How pre-IPO trading works with PreStocks on Jupiter

PreStocks turns pre-IPO companies into tokens you can swap on Solana. Each token gives you price exposure to a private company like SpaceX, OpenAI, or Anthropic traded as easily as any crypto, 24/7.

You trade them through Jupiter, Solana's main DEX aggregator, which routes your swap across liquidity sources for the best available price.

What you're actually holding

A PreStocks token is a price-exposure instrument, not direct equity. Behind the scenes, a special purpose vehicle (SPV) holds the underlying positions, giving the token real backing. The token's price is set to track the company's implied valuation, so it moves as that valuation is re-rated up or down.

• Spot, not leverage. You hold the token outright: no margin, no liquidation.
• 24/7 and no minimum. Trade any amount, any time.
• No account or accreditation. Everything runs from your own wallet.

Which crypto you need

Trades settle in USDC on Solana: you swap USDC for a PreStocks token, and swap back to USDC to exit.

• Funding: hold USDC on Solana in your wallet. If your USDC is on another chain, bridge it to Solana first.
• Gas: keep a small amount of SOL to cover network fees (a few cents per trade).
• The token you receive, such as the SpaceX or OpenAI PreStock, lives in your wallet like any other Solana token.

How to trade (step by step)

1. Set up a Solana wallet: Phantom, Solflare, or any compatible wallet. You hold your own keys; nothing is custodied for you.
2. Fund it with USDC on Solana, and keep a little SOL for fees.
3. Open the company on Jupiter's stocks tab: for example SpaceX or OpenAI.
4. Choose your order type. A market swap fills immediately at the current price; a limit order rests until your target price is reached.
5. Swap USDC for the token. Jupiter finds the best route across DEXs; check the slippage estimate, since pre-IPO markets can be thin and prices can move on small trades.
6. Confirm in your wallet. The token settles into your wallet within seconds.
7. Hold the token for as long as you like: there's no expiry and nothing to manage.
8. Exit any time by swapping the token back to USDC on the same market. Large holders can instead request redemption through the SPV (KYC, processing fees, and minimum size apply); smaller positions are usually better served by selling on the open market.

What to keep in mind

These tokens are not official company shares, and issuers have said as much. Between funding rounds, prices often reflect market sentiment more than verified valuations. Liquidity can be thin, redemption depends on your jurisdiction and KYC status, and US investors are typically restricted. Not investment advice.