TL;DR:
- Bitget added OpenAI as the second product on its IPO Prime platform, accessible from as little as $100 through tokens issued on Solana by Republic.
- The platform completed its registrations with Mexico’s SAT and UIF, becoming one of the first exchanges to do so in the country.
- preSPAX, the first asset listed on IPO Prime linked to SpaceX, has over 13,000 subscribers and commitments totaling $171 million.
Bitget expanded its IPO Prime platform with the addition of preOPAI, a token issued on Solana by the firm Republic, designed to replicate the economic performance of OpenAI ahead of its eventual public listing.
The entry threshold starts at $100, a figure significantly lower than what traditional pre-IPO participation channels typically require. The commitment window opened on May 12 and closed on the 15th of the same month, with allocation distributions and the opening of spot trading completed that same day.
Accessing the Pre-IPO Market From the Chain
The addition of OpenAI follows that of SpaceX, whose token preSPAX surpassed 13,000 subscribers with capital commitments that, at the time of writing, have reached $171 million. Unlike the conventional pre-IPO model, which involves extended lock-up periods and restricted liquidity, preOPAI allows positions to be actively traded from the moment of distribution.
Approximately six months after the IPO, holders will be able to redeem their tokens for equity-linked assets or USDT at market price, introducing a defined settlement mechanism and a clear timeframe. The launch aims to attract new investors and democratize access to the artificial intelligence industry, valued at around $4 trillion, which has historically been reserved for institutional investors and private networks.
Bitget Formally Lands in Mexico
On another front, Bitget completed its registration with the Tax Administration Service (SAT) and the Financial Intelligence Unit (UIF) of Mexico, placing itself among the first international platforms to complete that process in the country.
The approvals respond to the current regulatory framework for virtual assets, reinforced following recent reforms that expanded anti-money laundering obligations across the sector. Gracy Chen, CEO of the company, stressed that the strategy involves understanding local rules and building relationships with banks and financial institutions as a prerequisite for scaling across different markets. Mexico is shaping up as the central axis of Bitget’s expansion strategy in Central and Latin America, given the size of its domestic market and its regional influence.
