Anthropic and OpenAI have declared PreStocks tokens backed by their shares nugatory, sending the Solana merchandise down as much as 39%.
Abstract
- Each corporations mentioned any switch of their inventory to particular goal automobiles with out board approval is void, which means consumers obtain no shareholder rights.
- Anthropic named Open Door Companions, Hiive, Forge World, and several other others as unauthorized channels for purchasing or promoting its shares.
- PreStocks holds solely $333,000 in stablecoins and $18,000 in SOL to again Anthropic tokens, towards an implied platform valuation above $1.3 trillion.
Anthropic and OpenAI have each issued warnings declaring that Solana-based PreStocks tokens claiming to supply publicity to their personal shares are backed by invalid constructions. The Anthropic-linked token fell 34% in seven days whereas OpenAI PreStocks dropped 39%, per CoinGecko information.
“We don’t allow particular goal automobiles to amass Anthropic inventory and any switch of shares to an SPV are void beneath our switch restrictions,” Anthropic mentioned on an up to date investor warning web page. OpenAI used near-identical language, warning that any unapproved switch carries no financial worth to the customer and should violate US securities legal guidelines.
Why the warnings hit the tokens so exhausting
PreStocks points Solana tokens that declare to characterize oblique financial publicity to non-public firm shares by way of SPVs. Each corporations argued that if the unique share switch into any SPV lacked board approval, the whole downstream construction is legally void.
The warnings land as on-chain secondary markets had pushed Anthropic’s implied valuation above $1.3 trillion, effectively past its final formal funding spherical at $380 billion in February. The hole between speculative on-chain pricing and what the underlying platform can truly help has now been made legally express.
Liquidity information exposes the structural threat. PreStocks holds simply over $333,000 in stablecoins and $18,000 in SOL to again Anthropic-linked tokens. Early consumers sitting on massive paper positive factors could also be unable to completely exit at implied costs. Neither the platform nor any third-party auditor has printed the attestation reviews PreStocks promised at launch.
Who’s on Anthropic’s blocklist
Anthropic went additional than OpenAI by publishing a named blocklist overlaying Open Door Companions, Unicorns Alternate, Pachamama, Lionheart Ventures, Sydecar, Upmarket, and new choices on Forge World and Hiive. Forge World’s inclusion drew consideration as a result of it operates as a regulated secondary market for accredited buyers.
Anthropic’s annualized income jumped from $9 billion at end-2025 to $30 billion by April 2026, making it one of many fastest-growing personal corporations on this planet. Demand for entry by way of unofficial channels is exactly what created the market PreStocks was constructed to serve. Each corporations are actually making clear these doorways are closed.
