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      Jio Platforms Launches Crypto Futures Ahead of Major IPO

      Jio Platforms, a subsidiary of Reliance Industries, is making waves in the cryptocurrency market ahead of its anticipated initial public offering (IPO) in India. The company has introduced a synthetic futures contract called JIOUSDT on the Bitget exchange, allowing traders to speculate on its expected market valuation prior to its official listing on Indian exchanges. This innovative trading instrument was launched on October 14, 2026, just days before what is projected to be India's largest IPO.

      The JIOUSDT contract offers traders a chance to leverage their positions up to 20 times, providing a high-risk, high-reward opportunity. However, it is important to note that holding this contract does not confer any ownership rights in Jio Platforms, meaning traders will not receive dividends or voting rights. The IPO aims to raise approximately ₹30,200 crore (around $3.1 billion) by issuing up to 270 million shares, with a price range set between ₹1,065 and ₹1,119 per share. Public subscription is scheduled from October 21 to 23, 2026, with shares expected to list on the Bombay Stock Exchange and the National Stock Exchange on October 28.

      This development marks a significant first for the Indian market, as similar crypto-native pre-IPO contracts have previously emerged around major technology listings in the United States. The introduction of JIOUSDT provides a continuous, tradable signal of market sentiment leading up to the IPO, contrasting with traditional methods of gauging demand such as bookbuilding and analyst reports. The performance of JIOUSDT will be closely monitored, as it could indicate investor expectations for Jio Platforms' debut in the stock market.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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