$U becomes the initial Pre-Access subscription asset for Binance Wallet, with pPOLY as the first project.

TechFlow reported that on September 21, according to official announcements, $U has entered the settlement phase for the first Pre-Access subscription on Binance Wallet. The inaugural project, pPOLY, is issued by Paimon Finance and listed on PancakeSwap, aiming to provide users with tokenized indirect exposure prior to a potential public offering. pPOLY's subscription price stands at approximately $15.5, with a total issuance size of around $4.8 million, deployed on the BNB Smart Chain.

The settlement page indicates that 1 USD is approximately equivalent to 1.000534 $U, with users able to choose between $U or USDC for subscriptions. This round's subscription window lasts 72 hours and will close on September 24, at which time claims for pPOLY, refunds for unallocated funds, and trading will simultaneously go live. Allocation limits are primarily determined by a user's Alpha Points tier along with their on-chain holdings and trading activity on bStocks during the previous 15 days.

Pre-Access tokens are offered by third parties and do not represent equity in the related companies or rights to an initial public offering, nor do they guarantee that the referenced projects will ultimately be listed or generate any returns.