SpaceX Exposure Comes To Bybit Through New Tokenized Product – Details
Bybit’s new IPO Express lets eligible users subscribe to tokenized IPO shares, starting with SpaceX under ticker SPCX. If the final offering price is within 20% of the indicative price, any allocation is automatically executed without extra confirmation. The tokens are backed 1:1 by SpaceX equity held in regulated custody through Payward’s xStocks infrastructure, but they do not give voting rights, dividends, or legal ownership in SpaceX. Access is limited to KYC-verified VIP or PRO users, and residents of the EEA are excluded because Bybit lacks MiCA or other EEA authorization for the product. Funds are locked until results are announced, or up to five business days if cancelled. Bybit says the program is meant to expand to future IPOs as well.
