šŸ¤– OpenAI’s valuation takes a 10% haircut: from $1.4 trillion to $1.25 trillion—why should the crypto world care?

Today’s big news in the AI private market: According to CNBC, OpenAI is nearing the completion of a funding round of up to $30 billion, at a pre-money valuation of $1.25 trillion. UAE investors and Coatue are leading the round, which is positioned as a ā€œbridge roundā€ toward a possible 2027 IPO. The goal is to sign next week.

The FT and Bloomberg have also reported the same story, focusing on the ā€œcutā€: a month ago, the figure being discussed was around $1.4 trillion; now it’s down to $1.25 trillion, just as Anthropic is gearing up for its IPO.

šŸ”¹ Size: Up to $30 billion
šŸ”¹ Valuation: $1.25 trillion (previously around $1.4 trillion)
šŸ”¹ Lead investors: UAE capital + Coatue
šŸ”¹ Next step: Possible 2027 IPO

What does this have to do with us? A roundup of news on X mentioned that an on-chain platform, Ondo Perps, has already launched tokenized notes and perpetual futures linked to OpenAI’s performance, letting people trade ā€œcompanies that haven’t gone public yetā€ 24/7. When private-market valuations shift, the price anchors for these contracts shift too.

My take: If even OpenAI is proactively lowering its valuation, that suggests investors in the AI private market are becoming more cautious too. AI stocks have pulled back recently, and BTC has come under pressure alongside them—risk appetite is interconnected. Also, on-chain contracts for private companies are priced based on sporadic funding news. Liquidity and price discovery are both thin, so be especially careful with leverage.

Would you buy tokenized products tied to ā€œOpenAI before its IPO,ā€ or wait until the IPO? Let’s discuss in the comments šŸ‘‡

#OpenAI #AI #ä»£åøåŒ– #RWA