Anthropic’s on-chain pre-IPO market value jumps to $1.2 trillion, overtakes OpenAI for the first time

Anthropic’s tokenized pre‑IPO shares now imply a $1.2T valuation—above OpenAI—showing how on‑chain markets are front‑running late‑stage AI pricing before any IPO. In February 2026, Anthropic closed a Series G round at a $380 billion post-money valuation, led by GIC and Coatue, already…