TL;DR:
- OKX enabled derivative contracts on OpenAI and Anthropic with leverage up to 10x for eligible European users on September 10, 2026.
- The platform incorporated 100 tokenized stock and exchange-traded fund markets operating continuously, including assets linked to SpaceX, Google, Nvidia, and the SPY and QQQ ETFs.
- Investment services are structured through OKX Europe Markets Ltd., an entity regulated by the Malta Financial Services Authority under the Investment Services Act.
This Thursday, OKX enabled pre-IPO perpetual instruments linked to OpenAI and Anthropic in Europe, accompanied by 100 tokenized stock markets. With this tool, it is possible to trade on the implied valuation of private companies before their official stock market debut.
Real-world markets just went live in Europe.
We’re launching pre-IPO access to companies like OpenAI and Anthropic, alongside tokenized stocks available 24/7 from one account.
Trade it all on the New Money App.
— OKX (@okx) September 10, 2026
The contracts support long and short positions with leverage up to 10x. The OKX team reported that these derivatives do not grant actual shares nor confer direct economic rights against the referenced companies.
The quotes assigned on the platform respond to the internal dynamics of the exchange’s order book. According to the company’s legal disclaimer, these values may diverge from private funding rounds or the final price set in an initial public offering, an event that could be delayed or not executed.
The firm seeks to capitalize on institutional interest in unlisted tech assets. Erald Ghoos, CEO of OKX Europe, stated that the volume traded in the X-Perps line within the region quadrupled since the transition period for the MiCA regulation ended in July 2026.
The offering also includes 100 tokenized stock and exchange-traded fund markets available 24 hours a day. Among the listed assets are instruments representing SpaceX, Alphabet, Nvidia, and Palantir, as well as replicas of the SPY and QQQ indices.
Users can execute limit, market, stop, TWAP, and Iceberg orders within a unified account. Platform data confirms that these synthetic assets can be used as collateral to open derivative positions and are eligible for withdrawal to external self-custody wallets.
Custody, corporate rights, and regulatory divergences
Tokenized instruments do not grant voting rights or representation at shareholder meetings of the listed corporations. Official documentation emphasizes that the naming of the assets responds to a price-tracking mechanism and does not imply business associations or sponsorships with issuers like Google or Nvidia.
This legal differentiation has generated previous controversies in the digital financial industry. In September, the movie theater chain AMC Entertainment publicly rejected a similar product issued by Robinhood, pointing out the absence of direct corporate authorizations.
A analogous episode occurred in July 2025, when OpenAI formally communicated that it did not endorse the issuance of tokens linked to its private equity distributed by third parties. Industry analysts point out that exposure through debt or derivatives shifts operational and insolvency risk to the entity issuing the financial product and not to the underlying company.
In U.S. territory, investors remain excluded from this catalog due to current restrictions from the Securities and Exchange Commission (SEC). The regulatory body maintains the view that incorporating securities onto a blockchain does not exempt operators from strict compliance with federal securities laws.
The North American regulated market maintains supervised models with parity of rights in an experimental phase. In March 2026, Nasdaq obtained authorization from the SEC to execute a pilot program allowing simultaneous trading of Russell 1000 index shares in both traditional and tokenized formats, guaranteeing identical corporate rights to holders.
OKX’s European deployment will continue under the supervision of the Malta Financial Services Authority, the body with which the entity maintains its operating investment services license, awaiting technical liquidity reviews scheduled for the close of the third quarter of 2026.
