Bybit Launches Tokenized IPO Service for SpaceX Listing
- Bybit introduces its tokenized IPO service, allowing retail investors to buy shares of SpaceX.
- The registration period for the SpaceX IPO is from June 7 to June 11, with trading starting on June 12.
- SpaceX’s IPO aims for a valuation of $1.75 trillion, making it one of the largest in history at $75 billion.
- Bybit follows Kraken as the second crypto exchange to offer tokenized initial public offerings.
- Investors can access extended trading hours and DeFi features through xStocks’ regulated blockchain.
Bybit’s new service aims to democratize access to IPOs that were traditionally available only to institutional investors and select clients. This move signifies a growing trend of integrating traditional capital markets with cryptocurrency infrastructure.
With SpaceX’s anticipated $75 billion IPO, Bybit enables users to purchase shares at IPO pricing for the first time outside competitive secondary markets.(Source)
