The hardest equity exposure to get, anywhere, is the company that hasn't gone public yet. SpaceX, OpenAI, Anthropic, Anduril: the names everyone wants and almost nobody can buy, gated behind accredited-investor rounds and secondary markets with six-figure minimums. PreStocks tokenizes that exposure and puts it on Solana, and as of this week you can swap all seven of them straight from the SolanaRWA dashboard, with every trade auto-recorded to your portfolio.
These tokens were already visible in the portfolio tracker. What changed is that you can now buy them in-app, through the embedded Jupiter widget, instead of leaving for another frontend. Here is what is new, how we verified the trades route cleanly, and the things worth understanding before you click swap.
What is now in the swap
Seven PreStocks tokens, grouped under a new Pre-IPO tab in the swap picker:
SPACEX, tokenized pre-IPO exposure to SpaceX. The headline name and the one we expect most users to reach for.
OPENAI and ANTHROPIC, the two frontier AI labs, neither of which trades on any public market.
ANDURIL, the defense technology company, and NEURALINK, the brain-computer interface company.
POLYMARKET and KALSHI, the two largest prediction-market platforms, both still private.
All seven trade against USDC by default. The other side of the swap stays editable, so if you would rather pay in USDT or SOL, Jupiter routes through stables for you. We curate which tokens surface in the chip picker; the Jupiter plugin handles the routing.
What PreStocks actually are
PreStocks issues tokenized exposure to pre-IPO companies, backed by shares held in a special-purpose vehicle. Each token (the mints all start with the prefix Pre) is an SPL Token-2022 asset on Solana. You are not holding the underlying share directly; you are holding an on-chain claim whose value tracks a reference price for the private company.
That structure is what makes the exposure possible at all. Private-company shares are illiquid and tightly restricted, so wrapping them in an SPV and issuing a token against that vehicle is how the access gets democratized down from six-figure minimums to a one-dollar swap. It also means these are speculative instruments. Reference prices for private companies move on funding rounds and secondary-market marks, not a continuous public order book, and the usual private-market caveats apply.
Because they are pre-IPO equity, these tokens do not pay dividends, so unlike Backed's xStocks or Ondo's equities, there is no on-chain multiplier quietly accruing income against them today. The valuation in your dashboard tracks the token's on-chain price directly.
How we verified they trade cleanly
Every PreStocks mint carries a Token-2022 transfer hook, which is the same mechanism that makes some Ondo equities trade only for KYC-whitelisted wallets. A transfer hook runs custom code on every transfer and can reject a destination it does not recognize. Our in-app swap takes a small platform fee through a Jupiter referral account, and that referral account is itself a destination wallet on the fee leg of the trade. If a token's hook rejects our referral account, the whole swap fails to build, even for a user whose own wallet is perfectly eligible.
So before listing anything, we probe each mint against Jupiter Ultra with a funded taker and our referral leg attached, exactly mirroring what the live plugin sends. The mint either builds a complete transaction (safe to ship with the normal fee) or returns a quote with no transaction (the hook rejected the fee destination, and we would have to drop the fee to make it work).
All seven PreStocks came back clean. The transaction builds with our referral leg attached, and the output drops by the expected fee amount, which confirms the hook accepts our referral account as a fee destination. In other words, these route through our embedded swap the same way they route through Jupiter's own app. No special handling required.
Cost basis records itself, including multiple lots
The reason to swap inside the SolanaRWA dashboard rather than anywhere else is that every successful trade writes cost basis straight to your portfolio. The moment a buy settles, the backend reads the on-chain transaction, identifies the inbound PreStocks mint and the USDC you paid, computes the dollar cost basis from the actual net flows, and adds the position to your holdings. Sells run the disposal flow and write the capital gain or loss to your tax report.
It handles repeat buys properly too. Buy the same token twice and the dashboard tracks each purchase as its own lot, with a blended average cost per unit and a combined profit-and-loss figure, so your reporting stays correct whether you bought once or ten times. Live valuation, P&L, capital gains and multi-jurisdiction tax exports all work for PreStocks exactly as they do for the xStocks and Ondo tokens we already support.
What to know before you swap
A few honest caveats. First, geography: pre-IPO private securities are not offered to US persons, and the swap surfaces a banner to that effect on these tokens. Proceed only if you are eligible.
Second, the first time you buy any given PreStocks token, your wallet may show a one-time security warning. That is your wallet's transaction scanner reacting to two real properties of these Token-2022 mints: a permanent-delegate extension (the issuer retains the ability to move tokens, a real feature of how the SPV structure enforces its rules) and the transfer hook, combined with the small amount of SOL rent needed to create the token account on a first purchase. It is the wallet being cautious about an unfamiliar token type, not a flaw in the swap. The same warning appears on a first-time buy in other frontends. Subsequent buys of the same token, once the account exists, generally do not trigger it.
Third, treat these as what they are. Tokenized pre-IPO exposure is among the most speculative things you can hold on-chain. The value depends on private-company marks, the SPV structure behind the token, and the issuer's continued operation. Position size accordingly.
The takeaway
Access to private-company equity has always been the most gated corner of investing. Tokenization does not remove the risk, but it does remove the gate, and it does it for a one-dollar swap from a Solana wallet instead of an accredited-investor round. PreStocks brings SpaceX, OpenAI, Anthropic and four more of the most-wanted private names on-chain, and SolanaRWA now lets you buy them and track them in the same place.
If you have been waiting for a way to get pre-IPO exposure without leaving your Solana wallet, head to solanarwa.app/rwa/swap. Portfolio tracking stays free, the swap is web-only, and cost basis auto-recording is on by default.
Disclaimer: This article is for informational purposes only and is not investment, financial or tax advice. Tokenized pre-IPO exposure is high-risk and may not be available in your jurisdiction. Consult a qualified professional for guidance specific to your situation.