According to CoinMeta, Wu said that the Anthropic tokenized asset ( AnthropicUSDT ) launched on the perpetual contract section of Binance has seen recent active trading, with prices fluctuating in the range of $1,600 to $1,842. The contract is set with a benchmark estimated total share capital of 1 billion shares, which calculates an implied valuation of Anthropic in the pre-market derivatives market to be around $1.6 trillion to $1.84 trillion (the actual total share capital will be determined by the official IPO prospectus). In the traditional primary market, Anthropic completed a $65 billion Series H round of financing in May 2026, with a post-investment valuation of $965 billion. Currently, the pricing in the crypto pre-market is about 65% to 88% higher than the latest primary market valuation, which is roughly in line with the Wall Street investment banks' expected range of $1.5 trillion to $2 trillion for this asset.