Can I buy OpenAI, Anthropic, Stripe or other private companies as tokens before their IPO?
40 pre-IPO tokens on 27 private companies in our data, from 4 issuers (Jarsy, Inc., PreStocks, Tessera, Republic). Offered by more than one issuer: OpenAI (5), Anthropic (3), Kalshi (3), SpaceX (3), Anduril (2), Polymarket (2), Stripe (2). All are claims on an SPV, a note or a bond — not shares in the company — and most require KYC.
Shares of private companies cannot simply be tokenized: the company has to agree to every transfer. What exists instead are tokens on a special-purpose vehicle (SPV) that holds shares bought on the secondary market, notes whose payout tracks a valuation, and bonds that invest in such positions. None gives you a share in the company itself, and the company is not involved. Pricing is thin, exits depend on the issuer, and an IPO or a sale is the only real liquidity event.
Figures from our live dataset · data as of 2026-10-18 · not investment advice
| Token | Issuer | Yield / return | Minimum | KYC to buy | Chain |
|---|---|---|---|---|---|
| JAGIL Agility Robotics (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JANDL Anduril (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| ANDURIL Anduril PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JANTH Anthropic (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| DE000A4AU208 Anthropic Bond | Anthropic Bond | Coupon not stated on chain | — | Not stated | Polygon |
| ANTHROPIC Anthropic PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JAPTK Apptronik (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JCHAOS Chaos Industries (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JCRSO Crusoe (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JDATA Databricks (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JDISC Discord (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JFIGR Figure AI (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JHVAI Harvey (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JKALS Kalshi (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| TKALSHI Kalshi (Tessera Pre-IPO) | Tessera | Price return | — | Not stated | Solana |
| KALSHI Kalshi PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JKRAK Kraken (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JMERC Mercury (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JNOTE Notion (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JOPAI OpenAI (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| OPAIPON OpenAI (Ondo Private Market Note) | — | Price return | — | Not stated | Ethereum |
| PREOPAI OpenAI (Republic Pre-IPO) | Republic | Price return | — | Not stated | Solana |
| TOPENAI OpenAI (Tessera Pre-IPO) | Tessera | Price return | — | Not stated | Solana |
| OPENAI OpenAI PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JPEPX Perplexity (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JPOLY Polymarket (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| POLYMARKET Polymarket PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JPSIQ PsiQuantum (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JREDW Redwood Materials (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JRFLX Reflection AI (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JREPL Replit (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JRIPL Ripple (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| JSHLD Shield AI (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| PRESPCX SpaceX (Republic Pre-IPO) | Republic | Price return | — | Not stated | Solana |
| TSPACEX SpaceX (Tessera Pre-IPO) | Tessera | Price return | — | Not stated | Solana |
| SPACEX SpaceX PreStocks | PreStocks | Price return | — | Not stated | Solana |
| JSTRP Stripe (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| DE000A4AVXX0 Stripe Bond | Stripe Bond | Coupon not stated on chain | — | Not stated | Polygon |
| JVRCL Vercel (Jarsy pre-IPO token) | Jarsy, Inc. / Jarsy | Price return | — | Not stated | Base |
| XAI xAI PreStocks | PreStocks | Price return | — | Not stated | Solana |
More questions
Is buying an OpenAI or Anthropic token the same as buying their shares?
No. The company does not issue these tokens and you do not become a shareholder. You hold a claim on the issuer’s vehicle, whose value depends on the price it paid for its position, its fees and whether it can sell. Read the issuer’s offering terms before buying.
What happens to a pre-IPO token when the company goes public?
It depends on the issuer’s terms: the vehicle may sell the shares and pay out, convert holders into a listed-stock token, or hold until a lock-up ends. Some terms let the issuer decide.
Which of them can I buy without KYC?
None of them is stated as buyable without KYC.