Prepo
Prepo provides SPV-backed company exposure without granting share ownership
Prepo, now PreStocks, provides economic exposure to private companies through SPV-backed tokens without granting share ownership. A special purpose vehicle (SPV) connects the backing exposure with the underlying business. The asset that a holder receives is a token; owning it does not establish ownership of company shares.
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The backing supports an economic relationship
PreStocks tokens are backed by SPV exposure to their underlying companies.
The phrase fully backed concerns that arrangement. Share ownership concerns the rights that an asset grants its holder. These descriptions answer different questions, so full backing can coexist with an explicit exclusion of shareholder rights.
The referenced companies do not issue PreStocks tokens. The company name identifies the business being tracked, while the token remains the asset that changes hands.
Does full backing make a token holder a shareholder?
Full backing does not make a PreStocks token holder a shareholder of the referenced company. The token does not give its holder a vote in company decisions.
Token activities and company rights remain separate
Holding, transferring and trading concern the token as an asset. The August 7, 2025 launch also described lending tokens for yield and using them as loan collateral.
| Token activity | Financial purpose | Effect on company ownership |
|---|---|---|
| Holding | Maintain company-linked economic exposure | No direct company share ownership |
| Transferring | Move a transferable token between holders | No transfer of company shares to the recipient |
| Secondary-market trading | Buy or sell the token | No shareholder status from the token purchase |
| Lending | Lend the token for yield | Lending does not create a company shareholding |
| Loan collateral | Use the token to support borrowing | Collateral use does not create a company shareholding |
Holding a PreStocks token confers no ownership rights in the referenced company. Its backing relationship does not give the holder control over the company or authority to act as a shareholder.
A valuation quote is not a shareholding percentage
The token's price expresses an implied company valuation, so the economic reference is the value of the business. That quote does not identify a percentage of company shares that the holder owns. The token's exclusion of ownership rights remains relevant even when its price changes with the company-linked exposure.
What changes when a token is no longer pre-IPO?
Tokens classified as no longer pre-IPO carry an instruction to convert out before expiry. The product list distinguishes post-IPO and acquired statuses.
The conversion notice concerns the token and its expiry. It should not be read as a promise that a token holder becomes a shareholder after a public listing or acquisition.
Eligibility and identity checks govern different questions
The economic-exposure structure remains subject to participant restrictions. PreStocks is unavailable in the United States, to U.S. persons, in other prohibited jurisdictions and to other ineligible persons. Indirect exposure through an SPV does not provide a way around those exclusions.
At the August 7, 2025 Solana launch, minting and redemption were the stated exceptions to the product's no-KYC model. KYC means Know Your Customer and concerns identity checks. That distinction separates those product actions from the trading access described at launch; it does not establish unrestricted eligibility.
Full backing leaves liquidity and loss risk in place
Backing describes the exposure supporting the token, without promising a resale price or protection against loss. PreStocks tokens can result in total loss.
PreStocks tokens have no guaranteed secondary-market liquidity. Transferability means the token can move between holders. Selling it also requires available market liquidity. These are separate properties, so the ability to transfer a token cannot establish that a buyer will be available when a holder wants to sell.
Helpful answers about Prepo
Are company dividends owed to PreStocks token holders?
Holding a PreStocks token does not grant a right to dividends from the referenced company. Lending tokens for yield is a separate use of the token; it does not establish a claim on company dividend payments.
Do larger token balances give holders more company voting power?
A larger PreStocks token balance does not create voting rights in the referenced company, regardless of the amount held. Increasing the token position does not establish a controlling company stake or authority over company decisions.
What access to private company information comes with a PreStocks token?
A PreStocks token grants no company information rights. The holding itself provides no entitlement to confidential company reports or shareholder disclosures.