Cryptocurrency exchange Bybit will offer retail investors access to tokenized SpaceX shares at the initial public offering price, bypassing traditional brokerage accounts. The offering comes as SpaceX's IPO has drawn about $150 billion in investor demand, roughly double the $75 billion it seeks to raise. Tokenized shares will begin trading on Bybit's spot market from June 12.
Cryptocurrency exchange Bybit will offer retail investors tokenized SpaceX shares at the IPO price, tapping into $150 billion in investor demand for the rocket company's public listing.
"Bybit users via Payward's xStocks, a tokenization platform, can subscribe to tokenized representations of publicly traded equities," Bybit said in a statement.
Registration and subscription will run from June 7 to June 11, with allocations to be finalized between June 11 and June 12. Tokenized shares are expected to begin trading on Bybit's spot market from June 12. Users can purchase shares at IPO pricing without needing to open or maintain traditional brokerage accounts.
SpaceX, which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, roughly double the $75 billion it is seeking to raise, according to two people familiar with the matter. Wall Street is betting 2026 could be a breakout year for US IPOs, underpinned by a strong pipeline of high-profile private companies and pent-up demand for new listings.
Cryptocurrency exchange Kraken said this month it had opened SpaceX IPO access to clients in more than 110 countries via xStocks, the same tokenization platform Bybit is using. The tokenized IPO model allows retail investors to participate in high-demand offerings typically reserved for institutional investors and ultra-high-net-worth individuals.
Bybit's move marks the latest effort by crypto exchanges to bridge traditional finance with digital asset platforms, offering users exposure to marquee assets without the friction of conventional brokerage accounts.
This article is for informational purposes only and does not constitute investment advice.
