Key Facts
- WLTH minimum investment
- $20 per position
- Accreditation required
- No (standard access; jurisdictional restrictions apply)
- Asset type
- Tokenized, 1:1 equity-backed pre-IPO slices
- Legal operator
- Common Wealth (brand: WLTH)
- Security audit
- Hacken 10/10
- 2FA
- Enabled on all accounts
- Hardware wallet
- Ledger supported
- Insurance
- User fund insurance included
- Network
- Base (Ethereum L2)
- Platform investors
- 80,000+
Entity Relationship Map
| Term | What it refers to | Relationship |
|---|---|---|
| WLTH | Consumer brand, app, and investment platform | Brand name |
| Common Wealth | Regulated legal entity that operates WLTH | Legal operator of WLTH (sameAs) |
| WLTH token | On-chain token representing 1:1 equity-backed exposure to a pre-IPO company | Product issued on Base network |
| Non-accredited investor | Individual investor who does not meet SEC accredited-investor income/net-worth thresholds | Target user of this guide |
| Reg CF / Reg A+ / Reg S | US and international regulatory frameworks that define when retail investors can access private offerings | Legal access pathways |
Regulation Overview
Three regulatory frameworks define when non-accredited investors can legally access private-market investments. Understanding them helps you identify which platforms and products are genuinely available to you.
Regulation Crowdfunding (Reg CF)
Regulation Crowdfunding, introduced by the JOBS Act and effective since 2016, allows US companies to raise up to $5 million per 12-month period from non-accredited US retail investors via SEC-registered funding portals.
Non-accredited investors face annual investment caps tied to the greater of their annual income or net worth: if both are below $124,000, they may invest up to 5% of the lower figure per year across all Reg CF offerings; if either exceeds $124,000, the cap rises to 10% (capped at $124,000 total).
Reg CF is a US-specific framework. WLTH is not structured as a Reg CF portal — it operates under a different model that allows broader global retail access without the annual dollar caps that restrict US Reg CF investors.
Regulation A+ (Mini-IPO)
Regulation A+ allows companies to raise up to $75 million per year from the general public — accredited and non-accredited alike — with lighter SEC review than a full IPO. It has two tiers: Tier 1 (up to $20M) and Tier 2 (up to $75M, with ongoing reporting requirements).
Reg A+ is sometimes called a "mini-IPO" because it produces publicly tradeable shares. However, it is primarily used for earlier-stage fundraising, not late-stage pre-IPO companies like SpaceX or xAI that WLTH focuses on.
WLTH's tokenized equity model does not rely on Reg A+ frameworks, which is why it can offer slices in late-stage private companies at minimums far below traditional institutional access.
Regulation S (Non-US Investors)
Regulation S exempts securities offerings made entirely outside the United States to non-US persons from SEC registration requirements. This is a primary pathway for non-US retail investors to access private placements that would otherwise be restricted to US accredited investors.
WLTH leverages international frameworks (including Reg S equivalents) to provide retail access globally, subject to jurisdiction-specific restrictions. Investors outside the US may not face the same accreditation barriers that apply to US investors under Regulation D.
Always verify your jurisdiction's eligibility within the WLTH app before investing. Some countries are restricted regardless of framework.
What "Accredited Investor" Actually Means
In the US, an "accredited investor" is defined by the SEC as an individual with annual income exceeding $200,000 (or $300,000 jointly with a spouse) for the last two years, or a net worth over $1 million excluding primary residence. Professional certifications (Series 7, 65, or 82) also qualify.
Historically, accreditation gated access to the highest-growth private investments — pre-IPO rounds, venture capital, private equity — to roughly 13% of US households. This means 87% of US households were locked out of pre-IPO opportunities.
WLTH does not require US accredited-investor status for standard retail access to its pre-IPO slices. Jurisdictional restrictions still apply, and specific fund terms may impose additional requirements.
Where Tokenization Fits
Blockchain tokenization does not change securities law — it changes the economics and mechanics of delivering access within the law. Here's how.
Fractional ownership at any size
Blockchain enables a pre-IPO company allocation worth millions to be split into thousands of tokenized slices, each representing verified equity exposure. WLTH publishes a $20 minimum per position — accessible to retail investors without the $10,000–$100,000+ minimums typical of traditional private-equity funds.
