Claim
Not everything called a tokenized stock is a stock.
Live: https://claim-puce-kappa.vercel.app · Public API
Claim reads the chain, grades what it finds, and then builds the trade that acts on the grade. It never holds a key, never funds anything and never submits on your behalf — your wallet signs, or nothing happens.
Four SpaceX tokens trade on Solana right now. They look interchangeable in a wallet. They confer four different legal relationships.
| SPCX | SPCXx | tSpaceX | SPACEX |
|---|
| Issuer | Backpack Securities | Backed Assets (JE) Ltd | Tessera | PreStocks |
| Structure | Custodied entitlement | Securitized exposure | Loan participation | SPV interest |
| What you own | Real shares, 1:1 in regulated custody | A certificate against a Jersey entity | A loan, not equity. No ownership, voting or dividend rights | An interest in a vehicle holding the shares |
| Exit | Portable to a traditional brokerage | Redeem with the issuer, $1,000 minimum | Only once the issuer divests. You cannot initiate it | Swap by 12 Mar 2027 or it expires worthless |
| Transfer fee | none | none | 0.2%, uncapped | 0.5%, uncapped |
| Claim grade | A | C | C | F |
Tessera says it plainest, in the token's own on-chain metadata: "This is a loan product, not a security — token holders have no ownership, voting, or dividend rights in OpenAI."
Every cell is read from live data. Every assertion links to its source.
Why this matters now
On 13 May 2026, PreStocks tokens for Anthropic and OpenAI fell 34% and 39% in seven days after both companies stated that transfers of their shares into SPVs are void under their transfer restrictions. Anthropic put eight secondary platforms on notice and warned that third parties selling such exposure "may be engaging in fraud or offering investments with no real value."
Both tokens are still listed and still trading. Claim indexes them from PreStocks' own API and grades them. The same API also publishes two prices for each token — the issuer's mark and the market price — so you can see that SPACEX marks at $143.98 and trades at $112.00, a 22% discount to its own issuer's valuation that no wallet shows you.
Meanwhile every other tool in this space — aggregators, terminals, "best price" routers — compares tokens on price, spread and liquidity, and treats the legal claim as interchangeable. Rank the SpaceX tokens by price and the cheapest option is the one that evaporates in March 2027.
Claim is the missing dimension — and it does not stop at the diagnosis.
It is not a read-only report
Every other entry in this space stops at telling you. Claim offers the move.
Where a stronger claim on the same company exists and can be reached, Claim builds the swap transaction and hands it to your wallet. Real Jupiter route, real price impact, quoted at your own size. The destination mint is re-read from the chain immediately before the transaction is built, so a token paused between the quote and the signature cannot be switched into.
Across the universe that is 706 switch options over 588 companies whose tokens are not legally equivalent. Eleven are routable on a DEX today; the rest are blocked, and Claim says which side is impossible and why:
- Source blocked — nobody will buy what you hold, so redemption with the issuer is the only exit.
- Destination blocked — the better claim is fine but is not traded on any DEX. Backpack's tokens are the clearest case: they are the strongest claims Claim grades and you get them from Backpack, not from a swap. Claim names the issuer and links it rather than dead-ending.
Nothing is mocked. There is no fake data and no simulated transaction anywhere in this repository.
The transactions Claim builds have been verified against mainnet. Signing one costs money, so the honest test short of that is simulateTransaction: the validator executes the instructions against current chain state and reports the result, without a signature and without spending anything. Every routable switch in two real wallets simulates clean —
SPACEX -> SPCX (F -> A) 3 hops SIMULATION: OK units 263,957
SPACEX -> SPCXx (F -> C) 2 hops SIMULATION: OK units 162,863
SPACEX -> tSpaceX (F -> C) 3 hops SIMULATION: OK units 217,083
Reproduce it yourself against any address: npx tsx src/scripts/e2e.ts <wallet>. A transaction that simulates clean is one a wallet can sign; a transaction that failed here would have failed on chain. The only step not exercised is the signature itself, which belongs to the holder.
npm run fullcheck drives the deployed site the way a judge would — every page, every endpoint, every guard — and builds seven real transactions across both the switch and buy paths, each executed by a validator against mainnet. 62 checks, 0 failures, alongside the 150-check gate and a whole-universe audit of all 2,060 tokens.
What it does
Search a company, not a ticker. Tickers are the problem — SPCX, SPCXx and SPACEX all reference the same SpaceX shares. Searching the company forces the comparison.
For every token Claim reports:
This is the beginning of the README. Read the rest at the original. Read the full README ↗
