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EquityZen has moved swiftly to calm markets after private investment marketplace Linqto filed for Chapter 11 bankruptcy this week. The New York-based secondary trading platform confirmed its operations remain unaffected, with CEO Atish Davda stating: "We can confidently confirm that investments made on EquityZen's platform have no exposure to Linqto." The failed platform held 【4.7 million】 secondary shares of Ripple prior to its collapse.
Contrary to initial concerns, EquityZen's latest data reveals the pre-IPO sector actually gained momentum in Q2 2025. Investor interest jumped 【56%】 in June—the highest level since March 2023—despite a temporary 38% dip during April's market volatility. ——This rebound demonstrates the market's underlying strength—— particularly in tech-driven sectors like artificial intelligence and cryptocurrency.
The digital asset sector ranked as the sixth most popular industry on EquityZen's platform last quarter, fueled by regulatory progress and Circle's landmark IPO. Market insights director Brianne Lynch noted: "Stablecoins particularly drove investor interest following Circle's public listing." Ripple notably cracked the platform's top 10 most sought-after pre-IPO companies—the only crypto-related firm to achieve this distinction.
While Tether continues resisting IPO plans despite its USDT stablecoin dominance, rival Gemini moved forward with a confidential SEC filing on June 6. ——The contrasting approaches highlight crypto's evolving corporate maturity—— with EquityZen data showing both companies among Q2's biggest movers in investor interest.
As the pre-IPO market enters Q3, analysts will watch whether Linqto's collapse affects niche platforms or remains an isolated incident. With crypto firms representing 【15%】 of EquityZen's top movers last quarter, the sector appears positioned for continued growth regardless of individual platform failures.