There are eight companies that are not allowed to buy or sell shares, Anthropic says.
On PreStocks, Anthropic token fell 34% in the last 24 hours.
The so-called tokenized “shares” of Anthropic on the Solana network suffered a 35% price drop in the last 24 hours. This collapse occurs after the artificial intelligence company, creator of Claude, issued a warning about the nullity of said digital representations not approved by its board of directors.
The price of the tokenized asset fell from $1,409 to $895as seen in the graph below:
The company emphasized in its legal aspects section that “any sale or transfer of Anthropic shares, or any interest therein, that has not been approved by our Board of Directors is void.” This implies that the buyers of these tokens have no real legal rights over the company.
The PreStocks market is a tokenizing platform shares of private companies before going public. This process is part of the tokenization of real-world assets (RWA), which consists of converting traditional physical or financial assets into tokens within a cryptocurrency network, as explained by Criptopedia, the educational section of CriptoNoticias.
In addition to Anthropic, The platform claims to offer access to tokenized versions of “pre-shares” from other high-profile firms. The companies available are: SpaceX, OpenAI, Anduril, Neuralink, Kalshi and Polymarket.
These products are typically backed by exposure to special purpose vehicles (SPVs), which are companies created exclusively to bring together investors and buy shares. Anthropic was forceful in rejecting these financial structures. “We do not allow SPVs to acquire Anthropic shares, and any transfer of shares to an SPV is void under our restrictions,” the technology firm stated.
The company’s warning suggests that tokenized products circulating on networks like Solana could lack legal value. Since the transfers to the SPVs that supposedly support the tokens are null, the final buyer acquires an asset that the parent company refuses to register.
For clarity, Anthropic published a list of eight companies that do not have permission to manage their shares. The platforms marked as unauthorized are: Open Door Partners, Unicorns Exchange, Pachamama, Lionheart Ventures, Hiive, Forge, Sydecar and Upmarket. “Any sale offered by these companies is void and will not be recognized in our books and records,” the organization stated.
In addition to the lack of legal validity, the cryptocurrency market presented a price distortion with respect to the financial reality of the company. Marcin Kazmierczak, COO of RedStone Oracles, thought about it and pointed out that the price in the PreStocks market implied an absurd valuation for the company.
According to Kazmierczak, while Anthropic closed its latest funding round at a valuation of 380,000 million of dollars, the tokens were trading as if the company were worth 1.3 trillion dollars. This represented a price four times higher than the actual market value.
“The price on the network was, in practice, four times higher than the most recent negotiated price,” the executive explained. Kazmierczak stressed that such illiquid assets require primary sources and authorized operations, rather than relying exclusively on speculation in decentralized environments.
The situation leaves the holders of these assets in a vulnerable position. The company warned that “if anyone offers the possibility of participating, even indirectly, in an investment in Anthropic, assume that it is not valid,” thus closing the door to any ownership claim.