Bankless · Thursday, July 2, 2026
Ian DeBode of Ondo Finance detailed the process behind their rapid tokenization of SpaceX stock post-IPO. He highlighted that unlike some competitors who relied on pre-IPO allocations (which can lead to disappointment), Ondo focuses on tokenizing immediately after an asset begins trading on traditional exchanges. This allows offshore investors access through wrapped tokens via DeFi integrations.
“So with that in mind, we did not actually try that in the first place. But down the line, there are ways to do pre-IPO stocks. I mean, there's a lot of excitement around OpenAI, Anthropic, a couple of others. We are definitely considering offering pre-IPO stocks as well. But right now, our main focus is always the moment the IPO happens, the moment something is tradable on the NASDAQ or the New York Stock Exchange, That is when we can tokenize something very quickly with our model, with the wrapper form. So available to offshore investors outside the US so that the moment something trades on one of the national exchanges in US, people can buy it in wrapped form via our platform and via our DeFi integrations.”