Bybit Unveils Pre-IPO Futures for Unitree and Moonshot AI

Global cryptocurrency exchange Bybit has expanded its product lineup to include pre-IPO perpetual futures linked to Unitree and Moonshot AI. These USDT-settled perpetual futures contracts allow investors to bet on the companies' price swings without owning the underlying unlisted shares.

Unitree, a Chinese robotics company, received approval from Chinese securities regulators in July for an initial public offering (IPO) on Shanghai's STAR Market. Bybit's new product gives investors a way to bet on changes in Unitree's valuation before its stock-market debut.

The launch of pre-IPO perpetual futures comes as the tokenization market continues to grow, with the total value of tokenized stocks in circulation reaching $2.38 billion and the number of holders surging 123.62% over the past 30 days.