xStocks and Fundrise Tokenize Private Tech Fund, Bringing SpaceX and Anthropic On-Chain
xStocks partners with Fundrise to tokenize its VCX fund as VCXx, a blockchain-based asset providing exposure to private tech giants like SpaceX and OpenAI. The move follows VCX's volatile NYSE debut, where shares surged from $31 to $575 before settling at $173 amid short-seller pressure.
Tokenized equities surpass $1 billion in on-chain value, signaling growing institutional interest in digital asset infrastructure. xStocks, with $25 billion in processed transactions and 100K+ global holders, positions itself as a leader in democratizing access to traditionally illiquid assets.
The Fundrise Innovation Fund's on-chain listing marks a pivotal shift in venture capital liquidity. By bridging Wall Street and crypto rails, the initiative challenges conventional private market gatekeeping while introducing new volatility vectors.
