- Swiss regulators have cleared Colb to offer its tokenized pre-IPO structured products for eligible investors in Switzerland.
Colb Asset SA, the Swiss arm of colb.finance, has unlocked a new milestone as it secured approval to offer tokenized pre-IPO (Initial Public Offering) structured products in Switzerland. The company’s regulatory progress indicates its strong alignment with the provisions of the Swiss Financial Services Act (FinSA/LSFin) and the Swiss Distributed Ledger Technology (DLT) Act.
Unlocking Investors’ Access to Swiss-Regulated Tokenized Pre-IPO
The development marks an important step in bridging eligible investors to high-growth, late-stage private companies. Previously, investing in these businesses was accessible almost exclusively to institutional players and venture capital (VC) firms.
Under Colb’s definition, eligible investors are qualified or professional investors who meet its strict capital requirements. They should also be able to pass automated regulatory checks, particularly anti-money laundering (AML) and related client due-diligence requirements.
Colb leverages blockchain technology to structure pre-IPO exposures directly as ledger-based securities under Swiss laws. It uses tokenization to convert illiquid private shares into standardized, programmable digital tokens.
The framework enables fractional ownership, streamlined transfers, and lower entry barriers for investors in late-stage venture investments. Meanwhile, Colb’s compliant rails ensure transparency of ownership records and provide investor safeguards in accordance with Swiss laws.
“This goes beyond simply putting a traditional financial product on a blockchain,” said Yulgan Lira, Co-Founder and CEO of Colb, in a press release. “We are building the security for the digital environment from the outset, bringing investor rights, ownership and transfer mechanisms, and the protections of Swiss law together within a structure designed for on-chain issuance.”
Colb’s Tokenized Private Equity Offerings
Colb is one of the largest issuers of tokenized private equities in the rapidly expanding real-world asset (RWA) tokenization market. According to RWA.xyz, it holds an approximately $97.22 million share in the sector across its three offerings.
Among its Swiss structured tokenized pre-IPO products are the following:
- Colb Revolut token (CREV) providing direct exposure to Revolut pre-IPO shares with $88.09 million in total assets
- Colb SpaceX token (CSPX) offering direct exposure to SpaceX, which has transitioned from tracking the company’s private equity to mirroring its post-IPO live public asset, with $8.26 million in total assets
- Colb Anthropic token (CANP) giving exposure to pre-IPO Anthropic shares, with $865 million in total assets
Colb’s tokenized pre-IPO tokens operate under the $1.26 billion tokenized private equities market, which accounts for 3.28% of the $38.36 billion tokenized RWA market.
