On September 10, 2026, OKX introduced pre-IPO perpetual instruments tied to OpenAI and Anthropic for eligible European users, alongside 100 tokenized stock and exchange-traded fund markets available 24 hours a day. The new trading products allow long and short exposure to implied valuations of private technology companies before an official stock market debut, with leverage of up to 10x.
The offering is operated through OKX Europe Markets Ltd., an entity regulated by the Malta Financial Services Authority under the Investment Services Act. According to OKX, the derivative contracts do not grant actual shares or direct economic rights against the referenced companies. The platform emphasized that quotes are formed by the order book on the exchange and may diverge from private funding rounds or a final IPO price, if an IPO occurs at all.
OKX's broader tokenized stock catalog includes instruments linked to SpaceX, Alphabet, Nvidia, Palantir, and the SPY and QQQ ETFs. Users can place limit, market, stop, TWAP, and Iceberg orders from a unified account. OKX also reported that these synthetic assets can be used as collateral for derivative positions and are eligible for withdrawal to external self-custody wallets.
Erald Ghoos, CEO of OKX Europe, said trading volume in the platform's X-Perps line quadrupled in the region after the MiCA regulatory transition period ended in July 2026. The company is positioning the launch to capture institutional interest in unlisted technology assets.
Legal documentation clarifies that tokenized instruments do not grant voting rights or representation at shareholder meetings. The naming of assets reflects a price-tracking mechanism and does not imply business association with issuers such as Google or Nvidia. Similar products have drawn pushback: AMC Entertainment publicly rejected a comparable Robinhood product in September, and OpenAI said in July 2025 that it did not endorse tokens linked to its private equity.
Investors in the United States remain excluded from OKX's catalog because of SEC restrictions. Meanwhile, in March 2026, Nasdaq received SEC authorization for a pilot program allowing simultaneous traditional and tokenized trading of Russell 1000 shares with identical corporate rights. OKX said its European rollout will continue under Maltese supervision, with technical liquidity reviews scheduled for the close of the third quarter of 2026.
