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AI IPO demand is surging, but VCX highlights the risks of paying extreme premiums for pre-IPO exposure to companies like OpenAI and SpaceX.

ST. HELIER, Jersey--(BUSINESS WIRE)--xStocks, the leading tokenized equities framework powered by Payward, today announced a partnership with Fundrise, the largest direct-to-consumer alternative investment platform in the U.S., to tokenize its newly launched Fundrise Innovation Fund (NYSE: VCX). The partnership brings onchain access to a diversified portfolio of high-growth private technology companies, including…

A buzzy fund offering access to pre-IPO AI companies such as Anthropic and OpenAI is trading well above the value of its underlying assets, even with its sharp recent decline.

Shares of the Fundrise Innovation Fund have surged as investors look to invest in private AI companies, but history suggests that these high valuations aren't tenable.

WASHINGTON--(BUSINESS WIRE)--The Fundrise Innovation Fund (VCX) has announced a new investment in Erebor Bank, a newly chartered national bank built from the ground up to serve the technology industry. Founded by Palmer Luckey, the co-founder of Oculus VR and Anduril Industries, Erebor is designed to serve startups, technology companies, and the individuals who work at and invest in them. The bank aims to fill a gap…