NEAR Protocol has launched confidential pre-IPO futures trading for AI giant Anthropic, allowing traders to bet on Anthropic's valuation before its Nasdaq listing. The futures contract is available on the near.com platform, offering up to 10x leverage and featuring trading privacy as a key characteristic.

Anthropic's recent S-1 filing with the U.S. Securities and Exchange Commission (SEC) shows the company's revenue grew from $41 million in 2023 to $4.6 billion in 2025, reaching $16.3 billion in the first half of this year, and is projected to achieve its first operating profit in Q2 2026. Despite this, the first half of the year recorded a net accounting loss of $80.7 billion due to depreciation obligations.

Currently, the ANT contract price is stable at around $115, making it the first venue for the market to test Anthropic's valuation.