The amendment’s fee table uses $78 a share, while crypto derivatives require a different denominator: the company’s total outstanding shares.

The proposed 825 million-share offering moves ANT toward Nasdaq, while Ondo and Dinari's tokenized-stock launches still await public trading.

Public trading would activate Ondo and Dinari tokenization plans, while existing derivatives would not become IPO allocations.

The contract offers up to 5x leverage and is expected to become an equity perpetual after listing, without delivering shares or IPO allocations.

Direct trades can put buyers on a company's shareholder register. Fund interests offer indirect exposure, with separate fees and exit rules that an IPO does not automatically remove.

Eligible EEA traders get cash-settled exposure, not shares or an IPO allocation, with a share-count adjustment designed to preserve position value.

Trade.xyz's new ANT contract offers up to 10x leverage without equity ownership, while Base's pitch identifies no issuer or token contract.

The perpetual has its own pricing and hourly funding payments, unlike the fully funded OPAIPon spot note. US persons are excluded.

The eight PreStocks assets offer economic exposure rather than shareholder rights and are unavailable to US persons.

The contracts offer leveraged exposure rather than shares, with settlement tied to IPO filings, private-market valuations or revenue estimates.