Solana (CRYPTO: SOL) Foundation President Lily Liu said on Thursday that tokenized shares of SpaceX will be available on the blockchain as soon as the company lists publicly elsewhere.
Solana Set To Welcome SpaceX
During an interview with CNBC, Liu said that the shares will be “globally” accessible via tokenization platforms, including Ondo Finance (CRYPTO: ONDO), xStocks and Sunrise.
Ondo Finance confirmed the asset will be called SPCXon. More than 200 assets, including “Mag 7 stocks” such as Nvidia Corp. (NASDAQ:NVDA) and Microsoft Corp. (NASDAQ:MSFT), are already available on Ondo’s tokenized platform.
Note that the platform is not currently available in the U.S.
xStocks also announced that the cryptocurrency derivative of SpaceX will be available for trading on the Solana-based decentralized exchange, Trojan Trading.
xStocks are tokenized equities providing price exposure, but not direct ownership. Like Ondo Finance, they are not available in the U.S.
Similarly, Backpack Securities teased the launch of SPCX, a tokenized version of SpaceX equity, on the Solana-based decentralized finance platform, Sunrise.
SpaceX For Crypto Crowd
Competition is intensifying to make SpaceX's IPO available to cryptocurrency enthusiasts. Last week, cryptocurrency exchange Bybit announced a similar tokenized offering.
But that’s not all. Perpetual futures have also been launched that allow eligible traders to speculate on SpaceX’s implied valuation and expected share price before its IPO. These pre-IPO instruments have been introduced by cryptocurrency exchanges, including Coinbase, Binance and Hyperliquid.
The anticipation builds as SpaceX prepares to launch its highly anticipated initial public offering on Friday. The space giant is reportedly aiming to raise $75 billion and value the company at roughly $1.77 trillion.
Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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