PIPO | Pre-IPO Equity Rights Platform

Get structured exposure to private companies through digital notes. Trade on a secondary market, then redeem into shares at IPO or M&A when eligible.Get structured exposure to private companies through digital notes. Trade on a secondary market, then redeem into shares at IPO or M&A.

Exit strategy, built in from day one

We reduce investment risk by engineering liquidity upfront — not hoping for it later.We engineer liquidity upfront to cut risk.

Real-world examples of structured exitsReal-world examples of structured exits

Early investors in outfits like Uber, Airbnb, and Palantir didn't chase hype. They bet on a straightforward path to IPO and sharp market timingEarly investors in Uber, Airbnb, and Palantir backed a clear IPO path and timing.

Average Time to IPO

1 Year

Average IPO timeline once a company is on the exit track.Average IPO timeline once on the exit track

$5T

Tokenized assets market size projection by 2030 by CitiTokenized assets market size projection by 2030 by Citi

Number of IPOs per YearNumber of IPOs per Year

1300+ IPOs

Global IPO market remains active and provides frequent liquidity outcomesGlobal IPO market remains active and provides frequent liquidity outcomes

How pricing can move before IPO

Before a public listing, pricing can evolve based on defined milestones and market activity.We engineer liquidity upfront to reduce risk.

$1.0 USD

$2.0 USD

$3.0 USD

$4.0 USD

Start

Phase 1

Phase 2

Phase 3

Floor

You're here

Initial pricing

Initial price reflects early-stage uncertainty before key legal, operational, and market milestones are reached.Initial pricing reflects early- stage uncertainty before key milestones are hit.

Baseline valuation

Market reference points

Valuation benchmarks established. Market activity creates reference points for price discovery.Market activity creates reference points for pricing.

Strong market signals

Public market anchor

Liquidity and market presence position the asset as a recognized anchor for public listing.Liquidity positions the asset as an anchor for public listing.

Liquid asset

Minimum price for listing on NASDAQMinimum price for listing on NASDAQ

Project activityProject activity

Company achieves documented business milestones: revenue targets, user growth, partnerships, or funding rounds.Company hits milestones: revenue, growth, partnerships, funding.

Milestone progress

Independent verification confirms milestone completion. Updated valuation metrics published to all stakeholders.Verification confirms milestones. Valuation shared.

Price step-upPrice step-up

Token price adjusts according to pre defined formula. Secondary market reflects new valuation through order book activity.Price updates by formula. Markets reflect it in the order book.

How it works

Registration

Create account with email verification. Accept terms and conditions.

Trading

OTC desk or order book. Place and manage orders.

Redemption

Choose exit path when eligible. Complete redemption process.

Exit options

Redeem into real shares at liquidity events (IPO or M&A), or sell tokens on the secondary market when liquidity is available.Redeem into shares at IPO/M&A, or sell on secondary when liquidity is available.

Sell on secondary market

Once available, sell tokens to another eligible buyer for USDC or cash.

Pricing set by demand

Subject to buyer availability

USDC / cash settlement

Redeem into real shares

Receive actual company shares delivered to your brokerage account when eligible.Get shares delivered to your brokerage when eligible.

Direct equity ownership

Broker account required

Standard settlement timeline

Redemption into shares depends on the liquidity event terms, jurisdiction, and individual investor status. Secondary sale availability depends on market liquidity and buyer demand. Detailed terms provided in the Light Paper.Share redemption depends on event terms. Secondary sales depend on market liquidity. See Light Paper.

Trust and structure

A clear legal framework, auditable operations, institutional-grade security.

Issuer 1

Project A

Cayman Islands

Issuer 1 is the legal issuer of secured digital notes for Project A. Holds assets in custody and provides legal backing for all tokens issued.Issuer 1 issues secured notes for Project A, holds assets in custody, and provides legal backing for all tokens.

Segregated asset custody for Project A

Regulated entity with proper licensing

Annual third-party audit

Platform

PIPO

El Salvador DASP

Issuer 2 manages the platform's infrastructure, secondary market operations, and user interactions for People. Ensures liquidity and compliance with regulatory norms.Issuer 2 runs the platform and secondary market, manages users, and ensures liquidity and compliance.

Order book and trading infrastructure

Digital asset service provider license

Compliance monitoring systems

Security infrastructure

Fireblocks WaaS custody

Enterprise-grade wallet infrasecurity with MPC technology. No single point of failure in key management.MPC wallet infrastructure. No single point of key failure.

Multi-party computation

Hardware security modules

Insurance coverage

Gnosis Safe multisig

All critical operations require multiple signature approvals. Transparent execution with time-locks where appropriate.Critical actions need multisig. Time-locks where needed.

3-of-5 signature threshold

24-hour time-lock on admin actions

Public transaction history

Immutable audit log

Every administrative action recorded on-chain. Complete history available for regulatory review and user transparency.All admin actions are on-chain. Full history for review.

On-chain event logging

Cannot be modified or deleted

Timestamped and verifiable

Light Paper

Verifiable backing and enforced compliance

Proof of ReservesProof of Reserves

Every token mint is backed by custodian -confirmed purchases of underlying assets. Independent verification available.Every mint is backed by custodian-confirmed asset buys. Independent checks available.

