Frequently Asked Questions
Learn how Ondo PreStocks work, how to trade tokenized pre-IPO exposure with leverage, and what risks to consider before investing.
Trading & Product Basics
Core questions about PreStocks, supported markets, and how onchain pre-IPO trading works.
What are Ondo PreStocks?+
Ondo PreStocks are onchain tokens that provide economic exposure to leading private companies before they go public. Each product tracks the implied valuation of a pre-IPO company and can be traded 24/7 across supported networks.
Can I trade pre-IPO companies with leverage?+
Yes. PreStocks are designed for active trading, including leveraged long and short strategies on supported venues. Availability of leverage depends on the platform and market you use to trade.
Which companies can I trade?+
You can trade tokenized exposure to companies such as Anthropic, OpenAI, Anduril, Neuralink, xAI, Polymarket, and Kalshi. New pre-IPO products may be added over time as private market opportunities expand.
How do PreStocks work?+
Each token represents economic exposure backed through an SPV structure tied to the underlying private company. Token prices reflect market pricing, implied valuation, and liquidity conditions rather than direct shareholder ownership.
What networks are supported?+
PreStocks can be traded across Solana, Ethereum, BNB Chain, and XRPL. Network availability may vary by product and integration partner.
Do PreStocks give me shareholder rights?+
No. PreStocks provide economic exposure only. They do not grant ownership, voting rights, dividends, board access, or direct shareholder information rights in the underlying company.
How do I start trading?+
Connect your wallet, choose a PreStock product, and use Explore or Start Trading to access supported trading venues. You can review live token price, market cap, liquidity, and other metrics before placing a trade.
Can I go long and short?+
Yes. PreStocks support both directional views. Traders can express bullish or bearish exposure depending on market structure, liquidity, and the venue used to execute the trade.
What is the difference between token price and mark price?+
Token price is the current trading price of the PreStock. Mark price is a reference valuation used to compare market pricing against an implied fair value estimate. The discount or premium between them helps traders assess relative value.
Are PreStocks available 24/7?+
Yes. Because PreStocks trade onchain, markets can remain active outside traditional private market hours, enabling continuous price discovery and trading.
What are the main risks?+
PreStocks are speculative products. Prices can be volatile, liquidity may be limited, leverage can amplify losses, and private company valuations can change quickly. You may lose some or all of your capital.
Can I redeem tokens for cash?+
Redemption mechanics, if available, depend on product structure and operational processes. Any redemption would be subject to commercially reasonable efforts to realize liquid value from backing reserves.