xStocks and Fundrise to Launch Tokenized VCXx Tied to Innovation Fund

xStocks partnered with Fundrise to put the newly listed Fundrise Innovation Fund onchain, with tokenized asset VCXx expected soon as the underlying fund’s price moved sharply after its March 19 listing.

Summary

xStocks and Fundrise said they are working to launch VCXx, a tokenized version of the newly listed Fundrise Innovation Fund. The closed fund holds private-company shares including Anthropic, Databricks and SpaceX, and xStocks said VCXx is expected to launch in the coming days. According to the provided figures, the fund’s price rose from $31 at listing on March 19 to $575 within days, extending the topic beyond the previously noted private-company exposure structure.

Terms & Concepts
  • Tokenized asset: A traditional asset represented on a blockchain, allowing digital transfer and onchain ownership tracking.
  • Onchain: Recorded or issued directly on a blockchain, where transactions and ownership data are managed through the network.