Custodian confirmationThird-party custodian confirms asset purchase

Token mintingDigital notes minted on-chain after confirmation

Public verificationHolders can verify reserves independently

Smart-contract compliance

Eligibility constraints, transfer rules, and compliance requirements enforced at the protocol level with full auditability.Rules and compliance enforced on-chain, fully auditable.

Eligibility enforcementKYC and accreditation verified on-chain

Transfer constraintsAutomated compliance checks for every transfer

Immutable audit trailAll actions recorded and publicly auditable

The pre-IPO market, made liquidThe pre-IPO market, made liquid

A clear legal framework, auditable operations, institutional-grade security.

Liquid pre-IPO exposure

Access structured exposure to private companies through digital notes backed by real assets.

Secondary Market Order Book

Trade tokens before IPO with real price discovery through limit and market orders.

Proof of Reserves

Every mint is backed by custodian -confirmed purchase of underlying assets.

Smart-contract complianceSmart-contract compliance

Eligibility and transfer restrictions enforced at the protocol level.

Flexible exit optionsFlexible exit options

Redeem into real shares at liquidity events, or sell on secondary for USDC/cash proceeds.

Institutional infrastructureInstitutional infrastructure

Built on enterprise-grade custody and security standards from day one.

Sergei Goriachev

Co-Founder & COO Ex-Epam Systems (NYSE:EPAM) Built an AI Marketing system that increased revenue by $2M/month and launched a crypto index platform for automated on-chain investing.

Igor Lipovetskyi

Founder & CEO Ex-Deloitte 25+ years in capital markets Wall Street veteran who has guided companies through IPOs on NYSE, Frankfurt and Toronto

Roman Wiligut

CMO Ex-GoMining · Ex-Everscale 10 years in crypto marketing. Grew GoMining's community 5× to 100K, secured listings on HTX, Bybit, Nansen and Messari

Natalia Romenskaya

Advisor Ex-PwC · Ex-Citibank Built the first onshore crypto-to-bank integration in Kazakhstan and a licensed stablecoin clearing live corporate cross-border settlements under central bank oversight.

Alex Styhar

Advisor Mindo AI · 0G Labs (NASDAQ:ZSTK) SF-based founder with 2 prior exits. Mindo AI — performance-based user acquisition for fintechs. 2.6× DPI personal track record in secondaries & OTC.

News and Updates

Stay informed with the latest platform news, market trends, and regulatory changes.

02-20-2026

Platform Update

PIPO has expanded its Proof of Reserves reporting to improve transparency for all users. This update will ensure every token minted is fully backed by custodial assets, offering investors full verification

Read

02-20-2026

Market Trend

As the demand for liquidity in private markets grows, more investors are turning to secondary markets. This article explores the trends driving this shift and the benefits for early investors

FAQ

Pre-IPO means investing in a company before it is listed on a public stock exchange. Historically, this access was mostly available to large funds and venture investors. PIPO opens this stage to retail investors through tokenization.

In many cases, the largest company valuation growth happens before the IPO. Once a company is public, a significant part of that growth may already be priced in.

A security token is a digital token that qualifies as a security under applicable law. It can carry financial rights, such as income distribution rights, equity conversion rights, or other investor entitlements.

If an instrument qualifies as a security, it must be issued and serviced under a securities-compliant legal structure. On PIPO, that wrapper is provided through the SPV and DASP licensing setup.

When you buy a token on PIPO, you receive a right to claim future equity, not direct share ownership. The SPV holds the underlying shares and the token can be converted under predefined terms.

Before conversion, you do not hold direct shareholder rights like voting rights, dividends, or direct legal ownership. You hold a tradable position with conversion rights defined in the deal terms.

An SPV (Special Purpose Vehicle) is a separate legal entity established for a single deal. It serves as the legal issuer of the token and creates a verifiable legal link between tokens and underlying shares.

Each SPV ring-fences deal assets and liabilities, keeps segregated accounting, and improves transparency through structured reporting and audits. Issues in one deal are isolated from other deals.

Eligibility is determined by KYC/AML checks and geo-gating rules. Only users from supported jurisdictions can access deals.

At launch, the platform does not serve residents of the US, UK, or EU pending separate licensing. The final eligibility matrix is published in the user dashboard.

OTC (Over-The-Counter) trading means participants trade directly rather than through centralized automatic matching. On PIPO, users post buy/sell interests, agree on price, and settlement is completed in USDC with platform facilitation.

OTC enables flexible early liquidity while the platform expands licensing coverage for additional market formats.

Before IPO, token price is market-driven by supply and demand among participants. There is no fixed price: value is discovered through trading activity.

Price is influenced by roadmap milestones, partnerships, fundraising rounds, M&A/IPO expectations, and periodic investor reports.

When a conversion event happens, a conversion window opens. During that period, token holders can exercise the conversion mechanics defined by the deal.

Two standard options apply: convert into real shares or take monetary redemption by default, depending on the event terms.

Request access to liquid Pre-IPO markets

Trade with transparency, verify backing, and exit via secondary sale or share redemption at IPO/M&A when eligible.