Trade.xyz launched a pre-IPO perpetual contract called ANT that references one Class A common share of Anthropic, PBC, BlockBeats reported on October 26.
Pre-listing contract terms
The contract is quoted in US dollars and is tied to the expected share price of a company that has not yet listed. Trade.xyz said it expects ANT to convert to a standard XYZ perpetual contract after Anthropic formally lists.
The platform warned that pre-IPO markets can be more volatile. Changes in expectations may cause the mark price to reach price-discovery limits more often, temporarily restricting its movement relative to the reference price.
Source: BlockBeats, 2026-10-26 14:14:29 UTC.