Pre-IPO markets · On-chain yield
The Nasdaq of private markets.Yield on pre-IPO exposure, on-chain.
Crow Finance turns locked pre-IPO allocations into productive assets — on-chain exposure to Anthropic, OpenAI, xAI and SpaceX that accrues yield while you wait for listing day. Trade private like it's public.
- $0.00
- Total value locked
- 0.0%
- Average yield
- 0
- Pre-IPO markets
- 0d
- Avg. cliff remaining
Markets
Pre-IPO markets
6 markets
Index
CROW Private 20
One token, the whole pre-IPO cohort. CRW20 holds a rules-based basket of pre-IPO allocations — the Nasdaq of companies that haven't listed yet — and stakes the idle collateral for yield.
- $0.00
- NAV
- 0.0%
- Perf YTD
- 0.0%
- Blended APY
- $0.00
- TVL
- +1.84%
- 24h
- Quarterly
- Rebalance
Composition
weight · APY
- OpenAI22% · 11.4%
- SpaceX20% · 9.8%
- Anthropic18% · 16.2%
- Databricks14% · 13.7%
- Stripe14% · 10.9%
- xAI12% · 21.6%
Yield · How it works
Locked capital shouldn't sit idle.
01
Acquire a pre-IPO allocation
Buy exposure to a private company at its latest round mark. Your position is minted on-chain, fully collateralized, and re-priced by the oracle at every new round.
- Latest-round pricing
- Fully collateralized
- Oracle-marked NAV
02
Locked, with a cliff — earning yield
The allocation is locked until the cliff expires. While you wait, the collateral is deployed into conservative yield strategies and accrues to your position every epoch.
- Cliff 90–360 days
- Yield accrues per epoch
- Early exit = penalty decay
03
Listing day: unlock, full liquidity
When the company IPOs or a tender clears, the lock expires. The position converts to liquid exposure at the listing mark — sell, hold, or roll into the next cohort.
- Automatic unlock
- Listing-mark conversion
- Deep exit liquidity