#on-chain-markets News & Analysis

Anthropic’s on-chain pre-IPO market value jumps to $1.2 trillion, overtakes OpenAI for the first time

Anthropic's tokenized pre-IPO shares have reached a $1.2 trillion valuation on-chain markets, surpassing OpenAI for the first time despite the company's most recent Series G round in February 2026 valuing it at $380 billion. This divergence highlights how blockchain-based secondary markets are pricing in future growth expectations ahead of any potential public offering.