Bybit Follows Kraken in Offering Tokenized SpaceX IPO Access via xStocks
Bybit is now offering tokenized shares of SpaceX's upcoming IPO through the xStocks platform. This follows Kraken's similar offering, which was introduced after its acquisition of Backed Finance in late 2025.
Bybit has launched a new product that allows users to gain exposure to SpaceX's highly anticipated IPO through tokenized shares. The product is built on Payward's xStocks framework, the same tokenized equities platform Kraken acquired through its purchase of Backed Finance in late 2025.
This move by Bybit comes as SpaceX prepares for its IPO, which is expected to be one of the largest in recent years. Tokenized shares allow investors to trade fractional ownership of traditional stocks on blockchain-based platforms, making it easier for retail investors to participate in high-value IPOs.
For everyday investors, this development means greater access to high-profile IPOs without the need for large capital investments. Tokenized shares can be traded 24/7, providing more flexibility and liquidity compared to traditional stock markets. This could democratize access to high-growth companies like SpaceX.
Investors interested in SpaceX's IPO should watch for the official announcement of the IPO date and the terms of the offering. Bybit's xStocks platform will provide detailed information on how to participate once the IPO is live. Potential investors should also be aware of the regulatory environment surrounding tokenized securities, as this space is still evolving.
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