Gate has launched the second phase of its Pre-IPO offering for OpenAI, giving crypto-native users a way to subscribe to stock-linked tokens tied to the private company before any public listing. According to the details cited in the article, the offering values OpenAI at an implied $895 billion, targets $20 million in total subscriptions, and issues 27,700 OPENAI tokens at $722 each. Users can participate with either USDT or GUSD, with a minimum subscription of $100 and a cap of 277 OPENAI per user. The allocation model is based on hourly average locked balance, giving more weight to users who join earlier and lock funds longer. The article says subscriptions had already exceeded $226 million by press time. Gate describes OPENAI as a Mirror Note rather than a traditional stock, designed to track OpenAI’s market value before and after a future IPO. After the subscription closes, tokens will unlock in three phases. The platform plans to open 24/7 pre-market trading in its Pre-IPOs section on July 20, while a separate exit page is scheduled for the post-lockup period, defined in the article as six months after listing. Beyond the OpenAI sale, the piece presents Gate’s broader stock product lineup, including direct stock access, tokenized equities, CFDs, and stock perpetuals covering U.S., Hong Kong, and South Korean markets.

Gate said its second Pre-IPOs offering, OpenAI (OPENAI), passed $148 million in cumulative subscriptions within the first hour after the sale opened, with an oversubscription rate of 639.39%, according to official platform data cited by Odaily. The subscription window will remain open until July 17 at 15:00 UTC+8 and accepts both USDT and GUSD. Gate listed the total subscription value at about $20 million, with 27,700 OPENAI asset certificates available at a subscription price of $722 per OPENAI. The minimum subscription amount is 100 USDT or 100 GUSD, and the platform said no implicit fees or custody fees will be charged. Gate also said allocations will be based on the hourly average locked amount, meaning earlier participation and longer lock-up periods carry higher weight. In addition, OPENAI is scheduled to begin pre-market trading in the Pre-IPOs section on July 20 at 16:00 UTC+8. The platform has also rolled out incentive programs including GT rewards, airdrops for VIP users and super affiliates, and a 3.8% annualized minting yield for users subscribing with GUSD.

Bybit has listed U.S. pre-market perpetual contracts for OpenAI and Anthropic under the pairs OPENAIUSDT and ANTHROPICUSDT, with leverage of up to 20x. The exchange said the products give users a way to take part in price discovery for the two AI companies before any public listing. OpenAI and Anthropic, known for developing ChatGPT and Claude respectively, are described in the source as the world’s two highest-valued artificial intelligence companies. Both remain privately held and have not gone public. The new listings add AI-linked exposure to Bybit’s derivatives lineup through pre-market contracts tied to companies that are not yet publicly traded.

Gate said it will launch subscriptions for the second round of its Pre-IPOs product on July 15, offering OpenAI-linked asset certificates under the ticker OPENAI. The subscription window will run from 15:00 on July 15 to 15:00 on July 17, 2026 (UTC+8), with participation available in both USDT and GUSD. According to the platform, the offering carries a total value of about $20 million and will issue 27,700 OPENAI asset certificates at $722 each. The minimum subscription is 100 USDT or 100 GUSD per order, and the sale will not charge implied fees or custody fees. Gate said allocations will be based on each user’s “hourly average locked amount,” meaning earlier participation and longer lock-up time receive greater weight. The platform described the product as a contingent payout note issued before OpenAI’s IPO to mirror the company’s market value before and after listing. Gate said it manages exposure by obtaining OpenAI shares in the market as a hedge. The certificates are scheduled to unlock in three tranches on July 17, Aug. 17, and Sept. 17, 2026, at 25%, 35%, and 40%, respectively. Gate also said pre-market trading for the certificates will begin on July 20 at 16:00 (UTC+8), with later options including transfer, exit, or conversion tied to the company’s eventual listing terms.

Digital asset trading platform Gate said it will open subscriptions for the second-phase OpenAI (OPENAI) Pre-IPOs project from 15:00 on July 15, 2026, to 15:00 on July 17, 2026 (UTC+8). The offering supports both USDT and GUSD. Gate said the total subscription value is about $20 million, covering 27,700 OPENAI asset certificates priced at $722 each. The minimum participation amount is 100 USDT or 100 GUSD, with no implied fees or custody charges. According to the announcement, the OPENAI asset certificate is a pre-IPO mirror note designed to track the company’s value before and after a public listing. Gate said it will hedge exposure by acquiring related shares and plans to offer pre-market trading, long-term holding, and future conversion routes into stock assets, stock tokens, or USDT. Allocation will be based on the hourly average locked amount, meaning earlier participation and longer lock-up periods carry more weight. The certificates will unlock in three stages on July 17, August 17, and September 17, while pre-market trading is scheduled to begin on July 20. Gate also said OpenAI, backed by investors including Microsoft, has an implied market valuation of about $895 billion.

Gate said it will open subscriptions for the second project in its Pre-IPOs lineup, OpenAI (OPENAI), from 15:00 on July 15, 2026 to 15:00 on July 17, 2026 (UTC+8). The offering supports both USDT and GUSD. According to the announcement, the total subscription value is about $20 million, with 27,700 OPENAI asset certificates issued at $722 each. The minimum entry amount is 100 USDT or 100 GUSD, and the platform said there will be no embedded fees or custody charges. Gate described the OPENAI asset certificate as a pre-IPO mirrored note designed to track the company’s value before and after a listing. The exchange said it will hedge exposure by acquiring related shares and plans to provide pre-market trading, long-term holding options, and future conversion paths into stock assets, stock tokens, or USDT. Allocation will be based on the “hourly average locked amount,” with earlier participation and longer lock-up receiving higher weight. The certificates are scheduled to unlock in three batches on July 17, August 17, and September 17, while pre-market trading will open on July 20. Gate also said OpenAI has advanced generative AI through products including ChatGPT and has received investment from Microsoft and others, with an implied market valuation of about $895 billion. At the same time, the platform is rolling out VIP and super agent airdrops, GT rewards, and a 3.8% annualized minting yield for GUSD.

OpenAI ERC is an Ethereum-based Telegram bot token offering ChatGPT and DALL-E access, but unaffiliated with official OpenAI. Its all-time high was $1.25. The article analyzes its nature, market impact, and risks.

A flurry of major news hit the crypto and tech sectors: SpaceX launched its first investment-grade bond issuance, ICE and OKX formed a crypto joint venture, Coinbase will list Pre-IPO perpetuals for OpenAI and Anthropic, Micron signed a multi-year storage supply deal with Anthropic, Strategy and Bitmine expanded crypto holdings, MoonPay and Fomo closed key deals, Hong Kong-listed Zhipu broke HK$1 trillion market cap, and Toss Bank will use Solana for cross-border remittances.