Singapore’s pre-IPO and pre-token trading platform prePO raises US$2.1M

prePO, a pre-IPO and pre-token trading platform, has raised US$2.1 million in strategic funding, led by Republic Capital and IOSG Ventures.

Other participating investors include MEXC, AscendEX, GCR, Shima Capital, Caballeros Capital, Dexterity Capital, HoneyDAO, NeptuneDAO; founders from Gnosis, 1inch, Moonbeam, Zapper, Gelato, BarnBridge, Zeta, Fleek, Immunefi, deBridge, Thales, and Dapp.com.

Singapore-based prePO said in a press note that this capital raise will help unlock private markets like SpaceX and OpenSea for the masses.

This deal follows last year’s US$1.1 million seed round from investors such as The LAO, Maven 11, Apollo Capital, Koji Capital, and founders from Illuvium, Alchemix, mStable, dHedge and Zed Run.

Also Read: Crypto trading: How to be sure you are doing it safely?

Founded by Xavier Ekkel, pre-PO is a decentralised trading platform allowing anyone to gain synthetic exposure to any pre-IPO company or pre-token crypto project. The platform allows anyone to go long or short on any pre-IPO company or pre-token crypto project in an instant and non-custodial manner.

By using prePO, retail investors can access opportunities that VCs, institutional investors, and PE firms have enjoyed exclusively for decades.

Investors can also use the platform to hedge their exposure to pre-public assets in their portfolio or for transparent and up-to-date market pricing.

prePO’s token is expected to launch in Q2 2022. The first version will launch directly on the Ethereum scaling solution Arbitrum shortly after the token launch.

Ray Xiao, Principal at IOSG Ventures, said: “prePO’s breakthrough design ensures that adequate liquidity exists for speculation and that liquidity providers are risk-limited and rewarded meaningfully.”

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