SoFi plans to expand its private equity market fund channels to provide clients with opportunities to invest in OpenAI and SpaceX

According to The Block, SoFi, a cryptocurrency friendly personal wealth management company, plans to expand the access of private market funds by partnering with asset management companies such as Cashmere and Fundrise, giving investors the opportunity to engage with unlisted startups such as OpenAI, SpaceX, and Epic Games. According to the news released on Tuesday, these private enterprises are involved in multiple industries such as machine learning, consumer goods, space technology, healthcare, and e-commerce, with a minimum investment threshold of only $10. SoFi, together with financial giants such as Robinhood and Republic, provides retail investors with opportunities to connect with private enterprises. However, SoFi provides users with access to unlisted companies through private market funds, while Robinhood and Republic plan to launch cryptocurrency tokens that directly track the stocks of these companies. Despite the controversy surrounding Robinhood's stock token, financial analysts suggest that the current regulatory environment may prompt the launch of more stock tokenization products.