Tokenization platform xStocks launches new on-chain private equity fund

金色财经_ · 2026-03-28T20:47:13+00:00

xStocks partners with Fundrise to bring the newly listed Fundrise Innovation Fund on-chain, expanding investments in the private equity market. The fund invests in technology companies, whose stock prices previously surged significantly. However, due to a report by Citron Research alleging potential improper promotion by Fundrise, the stock price plummeted.

金色财经_

2026-03-28 20:47:13

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Golden Finance reported that on March 29, the tokenized stock framework xStocks has partnered with alternative investment platform Fundrise to bring its newly listed Fundrise Innovation Fund on-chain, thereby expanding exposure to late-stage private market companies.
According to a Friday announcement, the single tokenized asset VCXx is expected to go live on the xStocks platform in the coming days. Not long before this, the closed-end fund had just started trading on the New York Stock Exchange, with a portfolio that includes private equity from tech companies such as Anthropic, Databricks, and SpaceX. In early trading, the fund’s share price soared from its issuance price of $31 on March 19 to a peak of $575 per share.
However, short-selling firm Citron Research released a critical report on Thursday, pointing out that Fundrise Advisors LLC faced allegations from the SEC in 2023 for paid solicitation activities. Citron called on regulators to investigate whether the company is promoting VCX by paying influencers. The stock closed the week at $173, dropping nearly 34% on Friday, and fell another 5.9% in after-hours trading.

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