Invalid access code
Authorised personnel only  ·  Unauthorised access is prohibited
Authenticated  ·  SpaceX Pre-IPO
Pre-IPO Equity  ·  On-Chain Settlement
SpaceX
Pre-IPO Equity
Tokenisation
Canton Network  ·  Confidential
2-Week Close Target
USD 15Bequity
4-Week Close Target
USD 25Bequity
Qualified Buyer Interest
KB  ·  NPS  ·  Shinhan
01
Overview

Three Korean institutional investors have indicated appetite to acquire SpaceX pre-IPO equity via on-chain settlement on Canton Network. Two closing timelines are available. Pricing is open to discussion.

02
Institutional Buyers
KB Financial Group
South Korea's largest financial institution by assets.
National Pension Service
World's third-largest pension fund. Approx. $1 trillion AUM. Mandate expanding into overseas alternatives.
Shinhan Financial Group
One of Korea's leading diversified financial groups by assets.
03
Canton Network

Canton is a public blockchain purpose-built for institutional finance — configurable privacy at the asset level, regulatory compliance, and atomic settlement.

On-chain assets USD 6T
Daily repo volume USD 350B
Strategic investors
BNY Nasdaq S&P Global iCapital
Active participants
Goldman Sachs DTCC Citadel Securities Bank of America Tradeweb Société Générale
04
Tokenisation Structure

The transaction is structured via an SPV. Investors hold tokenised interests in the SPV; the underlying SpaceX shares remain in conventional institutional custody. Tokens are issued and settled on Canton Network, with the SPV's register maintained on-chain.

At $15–25 billion, this would represent, to our knowledge, the largest on-chain SPV settlement of private equity interests to date.

For discussion purposes only  ·  Not for distribution This document does not constitute an offer or solicitation of securities in any jurisdiction.