Kraken’s tokenized equities platform xStocks and Fundrise announced on March 27, 2026, the launch of VCXx, an onchain token designed to provide eligible investors with global, tokenized exposure to the Fundrise Innovation Fund (NYSE: VCX), which targets late-stage private technology companies.
Kraken xStocks and Fundrise Unveil VCXx
VCXx packages the underlying exposure of the newly launched Fundrise Innovation Fund into a single blockchain-based asset. The initiative aims to broaden access to a portfolio of late-stage private tech companies by offering an onchain representation of the fund for qualified participants.
According to the companies, the tokenization is intended to simplify access and enhance portability of the asset while aligning with applicable securities regulations. The product is expected to be available to eligible investors in multiple jurisdictions, subject to compliance requirements.
How Tokenized Exposure Works
Tokenized equities are digital representations of ownership interests recorded on a blockchain. By issuing an onchain asset linked to a traditional fund, platforms can enable features such as fractional ownership and potentially faster settlement, while maintaining the economic exposure of the underlying vehicle.
In this case, VCXx serves as a tokenized wrapper for exposure to the Fundrise Innovation Fund (VCX), allowing investors to gain onchain access without directly holding fund shares in a conventional brokerage account.
Focus on Late-Stage Private Tech
The Fundrise Innovation Fund is focused on late-stage private technology companies, an asset class that is typically harder for individual investors to access due to investment minimums, limited liquidity, and regulatory constraints. By creating VCXx, Kraken’s xStocks and Fundrise aim to expand access to this segment within a compliant, onchain format.
Key Details
- Product: VCXx, a tokenized onchain asset
- Underlying: Fundrise Innovation Fund (NYSE: VCX)
- Strategy: Exposure to late-stage private technology companies
- Partners: Kraken’s tokenized equities platform xStocks and Fundrise
- Announcement date: March 27, 2026
- Availability: For eligible investors, subject to jurisdictional and regulatory requirements
Further information on supported jurisdictions, custody, and secondary market availability was not disclosed at the time of the announcement.