regulatory clarity and actual economic alignment of such pre-IPO tokens with the underlying company's performance, particularly given the nascent nature of these instruments.