Tokenized platform xStocks brings new private shares fund on-chain

The closed-end Fundrise Innovation Fund holds stakes in private technology companies including Anthropic, Databricks and SpaceX, and came public earlier this month.

Tokenized equities framework xStocks has teamed with alternative investment platform Fundrise to bring onchain the newly public Fundrise Innovation Fund, expanding late-stage private market companies exposure.

The single tokenized asset VCXx is expected to go live on the xStocks platform in the coming days, according to a Friday announcement.

The move to bring Fundrise onchain comes just days after the closed-end fund began trading on the New York Stock Exchange with its portfolio that includes private shares of tech companies including Anthropic, Databricks and SpaceX. Early days trading saw the stock surge from its March 19 $31 debut price to as high as $575 per share.

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