BloFin Launches Pre-IPO in Partnership with Realta, Polymarket First

BloFin has launched a new onchain offering called Pre-IPO, built in partnership with Realta, to give eligible users economic exposure to private, high-growth companies before they reach public markets. Realta operates as an asset provider under a structured SPV framework, and the first project on the new service is rPOLYMKT.

rPOLYMKT is a tokenized instrument designed to track the economic performance of Polymarket, the blockchain-based prediction market platform. Polymarket, founded in 2020, has become a widely used venue for real-time event prediction, processing billions of dollars in trading volume. Its backers include Founders Fund, the venture firm led by Peter Thiel, and Ethereum co-founder Vitalik Buterin. The company raised a $2 billion strategic funding round in October 2025, which valued it at roughly $8 billion.

According to BloFin, rPOLYMKT mirrors the economic interest of Polymarket equity rather than representing direct participation in the company. Eligible users can subscribe with USDT during the presale window, and tokens will be allocated pro-rata based on subscription amounts. After distribution, spot trading for the token will open on BloFin, providing a continuous exit option. If the presale round fails to meet its minimum threshold, subscribed funds will be returned in full with interest. The subscription window opens May 25, with full terms and timeline to be published on the campaign page.

The launch comes with a series of legal disclaimers. BloFin stressed that Pre-IPO tokens do not confer ownership of underlying stock and do not entitle holders to dividends, interest, voting rights, shareholder privileges, or rights offerings. The underlying companies are not guaranteed to pursue an IPO, and the companies referenced have not endorsed or authorized the product. The tokens are not offered as securities, and BloFin said it is not registered as a broker-dealer, exchange operator, transfer agent, custodian, or similar regulated entity in any jurisdiction.

The exchange also noted that the service is not financial advice, an offer to buy or sell digital assets, or a recommendation, and warned that digital assets are volatile and can lose value.