SpaceX Shares to Trade on Solana Concurrently with Nasdaq Listing
- SpaceX (SPCX) shares will start trading on the Solana blockchain on the same day they list on Nasdaq.
- The tokenized version, SPCX, is issued by Backpack Securities and represents ownership of actual SpaceX shares.
- SPCX holders can redeem their tokens for underlying shares via Backpack’s brokerage platform.
- The trading will occur around the clock, including outside traditional market hours.
- This initiative aims to bridge traditional brokerage accounts and blockchain markets, enhancing access to U.S. capital markets.
The launch of SPCX reflects growing interest in tokenized real-world assets within the crypto industry, as firms explore ways to make equities accessible globally. Advocates believe that this could enable continuous trading and expand market access.
With SPCX trading available on Solana, investors can engage with these tokenized equities from day one of their Nasdaq listing, potentially transforming how stocks are traded.(Source)
