Want to ‘invest' in OpenAI and SpaceX? How tokenization will change investing

Private companies like OpenAI and SpaceX have captured enormous investor enthusiasm, driving up their valuations. Yet because they’re privately held, they’ve remained largely inaccessible to retail investors. Now a new approached called tokenization could change that by giving retail investors access to investments aligned with the performance of private companies. But some worry that tokenizing private companies could be a way to bypass longstanding regulations meant to protect investors.