Pre-IPO on Binaryx is tokenized equity. It applies the model you already know from tokenized real estate, fractional ownership recorded on-chain, to the equity of late-stage private companies. You hold tokens that represent a stake in a company's shares, from a minimum of $250, before that company lists publicly or is acquired.
Pre-IPO allocations are offered under Regulation S and are available to non-US investors only. See Who can invest in Pre-IPO before you plan an allocation.
Tokenization of equity
Binaryx began by tokenizing real estate: a real-world asset, split into affordable fractions, each represented by a token that records your ownership. Pre-IPO points that same engine at a different real-world asset, the equity of a private company.
The company's shares are acquired and held through a regulated fund structure, and your economic stake in them is tokenized. So you can own a slice of a company that would otherwise be out of reach, and hold it through a documented legal chain. Real estate was tokenized property. Pre-IPO is tokenized equity. Both are the same idea: digital ownership of real assets, opened to everyone who is eligible to participate.
What "pre-IPO" means
Pre-IPO refers to the stage: you invest before a company lists on a public exchange or is acquired. Historically this stage was reserved for venture funds, insiders and institutions writing checks of $5,000 to $50,000 and up. It matters more today than it used to, because companies stay private far longer. The median age of a company at its IPO has grown from about 4 years in 1999 to about 12 today, and much of the value re-rating now happens before the public can buy in.
The trade-off is real. Pre-IPO stakes are high-risk and illiquid by nature. Only about 1 in 10 late-stage private companies ever reach an IPO or a sale, and timelines run in years, not months.
Why Binaryx offers it
Binaryx built its platform to make ownership accessible: more than $8.5M invested in tokenized real estate, 2,500+ investors across 20+ countries, a transparent legal structure, and a track record of returning capital to investors. Tokenized equity is the same model applied to a new asset class.
The access came through Fin Accelerate, the Silicon Valley program run by Jones Day, one of the world's largest law firms. That network is how a platform reaches institutional-grade pre-IPO deals. Binaryx opens the same access to its own investors, from $250, with no accreditation required.
What makes it different on Binaryx
- A low minimum. Allocations start at $250, not the tens of thousands a private deal usually requires.
- A real legal structure. Each deal runs through a Wyoming DAO LLC and a dedicated series of a registered Delaware fund, with the formation documents and deal paperwork published in the data room rather than taken on faith. See How a Pre-IPO deal works.
- No annual management fee. You pay a one-time entry fee of 5%. Beyond that, the manager earns only a 20% share of the profit, and only after 100% of investors' capital has been returned first.
- Shares bought on licensed platforms. Stakes are acquired through regulated secondary marketplaces such as Forge Global and Hiive, and the fund series is recorded on the company's cap table as the shareholder.
Liquidity: what to expect
Be realistic about this. Pre-IPO tokens are security tokens. They are not listed or traded on public exchanges, and the fund does not redeem them early. A transfer to another investor is possible only with the Administrator's consent, and only to a non-US investor who has completed KYC.
The exits that actually return capital to a deal are an IPO, an acquisition of the company, or a secondary sale of the fund's stake. Plan on holding for the full term. How a Pre-IPO deal works covers the term, the extensions and the distribution waterfall in detail.
Who it's for
Tokenized equity suits investors who can hold for years, who understand the risk of a total loss, and who want a small, high-conviction position at the edge of a diversified portfolio. It is not a fit for money you may need soon or cannot afford to lose. Size any allocation so that a total loss would not change your life.
How to start
Pre-IPO allocations open on app.binaryx.com. You will complete an investor questionnaire confirming you are not a US person, sign a subscription agreement, and pass identity verification (KYC) including a W-8BEN form. The full checklist and timing are in Who can invest in Pre-IPO.
This page is general information, not investment, legal or tax advice. Pre-IPO investments are speculative and illiquid, and are suitable only for investors who can afford to lose the full amount invested.