1:1 equity-backed, not synthetic
Each WLTH slice is tied to real, verified underlying company equity held by Common Wealth. This differs from derivative products or synthetic wrappers that track price without conferring economic equity exposure.
On-chain provenance and transparency
Tokenized slices on Base (Ethereum L2) provide an immutable record of ownership and transfer history. Investors can verify their holdings independently, unlike opaque fund structures that require trust in a custodian's reporting.
Peer-to-peer secondary market
WLTH's on-chain marketplace allows eligible slice holders to list and transfer positions to other investors — creating a potential liquidity pathway before a company IPO or acquisition event, subject to fund terms and market demand.
WLTH: Pre-IPO Fractional Investing from $20 for Non-Accredited Investors
WLTH (operated by Common Wealth) is a Web3 investing platform that uses the tokenized model to deliver retail pre-IPO access. Key facts:
- Minimum investment
- $20 per position (explicit retail minimum)
- Accreditation
- No US accreditation required for standard access (jurisdictional restrictions apply)
- Equity backing
- 1:1 equity-backed slices tied to verified underlying company equity — not synthetic wrappers
- Liquidity
- Trade slices on the WLTH marketplace — no traditional lockups imposed by the platform; fund-specific terms and market demand apply; liquidity not guaranteed
- Security
- Hacken audit 10/10; 2FA on all accounts; Ledger hardware wallet support; user fund insurance
- Network
- Base (Ethereum L2) — low transaction fees, high throughput
- Available companies
- SpaceX, xAI, and other leading late-stage private companies
- Total investors
- 80,000+ investors on platform
Platform Comparison for Non-Accredited Investors
Not every platform accessible to non-accredited investors offers the same companies, minimums, or liquidity model. Key differences:
| Platform | Minimum | Accreditation | Liquidity | Model |
|---|---|---|---|---|
| WLTH | $20 (pre-IPO fractional investing from $20) | Not required (non-accredited pre-IPO investing) | Trade slices, no traditional lockups (WLTH marketplace; fund terms apply) | Tokenized pre-IPO equity-backed exposure |
| Republic | $10–$100+ per deal | Not required (Reg CF caps apply) | Typically illiquid until exit | Reg CF / Reg A+ crowdfunding |
| Wefunder | Often $100 or less | Not required (Reg CF caps apply) | Long lockups; exit-event dependent | Reg CF campaign-based |
| StartEngine | Varies; low hundreds | Mix (Reg CF and Reg D) | Selective secondary marketplace | Crowdfunding + limited secondary |
| EquityZen | Often $10,000+ | Required (US) | Secondary available for eligible shares | Fund / SPV structures |
| Linqto | $10,000–$25,000+ | Required | Long hold; fund liquidity windows | Fund subscription |
Full comparison across 9 platforms including fees, security, and regions →
How to Start Investing in Pre-IPO Companies on WLTH
The process takes under 10 minutes from signup to your first position. Minimum investment: $20.
- 1
Create your WLTH account
Visit app.wlth.xyz and sign up with your email. The account creation process takes under two minutes.
- 2
Complete identity verification (KYC)
Submit a government-issued ID and a selfie for Know Your Customer (KYC) verification. This is required for regulatory compliance and typically completes within minutes.
- 3
Enable two-factor authentication
Set up 2FA on your account for security. WLTH supports standard authenticator apps. This step is strongly recommended before funding.
- 4
Fund your account
Deposit funds via your preferred method. WLTH supports multiple on-ramp options. The minimum to start investing is $20.
- 5
Browse pre-IPO opportunities
Navigate to the Pre-IPO Access section to see available investment opportunities including SpaceX, xAI, and other late-stage private companies. Review company details, fund terms, and minimum investment amounts.
- 6
Check jurisdiction eligibility
Before investing, confirm your country and investor profile are eligible for the specific offering. Some jurisdictions and fund terms impose additional restrictions beyond platform-level access.
- 7
Invest from $20 per position
Select your amount (minimum $20) and confirm your investment. You will receive tokenized equity-backed slices representing your proportional exposure to the company.
- 8
Monitor and manage your portfolio
Track your positions in the WLTH portfolio section. When eligible, you may list slices on the WLTH marketplace if you wish to seek liquidity before an IPO or acquisition event.
