OPENAI, issued by PreStocks, is a tokenized pre-IPO stock token that provides economic exposure to the implied private-market valuation of OpenAI through Special Purpose Vehicle (SPV) backing, with token price tracking that valuation [S1][S2].

Each OPENAI token tracks OpenAI, a private artificial intelligence company, and is stated to be 1:1 backed by SPV exposure to the underlying OpenAI shares, with the token price denominated to reflect the company's implied valuation [S1][S2]. The token confers no dividend or other economic rights beyond price tracking [S1][S2]. PreStocks advertises no management or performance fees and no minimum investment, with a one-time fee charged to mint or redeem tokens [S3].

PreStocks identifies itself only as PreStocks and expressly disclaims being a broker-dealer, investment advisor, exchange operator, transfer agent, custodian, virtual asset service provider, or similar regulated entity [S1][S2]. The token represents economic exposure only and confers no ownership, voting, dividend, information, or other legal rights, and is not affiliated with, endorsed by, or issued by OpenAI [S1][S2]. Exposure is mediated through unnamed SPVs holding the underlying shares [S4]. Tokens are not available in the U.S., to U.S. persons, or to other ineligible persons [S1][S2]. Holders may sell tokens on Solana decentralized exchanges; minting and redemption into USDC are gated by KYC [S1][S3].

OPENAI is issued on Solana using the SPL token standard and is tradable on Solana decentralized exchanges such as Jupiter [S1][S5][S3]. PreStocks acquires share exposure through SPVs and wraps it into tokens; minting and redemption are KYC-gated, and price alignment with the underlying secondary-market valuation is maintained through mint and redeem arbitrage [S4][S3]. The issuer advertises instant onchain settlement [S3].

<Sources
  retrievedAt="2026-06-19"
  items={[
    { id: "S1", url: "https://prestocks.com/" },
    { id: "S2", url: "https://prestocks.com/openai" },
    { id: "S3", url: "https://newsletter.prestocks.com/p/prestocks-are-live-trade-spacex-openai" },
    { id: "S4", url: "https://prestocks.com/spacex" },
    { id: "S5", url: "https://prestocks.com/anthropic" },
  ]}
/>


# Asset transfer count methodology

## 1. Overview

Asset transfer count is defined as the number of user transactions that move assets between addresses. It is utilized to reflect how frequently assets are used for payments, trading, or other onchain activity. The metric is calculated daily for each tracked asset across all supported blockchains. By aggregating these transfer events, a comprehensive view of onchain utility and transactional velocity is provided.

## 2. Data sources

- **EVM chain events**: ERC-20 token transfers, covering EVM-compatible chains (Ethereum, Arbitrum, Base, Polygon, Optimism, and others)
- **Solana instructions**: SPL token transfers
- **Other blockchain events**: Token transfers, withdrawals, and mint events across non-EVM chains (Solana, Aptos, Near, Polkadot Asset Hub, Stellar, and others)
- **Asset metadata**: Token addresses and decimal precision

## 3. Step-by-step calculation

### Component A: Extract and count raw transfer events

- **Purpose**: Identify and count individual token transfer events on a daily basis for each asset.
- **Logic**: On EVM-compatible chains, ERC-20 token transfers are parsed and counted. On Solana, SPL token transfers are parsed and counted. On Aptos, Near, and Ripple, token transfers and withdrawals are parsed and counted. On Stellar, classic token withdrawals and Soroban token transfers are aggregated. On Sui, token withdrawals and token mint events are aggregated. On Cardano, UTXO withdrawals and token mint events are aggregated. On Polkadot Asset Hub, `Transferred` events from the `assets` pallet are parsed.
- **Key fields**: `token_address`: The unique identifier of the token contract or asset. `block_timestamp`: The timestamp of the transaction block.

### Component B: Daily aggregation and zero-filling

- **Purpose**: Aggregate the daily transfer counts per asset and ensure continuous time-series data.
- **Logic**: The extracted transfer counts are aggregated daily for each token address on its respective chain. For days where no transfer activity is recorded for a tracked asset, the time series is filled with zero values to ensure a continuous daily record.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The daily count of transfers per token on a specific chain.

### Component C: Final aggregation

- **Purpose**: Combine the daily transfer counts across all supported chains for each asset.
- **Logic**: The daily transfer counts from all individual chains are combined. Token addresses are mapped to unique asset identifiers using asset metadata. The final daily asset transfer count is then aggregated across all chains for each asset.
- **Key fields**: `timestamp`: The day of the activity. `asset_transfer_count`: The total aggregated daily transfer count for the asset.

*This methodology was automatically generated by Token Terminal's methodology analyzer.*

Number of transfer transactions involving the asset.

Asset transfer count

Tokenized stocks

PreStocks operates through SPVs that acquire actual shares in private companies on secondary markets. SPL tokens are minted on Solana representing proportional non-voting economic interest in each SPV. Tokens trade 24/7 on DEXes like Jupiter, Raydium, and Meteora. Pricing is maintained via arbitrage: when token price drifts from NAV, traders mint or redeem tokens to close the gap. Minting and redemption require KYC; secondary trading does not. The platform is regulated under Regulation S and is not available in the US.

PreStocks tokenizes pre-IPO company stocks through SPV-backed Solana tokens, giving users 24/7 access to private companies like SpaceX, OpenAI, and Anthropic with no minimums and no management fees. Each token represents economic exposure to a private company via a Special Purpose Vehicle (SPV) that holds actual equity. The platform rebranded from PrePO and migrated to Solana in August 2025.

PreStocks was founded by Xavier Ekkel, a former software engineer at Canva. The platform is backed by Alliance DAO and funded by Republic Capital.

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Real-world asset (RWA) issuers

PreStocks

OpenAI PreStocks (OPENAI) is a token tracking OpenAI shares, backed by dedicated collateral, issued by PreStocks through PreStocks.

Each token carries no dividend entitlement and carries no voting rights.

Holders worldwide can mint and redeem directly with PreStocks in USDC after completing KYC.

Residents of Afghanistan, Albania, Belarus and other jurisdictions the issuer restricts cannot mint or redeem with PreStocks.

Holder terms are governed by the law of the British Virgin Islands, with disputes heard in the United Kingdom.

OPENAI has been issued on Solana as a SPL Token-2022 token since September 2025.

PreStocks OpenAIOPENAI