Tokenization Gains Traction as SpaceX IPO Launches on Kraken
- The market for active tokenized real-world assets (RWAs) surged by 589% since early 2025, according to Binance Research.
- Tokenized stocks increased by 422%, while bonds and money market funds added $6.5 billion in value.
- Kraken launched tokenized access to the SpaceX IPO, allowing users in over 110 markets to buy shares through xStocks.
- SpaceX’s offering is expected to raise $75 billion, with demand reportedly oversubscribed by four times.
- Prediction markets generated $36.6 billion in volume, surpassing onchain gambling’s $14 billion for the first time.
- Sam Bankman-Fried has formally requested a pardon from President Trump amid ongoing legal challenges related to FTX’s collapse.
Despite a challenging crypto market, the growth of tokenized RWAs highlights increasing institutional adoption and diversification within the sector. The launch of SpaceX’s tokenized shares exemplifies this trend, reflecting strong investor interest ahead of its anticipated IPO.
With a reported oversubscription rate for SpaceX’s offering and prediction markets outpacing gambling volumes, the landscape for tokenization continues to evolve rapidly.Source
