CSPX, issued by the Colb Trust and tokenized by Colb Asset SA, is a tokenized pre-IPO structured product providing onchain economic exposure to the private-market value of Space Exploration Technologies Corp. (SpaceX), a privately held company. [S1][S2]

Each CSPX token represents a proportional economic right to the Colb Trust's underlying position, where the Trust purchases shares in a special purpose vehicle holding the underlying SpaceX pre-IPO shares. [S2] The token carries no yield or dividend component; returns derive from the company's value appreciation and an eventual exit such as an IPO or sale. [S2][S3] Holders bear a deposit fee deducted before issuance and a redemption fee deducted before settlement, with a higher fee applying to instant redemption. [S2][S4]

Colb Asset SA is a Swiss-registered financial intermediary based in Genève, Switzerland, and a member of ARIF, a self-regulatory organization recognized by the Swiss Financial Market Supervisory Authority (FINMA) for AML supervision rather than direct product authorization. [S1][S5] Onchain assets are issued through the bankruptcy-remote Colb Trust, legally isolated from operational entities, with backing held at a licensed Swiss private bank. [S5][S6][S4] Tokens are ledger-based securities under Swiss law. [S4] Access is limited to qualified investors meeting CHF 500,000 or CHF 2,000,000 thresholds, excludes U.S. persons and sanctioned jurisdictions, and requires KYC and whitelist verification. [S2][S3] Redemption is cash-settled in $USC after a six-month post-IPO lock-up. [S2][S3]

CSPX is a fungible token recorded on EVM-compatible chains, with the Colb ecosystem settling through the $USC stablecoin deployed on Ethereum, Polygon, BNB Chain, and Moonbeam. [S6][S4] Tokens are minted to the user's wallet after the Trust acquires exposure and burned at redemption through Colb Liquids queue-based mechanisms. [S2][S7] Pre-IPO pricing uses recent SPV transaction pricing or a quarterly official valuation. [S2]

<Sources
  retrievedAt="2026-06-21"
  items={[
    { id: "S1", url: "https://www.colb.finance/" },
    { id: "S2", url: "https://docs.colb.finance/products/tokenized-pre-ipos.md" },
    { id: "S3", url: "https://docs.colb.finance/products/tokenized-pre-ipos.md?ask=what+is+the+lock+up+period+and+eligibility+qualified+investors+and+excluded+jurisdictions+US+persons" },
    { id: "S4", url: "https://docs.colb.finance/products/tokenized-managed-strategies/cbal.md?ask=what+are+the+fees+legal+structure+redemption+and+token+standard" },
    { id: "S5", url: "https://www.colb.finance/about" },
    { id: "S6", url: "https://docs.colb.finance/payments-core-tech/usc.md" },
    { id: "S7", url: "https://docs.colb.finance/investment-core-tech/colb-liquids.md" },
  ]}
/>


Tokenized stocks

Each tokenized asset is a strategy contract deployed via Colb's RWA LSFactory and tracks the value of an underlying real-world asset through dedicated price oracles and aggregators. Token holders gain economic exposure to the underlying; a USD-pegged stablecoin ($USC) and a Chainlink CCIP portal support settlement and cross-chain transfers.

Colb (Colb Finance) is a platform for tokenizing real-world assets on-chain. It issues tokenized exposure to private companies and pre-IPO equities (e.g. Colb SpaceX, Colb Anthropic, Colb Revolut) through on-chain liquid-strategy (LS) contracts deployed by its RWA LSFactory, and operates a USD-pegged stablecoin ($USC). Contracts are deployed across BNB Chain, Ethereum, Polygon and Moonbeam.

Users seeking on-chain, tokenized exposure to real-world assets and private-company / pre-IPO equity.

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Real-world asset (RWA) issuers

Colb

Colb SpaceX (CSPX) is a token tracking SPCX shares, backed by dedicated collateral, issued by Colb through Colb Trust, and distributed through Colb Finance.

Qualified investors worldwide can mint and redeem directly with Colb in USC after completing KYC, with a USC 25,000 minimum.

Residents of the United States cannot mint or redeem with Colb.

Colb Trust is structured under the Swiss DLT Act.

CSPX has been issued on BNB Chain as an ERC-20 token since April 2026.

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