Bullbit
Cryptocurrency
Tokenized platform xStocks brings new private shares fund on-chain
- What: Tokenized platform xStocks has launched a new private shares fund on its blockchain-based platform.
- Why: The fund, called the 'Private Shares Fund', aims to provide retail investors with access to stakes in private companies like Anthropic, Databricks, and SpaceX.
- Signal: The launch of this fund is seen as a significant development in the growth of decentralized finance (DeFi) and tokenization of private assets.
- Target: The fund is expected to target a minimum investment size of $**100,000**, with a potential return of **20%** annualized.
- Risk: Investors should be aware that investing in private companies carries higher risks, including liquidity risks and potential losses.