Bitget Opens Anthropic IPO Subscription via Tokenized rANT Shares

Tokenized pre-IPO access is moving from novelty to a structured product, and the tiered fee design here is the real signal: retail pays less but is capped, while larger allocations carry a materially higher underwriting cost. That pricing gap suggests the platform is managing demand rather than simply democratizing access. The 1:1 share backing is the claim worth scrutinizing, since the credibility of rANT rests entirely on custody and verification of the underlying shares. Whether secondary trading in these tokens develops real depth, and how the fee spread between rounds is received, are the open questions.