Anthropic warns against unauthorized stock exposure as token markets imply trillion-dollar valuation

AI firm Anthropic is warning investors that tokenized products claiming to provide access to its private shares are invalid and will not be recognized. The company explicitly states that any unapproved sale or transfer of its stock, or any interest in it, is void. Anthropic prohibits special purpose vehicles (SPVs) from acquiring its stock and considers any transfer to an SPV void under its transfer restrictions. Third parties attempting to sell Anthropic shares through direct sales, forward contracts, or tokenized securities without proper board approval are likely engaged in fraud or offering investments with no value due to these restrictions. This warning comes as crypto exchanges offer pre-IPO exposure to companies like Anthropic, with some offerings being synthetic and others involving SPVs. Anthropic's stance highlights the challenges private companies face in controlling stock transfers and the potential for inflated valuations in tokenized markets, citing PreStocks' dashboard showing Anthropic with an implied valuation over $1.5 trillion despite limited underlying assets.

(Source：CoinDesk)