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DWF Labs (@DWFLabs): Competition for pre-IPO market share is accelerating:

Estimated coin impact

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Competition for pre-IPO market share is accelerating: → @Binance and @Bitget: tokenized pre-IPO shares via @PreStocks integration → @TradeXYZ: pre-IPO perps, ~$7M daily volume in week one → @Backpack: onchain IPOs with actual equity exposure as issued shares, supported by @SuperstateInc and @solana But the SEC-CFTC has released guidance that puts tokenized SPV structures at risk of enforcement once companies go public. Platforms that can optimize for all conditions will emerge as winners. @DWFVentures on the endgame for pre-IPO markets 👇

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