We are excited to announce that xStocks has partnered with Fundrise, the largest direct-to-consumer alternative investment platform in the United States, to tokenize their new Fundrise Innovation Fund (NYSE: VCX).
This partnership provides on-chain access to a diverse portfolio of high-growth private technology companies, including SpaceX, OpenAI, Anthropic and Databricks, through a single tokenized asset, the VCXx asset.
The VCX fund, which made its public debut last week and has already seen strong initial demand, represents one of the most exciting new avenues to access late-stage private markets. By introducing VCX on-chain, xStocks expands tokenized stocks beyond public markets and into private company exposure, one of the most sought-after and historically inaccessible segments of the market.
“VCX is more than a public listing. By tokenizing this public venture fund, we are opening access for eligible investors around the world to gain exposure to not only a public vehicle, but also a portfolio with private exposure to some of the world’s largest companies,” said Arjun Sethi, Co-CEO of Payward.
xStocks has quickly become the largest provider of tokenized stocks, with over $25 billion in combined trading volume and over 100,000 unique holders worldwide. The platform currently supports over 100 tokenized stocks and ETFs and is designed to be multi-chain and interoperable by design, allowing assets to move seamlessly between wallets, protocols and trading platforms.
The addition of the VCX fund introduces a new category within the xStocks ecosystem, expanding beyond public stocks to include tokenized access to on-chain private market wallets.
“We built VCX to serve as a bridge between the public and private markets,” said Ben Miller, CEO of Fundrise. “We believe all individual investors should be able to own a piece of the world’s best private technology companies. We have long admired Kraken’s approach to removing barriers to best-in-class investments and are excited to see them continue to build out their innovative xStocks platform.”
Traditionally, access to private, early-stage companies has been limited to institutional investors and high-net-worth individuals, often requiring significant capital commitments and lengthy lock-up periods. By tokenizing VCX, xStocks introduces a new investment model, where diversified private market exposure can be accessed, transferred, and integrated into on-chain financial applications with the same flexibility as any other digital asset.
The launch comes in a context of accelerating institutional dynamics around symbolic actions. Payward recently announced a partnership with Nasdaq to explore next-generation infrastructure connecting traditional equity markets to on-chain systems, further bridging the gap between regulated financial markets and decentralized finance.
As a tokenized asset, VCX will integrate seamlessly into the xStocks ecosystem, opening up use cases beyond simple exposure, including collateralization, lending, and integration into automated on-chain strategies.
The VCX tokenized fund is expected to go live on xStocks, listed as VCXx, in the coming days.
xStocks are issued by Backed Assets (JE) Limited (a Jersey limited company) and offered to eligible Kraken customers via Payward Digital Solutions Ltd. (“PDSL”), a company authorized to carry out digital asset business by the Bermuda Monetary Authority. xStocks are not and will not be registered with any local securities regulator. PDSL (Kraken) does not provide investment advice and/or recommendations, and no communication, whether through any Kraken app or website or otherwise, should be construed as such. Individual investors should make their own decisions or seek independent professional advice if they are unsure about the suitability of an investment for their circumstances or needs, including potential tax treatment. Investing in xStocks involves an element of risk. The value of an investment can go up as well as down, and past performance is not a reliable indicator of future results. Not available in the United States or to U.S. persons. Geographic restrictions apply. Read Kraken’s xStocks Risk Disclosure at kraken.com/legal/xstocks as well as the Base Prospectus and the associated Final Terms for xStocks on to find out more.
