L2 Capital to Tokenize $500M of Pre-IPO AI Shares With Newton
- —Hong Kong's L2 Capital is the first partner on Newton Labs' platform, which is still being built
- —The tokenization covers $500 million of pre-IPO AI shares
- —Compliance rules are embedded in each token and verified before every transfer settles
Why it matters: It extends tokenization into pre-IPO AI equity, though the platform is not live yet, limiting the near-term market impact.
Source: The Defiant