Injective has launched on-chain pre-IPO stocks for OpenAI, SpaceX, and Anthropic, allowing public access to these high-demand private equities. This initiative by the layer-1 blockchain, designed for decentralized finance, aims to democratize investment in private companies. Previously, in October 2025, Injective introduced pre-IPO perpetual futures, which saw $1 billion in trading volume within a month. The move follows Injective's partnership with Republic in August 2025 to tokenize private shares, bridging traditional private markets with blockchain technology. While tokenized stocks offer new investment opportunities, they differ from traditional shares in terms of legal protections and regulatory frameworks. The launch has sparked positive sentiment for Injective's native token, INJ, with potential for significant market impact.