The closed-end Fundrise Innovation Fund holds stakes in private tech companies, including Anthropic, Databricks, and SpaceX, and opened its capital earlier this month.
The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC The tokenized stock platform xStocks has partnered with the alternative investment platform Fundrise to bring to the blockchain the newly opened Fundrise Innovation Fund, increasing exposure to private companies in advanced stages of growth.
According to an announcement made on Friday, the unique tokenized asset VCXx is expected to go live on the xStocks platform in the coming days.
The decision to bring Fundrise to the blockchain comes just days after the closed-end fund began trading on the New York Stock Exchange, with its portfolio including private equity in tech companies such as Anthropic, Databricks, and SpaceX. In the early days of trading, shares skyrocketed from their debut price of $31 on March 19 to a peak of $575 per share.
However, a critical report from the short-selling firm Citron Research, released on Thursday, stated that Fundrise Advisors LLC may face SEC charges in 2023 for paid solicitation activities. Citron urged regulators to investigate whether the company is currently compensating influencers to promote VCX. Shares closed the week at $173, a drop of nearly 34% on Friday, before losing another 5.9% in after-hours trading.
Ben Miller, co-founder and CEO of the Fundrise Innovation Fund, told CNBC on Friday that critics were promoting an unfounded defamatory campaign and defended the fund's strategy and its effort to expand access to private tech companies.
Source: CNBC
Tokenized stocks surpass $1 billion in total on-chain value
Tokenized stocks surpassed $1 billion in total on-chain value earlier this month, as investor interest grows in the rapidly expanding world of real-world assets (RWA).
Data from RWA.xyz shows that the value of tokenized stocks has surpassed the mark of $1 billion, as platforms offering exposure to traditional stocks based on blockchain attract more investors and liquidity.
Undoubtedly, much of this activity is concentrated among a small number of operators. Data from RWA.xyz shows that Ondo holds about 58% of the market, while tokenized stock products issued by the xStocks platform represent approximately 24%, forming an initial duopoly in the sector.
In a report from March 10, Foresight Ventures stated that the market is consolidating around these pioneering leaders, citing regulatory barriers, liquidity advantages, and different tokenization models as key factors shaping competition in the sector.
Tokenized stocks have surpassed the mark of $1 billion. Source: RWA.xyz
