PIPO.VC has opened access to XCFPU, a single on-chain unit issued by Capital Rights Holdings I Ltd. and linked economically to XCF Global, Inc. (Nasdaq: SAFX), a renewable fuel producer. Access is limited to non-U.S. persons who pass PIPO.VC's screening process; the unit is unavailable to U.S. persons and U.K. residents. XCF Global operates the New Rise facility in Reno, Nevada, which is permitted for nameplate capacity of up to 38 million gallons of renewable fuel annually. The company reported preliminary, unaudited August revenue of more than $10 million from 1.3 million gallons shipped in a Sept. 25 company release. Each XCFPU contains a 1.0 Series S Component linked to a designated restricted XCF share unit and a 0.5 Series W Component tied to a warrant-linked instrument with a fixed strike price and capped payoff. XCF Global is the reference company, not the issuer, and XCFPU holders are not direct shareholders. PIPO.VC says it will not provide price targets, describe the instrument as safe or guaranteed, or announce secondary trading before authorization. It plans to publish participation figures and results after the first issue closes.