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The gap is the product. Not advice.

PreFair provides economic data, not investment advice. Tokenized private-company exposure is speculative, may be illiquid, and can lose all value. Nothing here is a recommendation to buy, sell, or hold.

PREFAIR / LIVE DATA / SOURCES: PRESTOCKS API, TESSERA PUBLIC API

Route 2, company

One company, opened up

Every figure shows the field it came from, so the comparison stays honest. Then the planner turns the gap into a route for your amount.

Two marks for one company, drawn to scale

OpenAI

Back to board

Venue disagreement

TesseraMark valuation$950B

PreStocksMark valuation$1.31T

ComputedMark to mark spread+38%

Effective entry cost

TesseraMark valuation$950B

TesseraMark per T-Token$812.79

TesseraEffective entry valuation$950B

PreStocksMark valuation$1.31T

PreStocksToken market price$1,498.27

PreStocksToken mark price$1,057.42

PreStocksMarket premium over own mark+41.7%

PreStocksEffective entry valuation$1.86T

ComputedEffective total gap+95%

Buying on PreStocks means entering at about $1.86T in company value versus about $950B on the other venue, a 95 percent higher entry.

On Solana

PreStockssupply: 2,826 tokens

PreweJYECqtQwBtpxHL171nL2K6umo692gTm7Q3rpgF

Swap on Jupiter View on Solscan

Tesserasupply: 685 tokens

oPAiAikWTaFj9RYoRFD35ccfwhnMcB3ThgBZRHSkjTZ

Swap on Jupiter View on Solscan

READ 2026-10-03 06:52:22 UTC / LIVE

Amount

Assumed exit company valuation, in $B

Your assumption, not a forecast.

Venue to enter

Entering on Tessera buys OpenAI at an effective entry of $950B in company value.

Tessera entry

$950B

PreStocks entry

$1.86T

Tessera multiple

1.48x

PreStocks multiple

0.76x

Tessera payoff / better route

$1,477

PreStocks payoff

$756

This assumes each token tracks the company valuation proportionally, and ignores fees, liquidity, and the legal difference between the tokens.

Open on Tessera

Not arbitrage. One token is SPV exposure, one is loan participation, with different legal claims and exit terms. Read the gap as a pricing signal, not free money.