xStocks, Fundrise Partner to Tokenize VCX Fund

Digital securities platform xStocks announced a partnership with investment firm Fundrise on March 27, 2026, to tokenize the Fundrise Innovation Fund, creating a blockchain-based asset called VCXx that offers global investors exposure to stakes in leading private technology companies.

The Fundrise Innovation Fund, which trades on the New York Stock Exchange under the ticker VCX, began public trading on March 19 at an initial price of $31 per share. The closed-end fund provides shareholders with indirect ownership in high-profile private firms, including SpaceX, OpenAI, Anthropic, and Databricks. In its early days, the stock experienced sharp volatility driven by strong investor demand for private market access. It surged to a peak of $575 per share within days of its debut before retreating amid market pressures, closing the week at $173, a 34 percent drop on Friday alone, followed by an additional 5.9 percent decline in after-hours trading.

The price swings drew scrutiny from short-seller Citron Research, which released a report on Thursday highlighting a 2023 settlement by Fundrise Advisors LLC with the Securities and Exchange Commission over allegations of undisclosed paid...