Bybit Launches SpaceX Tokenized IPO Through New IPO Express Platform

SPCX1.46%
According to Bybit, the exchange has launched IPO Express, a new product allowing eligible retail users to subscribe to tokenized representations of public offerings at IPO pricing directly through crypto exchange accounts. SpaceX will be the first offering, with tokenized shares becoming tradable on Bybit Spot following allocation. The platform is powered by xStocks, a tokenization framework developed by Payward Services, combining tokenized equities infrastructure with crypto exchange settlement. Emily Bao, Head of Spot at Bybit, stated the launch marks the exchange's expansion beyond crypto trading, enabling customers globally to invest in U.S.-listed IPOs at offering prices alongside institutional investors.
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