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LBank to Launch Pre-IPO Market With Kalshi Tokenized Asset Offering

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LBank to Launch Pre-IPO Market With Kalshi Tokenized Asset Offering

LBank, a leading global cryptocurrency exchange, has announced the launch of its Pre-IPO market, with subscriptions for its inaugural Kalshi-linked offering opening on October 29. The new market is designed to give eligible users access to economic exposure linked to selected private companies ahead of potential public listings, with subscription, asset holding, and eligible trading available through a single LBank account. The launch expands LBank’s offerings beyond conventional crypto markets into tokenized private-market opportunities.

The Pre-IPO market is designed to simplify participation by bringing the subscription and asset-holding process into LBank’s existing platform, without requiring users to open a separate securities brokerage account. Through tokenization, eligible users can access economic exposure linked to a company’s potential future public-market performance, subject to the terms of the relevant offering. LBank plans to build on this model by introducing additional opportunities as the market develops.

For the inaugural Kalshi-linked offering, users can choose between two tokenized assets with different pricing and liquidity arrangements. cKLSH is priced at 28 USDT and subject to a six-month lock-up following Kalshi’s IPO, while xKLSH is priced at 39 USDT and is intended to be available for spot trading on LBank once distribution and trading commence. The two options allow eligible users to choose between a longer lock-up structure and an option designed for earlier trading access.

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The offering has a total subscription quota of 500,000 USDT, with a minimum subscription of 10 USDT and a maximum of 5,000 USDT per user.


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