Own tokenized stockson 
before the listing
leak how it works Fund a ticker vault with USDG, hold its oracle-priced receipt, then claim your share of the stock tokens the entire vault can actually buy.
Pre-listing markets
RACE
Ferrari
Oracle price
$397.6
Market closed
Oct 22, 2026, 7:59 PM UTC
Vault balance
0 USDG
Phase
Funding
EADSY
Airbus
Oracle price
$54.72
Market closed
Oct 22, 2026, 7:24 PM UTC
Vault balance
0 USDG
Phase
Funding
PRDSY
Prada
Oracle price
$9.8
Market closed
Oct 22, 2026, 3:48 PM UTC
Vault balance
0 USDG
Phase
Funding
BBVA
Banco Bilbao Vizcaya
Oracle price
$25.05
Market closed
Oct 22, 2026, 7:58 PM UTC
Vault balance
0 USDG
Phase
Funding
ORANY
Orange
Oracle price
$16.18
Market closed
Oct 22, 2026, 7:20 PM UTC
Vault balance
0 USDG
Phase
Funding
One vault.
One final ratio.
Receipt balances never promise a fixed number of future stock tokens. At settlement, the contract freezes the full receipt supply and the full acquired stock pool. Claims use those two global totals.
Fund
USDG enters a vault dedicated to one ticker.
Receive
The vault mints transferable receipt shares at the oracle price.
Settle
The complete USDG pool is exchanged for the listed stock token.
Claim
Every holder receives the same final pool ratio per receipt.
0.833333
Stock tokens from 1 receipt
The vault cannot invent the missing $20.
If 100 USDG bought one receipt and the stock lists at $120, that vault can acquire about 0.833333 stock tokens. Every claim is calculated from the final pool, not from the buyer's earlier dollar price.
holder receipts ÷ frozen receipt supply × final stock pool