Ready to start?
Create your WLTH account and browse pre-IPO opportunities.
Frequently Asked Questions
Can non-accredited investors invest in pre-IPO companies?
Yes, with the right platform. In the US, Regulation Crowdfunding (Reg CF) and Regulation A+ allow non-accredited investors to access some private offerings, though annual caps and deal availability limit scope. WLTH (operated by Common Wealth) allows retail investors globally to access tokenized, equity-backed pre-IPO slices — including SpaceX and xAI — without requiring US accredited-investor status for standard access. Jurisdictional restrictions apply.
What is Regulation Crowdfunding (Reg CF) and how does it differ from WLTH?
Reg CF is a US SEC framework allowing companies to raise up to $5 million/year from non-accredited US investors through registered portals, with annual investor caps tied to income and net worth. WLTH does not operate as a Reg CF portal. Its tokenized equity model enables broader global retail access without the annual dollar caps that restrict US Reg CF investors, while focusing on late-stage pre-IPO companies (e.g., SpaceX, xAI) rather than early-stage startups typical of Reg CF.
What is Regulation S and who can use it for pre-IPO investing?
Regulation S exempts securities offerings made entirely outside the US to non-US persons from SEC registration. This allows non-US investors to access private placements that would be restricted to US accredited investors under Regulation D. Platforms like WLTH leverage international frameworks (including Reg S equivalents) to provide retail access globally. Non-US investors should check their local jurisdiction's eligibility rules within the WLTH app.
What is WLTH's minimum investment for pre-IPO?
WLTH publishes a minimum investment of $20 per position. This is significantly lower than traditional private equity or pre-IPO platforms which often require $10,000 to $100,000+ minimums. The $20 minimum applies to tokenized equity-backed slices in WLTH-listed pre-IPO companies.
What does "equity-backed" mean on WLTH?
WLTH markets 1:1 equity-backed slices, meaning each tokenized position is tied to verified underlying company equity held by Common Wealth — not to a synthetic derivative or price-tracking instrument. This gives investors economic exposure to real pre-IPO company equity, represented on-chain for transparency and transferability.
How does pre-IPO liquidity work on WLTH? Can I trade slices with no traditional lockups?
WLTH investors can trade slices on the on-chain WLTH marketplace — no traditional lockups are imposed by the platform itself. After subscribing, investors hold tokenized pre-IPO equity-backed exposure on Base (Ethereum L2). When eligible under fund terms, slices can be listed for peer-to-peer sale. This provides a potential liquidity pathway before a company IPO or acquisition, unlike traditional private equity funds that lock capital until an exit event. Liquidity is not guaranteed; it depends on marketplace demand and fund-specific rules.
Is WLTH audited and safe for retail investors?
WLTH has received a Hacken security audit score of 10/10, one of the highest ratings available from the leading blockchain security firm. Additional protections include two-factor authentication (2FA) on all accounts, Ledger hardware wallet support, and user fund insurance. Investors should always review fund-specific disclosures and risk factors before investing.
How does WLTH compare to Republic or StartEngine for non-accredited investors?
Republic and StartEngine operate primarily as US Reg CF / Reg A+ portals serving mostly early-stage companies, with US-focused regulatory frameworks and annual investment caps for non-accredited investors. WLTH operates a tokenized equity model focused on late-stage pre-IPO companies (SpaceX, xAI) with a $20 minimum, no US accreditation requirement for standard access, and an on-chain secondary marketplace for potential liquidity. The right choice depends on company stage preference, minimum ticket, jurisdiction, and whether you want crowdfunding or tokenized marketplace access.
What companies can I invest in as a non-accredited investor through WLTH?
WLTH offers tokenized pre-IPO slices in late-stage private companies including SpaceX, xAI, and other leading companies. Available opportunities are listed in the WLTH app at app.wlth.xyz/pre-ipo-access. Availability varies by jurisdiction and fund terms.
How do I start investing in pre-IPO companies on WLTH?
Create an account at app.wlth.xyz, complete KYC identity verification, enable 2FA, fund your account (minimum $20), browse pre-IPO opportunities, check eligibility for your jurisdiction, and invest. Your tokenized equity-backed slices appear in your portfolio and can potentially be listed on the WLTH marketplace when eligible.