GAIB launches $4M ByteDance pre-IPO offering via receipt tokens at $604B implied valuation


blog.gaib.ai •
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Promote with Leviathan NewsGAIB Select is taking subscriptions for a $4M ByteDance allocation at a $604B implied valuation, with a $1,000 minimum and 10% subscription fee. Participants receive receipt tokens tied to an SPV that invests through a fund on ByteDance’s cap table, not stock or shareholder rights; US nationals and residents are excluded, and the subscription window runs July 13 to July 27.
TLDR by @Benthic

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![Hyperliquid Policy Center and trade[XYZ] propose pre-IPO perpetuals in SEC comment letter](https://leviathan-media.nyc3.digitaloceanspaces.com/media/20260818143249_Nk2Q67g52dfN.jpg)
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![Hyperliquid Policy Center and trade[XYZ] propose pre-IPO perpetuals in SEC comment letter](https://leviathan-media.nyc3.digitaloceanspaces.com/media/20260818143249_Nk2Q67g52dfN.jpg)
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