Bybit has introduced IPO Express, a new on-chain equity offering product, and opened subscriptions for tokenized SpaceX shares through a partnership with xStocks. The offering gives users exposure to SpaceX equity via blockchain-based tokens, with spot trading expected to begin on June 12. According to Bybit, the tokenized shares are fully backed by xStocks issuers and maintain a 1:1 linkage to the underlying equity exposure. Market participants will be watching adoption levels and liquidity once trading starts.
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