Tokenised stock platform xStocks and alternative investment platform Fundrise are working together to put the Fundrise Innovation Fund on a blockchain, Cointelegraph reported on March 28. The move will allow on-chain access to stakes in unlisted technology companies including Anthropic, Databricks and SpaceX. The tokenised asset, VCXx, is expected to begin trading on the xStocks platform within days.

The U.S. Securities and Exchange Commission has approved Nasdaq’s plan to tokenise securities, allowing tests in which certain stocks and ETFs are issued as blockchain-based tokens and traded alongside existing shares. Investors can hold tokenised versions in digital wallets, while settlement is handled by the Depository Trust & Clearing Corporation. Supporters say tokenisation could enable 24-hour trading and instant settlement, though the model does not replace the current financial system.