Bybit to Offer Tokenized SpaceX IPO Exposure to Retail Investors via xStocks Platform

Bybit opened registration for tokenized shares in SpaceX’s planned IPO on June 7. The Dubai-based exchange is the second crypto platform after Kraken to offer tokenized IPO access, and the first to let users buy at the official underwritten price rather than trade derivatives. Registration runs through June 11.

Allocations occur on June 11 and 12, the same days spot trading of the SpaceX token begins on Bybit. 75 trillion valuation on June 12. Bybit’s IPO Express service is powered by Payward Services’ xStocks platform.

Eligible retail investors worldwide can subscribe to tokenized representations of publicly traded equities through the exchange. -listed IPOs through tokenized shares. Earlier platforms including Binance, Bitget and Gate offered only pre-IPO derivatives that did not represent actual shares.

Bybit said the service gives cryptocurrency exchange users their first opportunity to purchase shares at IPO pricing outside the competitive secondary market. Holders of tokenized listed stocks can access extended trading hours, DeFi composability and crypto-native settlement on xStocks’ regulated blockchain. Bybit is the world’s second-largest crypto exchange by trading volume.

The launch, the exchange stated, marks a fundamental step in the convergence of traditional capital markets and crypto-native infrastructure.