TKALSHIKalshi (Tessera Pre-IPO)
Pre-IPO 24/7/365Issued by Tessera Tokenized Pre-IPO Assets
TKALSHI is a Tessera-issued loan participation product tracking Kalshi, the regulated prediction-market exchange, aimed at giving broader access to private-company value that's normally restricted to accredited investors with high minimums. Like Tessera's SpaceX token, it's a loan-style claim settled in stablecoins rather than direct equity, with no ownership or voting rights in Kalshi itself.
Data as of Sep 3, 2026
Price performance
7D
+0.58%
14D
+1.31%
30D
+0.75%
1Y
—
All-time
-1.86%
Market Cap
$700.16K
24h Volume
$226.29K
On-Chain Holders
3K
Summed across all deployed chains (per-chain wallets not de-duplicated)
Key facts
via /coins/{id}Market Cap Rank
#3267
Circulating Supply
1.56K
Total Supply
1.56K
All-Time High
$3,402.53 · 2026-10-16
Categories
News & Insights
Also tokenized by
Kalshi (Tessera Pre-IPO) is issued as 2 separate tokens across different issuers.
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Tokenized pre-IPO exposure — TKALSHI insights & FAQ
TKALSHI is tokenized pre-IPO exposure — on-chain, 24/7 access to a private company that is not yet publicly listed, an asset class normally closed to retail investors. Because there is no public market, its price behaves differently from a tokenized public stock, as described below.
- Can retail investors get pre-IPO exposure through TKALSHI?
- Yes — TKALSHI offers on-chain, 24/7 exposure to a private company that is normally accessible only to venture funds and insiders. It lowers the barrier to pre-IPO names, providing exposure through a tokenized wrapper rather than direct private equity.
- What determines the price of TKALSHI?
- Because the company is private with no public market, TKALSHI's price is set by its own on-chain market alongside reference points such as recent private-round valuations and secondary-market marks — not a live public stock price. Without continuous public price discovery, the token can be more volatile and can diverge from any single valuation benchmark.
- Is TKALSHI more volatile than a tokenized public stock?
- Typically yes — pre-IPO tokens are thinner and lack a public market to anchor to, so price moves can be larger and less efficient. There is also no daily market open to gap against, so the weekend-gap framing used for public tokenized assets does not apply here.
- Does holding TKALSHI give me shares or voting rights in the company?
- Generally no — tokenized pre-IPO products typically provide price exposure rather than registered equity or shareholder rights. Structures vary by issuer, so the specific terms of the token determine what, if anything, it represents legally.
Provided for informational purposes only — not financial advice. Tokenized pre-IPO exposure carries additional liquidity, valuation and structural risk.