Kalshi (Tessera Pre-IPO)

Tessera is a decentralized private-markets platform designed to make exposure to leading private companies accessible to everyone. By leveraging on-chain tokenization, Tessera allows users to obtain tokenized exposure using stablecoins, with redemption and settlement governed by the relevant terms and structure.

Private equity is one of the world's best-performing asset classes, yet it remains fundamentally inaccessible. Exclusivity: Only accredited investors—those earning over $200K annually or with a net worth above $1M—can participate directly. High minimums: Existing platforms require investments of $100K or more.

Illiquidity: Settlements can take weeks, and investors are often locked in for years. This structure locks 99% of the global population out of a market that consistently outperformed public equities by more than 4% per year..