Ripple (XRP) is gearing up for its highly anticipated IPO, with a valuation of around $30 billion. In this environment, attention has been drawn to synthetic pre-IPO shares offered by third-party platforms. While these products promise early access to investors, their legitimacy and associated risks are up for debate.
Ripple CTO David Schwartz warns investors to be cautious when investing in pre-IPO shares, noting that brokers often do not provide transparent information. He stresses the importance of doing due diligence and gathering data from multiple sources to avoid pitfalls.
With its upcoming IPO, Ripple could redefine the relationship between digital and traditional assets, but investors should remain aware of the risks involved.