Binance Wallet and PancakeSwap have launched Pre-Access campaigns allowing users to purchase tokens representing exposure to private companies before their IPO. Allocations depend on Alpha Points, bStocks on-chain tier, and Trencher Badge ownership. The number of tokenized stockholders reached 3.7 million on September 19, a record, after rising 86% over 30 days, with distributed value exceeding $3 billion according to RWA.xyz. The main caveat is that these tokens grant no voting rights, dividends, or shareholder rights, and Binance warns of high risk with returns, liquidity, and settlement not guaranteed. The identity of the first company involved will be revealed soon.
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