BNB Chain welcomes ColbFinance with $60M in tokenized pre-IPO positions

Want to own a slice of SpaceX before it goes public? A Swiss tokenization platform just made that a lot easier for anyone with a BNB Chain wallet.

ColbFinance, the structured products arm of Geneva-based Colb Asset SA, has gone live on BNB Chain with over $60 million in tokenized pre-IPO positions. The deployment gives on-chain investors exposure to some of the most coveted private companies in tech, spanning artificial intelligence, space, and fintech.

What ColbFinance actually does

ColbFinance creates tokenized structured products that give holders economic exposure to private companies without requiring direct share ownership. The platform operates as non-custodial infrastructure, meaning users maintain control of their own assets rather than handing them to an intermediary.

The flagship example is CSPX, a token that provides exposure to SpaceX. It’s one of several products now accessible through BNB Chain, covering companies across the AI, space, and fintech sectors.

Founded in 2020, Colb Asset SA previously deployed on other EVM-compatible blockchains including Moonbeam and Plume, as well as Concordium. Each integration expanded the company’s footprint across the multi-chain landscape, but BNB Chain represents its largest ecosystem move yet.

The money behind the platform

The company closed an oversubscribed seed extension round of approximately $7.3 million (CHF 6 million) in May 2025. The $60 million figure represents the total value of tokenized pre-IPO positions currently live on the platform.

Projections suggest exposure could eventually surpass $100 million in tokenized assets as additional products and companies are onboarded. For now, the focus remains on existing offerings rather than launching new tokens — no new token, no points program.

Why BNB Chain, and why it matters for investors

BNB Chain offers low transaction costs, a massive existing user base, and deep DeFi liquidity. For a platform trying to make private equity accessible to a broader audience, those characteristics are table stakes.

For investors, the practical implication is straightforward: exposure to private companies that were previously walled off behind accreditation requirements and minimum check sizes. But investors should understand what they’re actually buying: a tokenized structured product issued by a Swiss entity, not equity in the underlying company.

Switzerland’s regulatory framework for digital assets is among the most developed globally, which gives Colb Asset SA a degree of credibility that supports its compliant RWA tokenization approach. Still, cross-border distribution of tokenized securities remains a legal consideration that will shape the platform’s growth trajectory.