Bybit is making an aggressive move into the private equity market. The Dubai-based crypto exchange has launched pre-IPO perpetual contracts for Unitree, a leading Chinese robotics company, while also opening similar access for startup Moonshot AI. Since these contracts are denominated and settled entirely in USDT, traders get direct exposure to the company’s price movements without having to deal with actual stock ownership.
This maneuver solidifies Bybit’s expansion trend into traditional financial instruments that began in April 2026. In a short period, the TradFi perpetual product line on their platform has swelled to over 200 options. This list does not only contain crypto, but extends directly into equities, ETFs, commodities, global indices, and even a range of companies that have not yet gone public.
Four-Fold Valuation on Paper
Unitree itself has just secured approval from China’s securities regulator in July 2026. This green light paves the way for the robotics company to hold its initial public offering on Shanghai’s STAR Market. However, the crypto market seems impatient to wait for the exchange bell to ring.
On the Hyperliquid platform, traders have already taken positions. They are betting and pushing Unitree’s valuation to reach $38 billion. This figure is four times higher than the official IPO price set by the company. This massive interest proves that crypto exchanges are racing to enter the private market as the next battleground.
Traces of this competition were also recorded during SpaceX’s listing momentum last June. Industry giants like Binance, Coinbase, and Kraken did not want to miss out on launching contracts related to the aerospace company even before its shares were officially traded freely.
Tokenized Stock Holders Skyrocket 123 Percent
Market interest in merging real-world assets with blockchain speed is clearly captured in on-chain data. The latest report from RWA.xyz notes that the distributed value for tokenized stocks has reached $2.38 billion. The adoption metric is even more striking: the number of asset holders surged by 123.62% in the last 30 days alone, surpassing 1.31 million wallets.
Other players are also stepping up their pace. Bitget has just expanded its Stock Dual Investment product. The exchange now offers more than 20 assets from the United States, up from only six products in July.
The boundary between traditional stock brokers and crypto exchanges is now becoming harder to distinguish. This trend is changing how assets are distributed - opportunities to capture profits from private companies, which were once dominated by venture capitalists, can now be freely traded by anyone with a crypto wallet.
Sourced from Cointelegraph.
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Disclaimer: This article is for informational and educational purposes only, not financial advice. Cryptocurrency assets are highly volatile and carry significant risk. Always do your own research (DYOR) and never invest more than you can afford to lose.