SpaceX will make history with its highly anticipated IPO, bringing trading to both Nasdaq and blockchain platforms.
Speaking on CNBC, Solana Foundation President Lily Liu said that tokenized SpaceX shares will be available on the Solana network as soon as the stock becomes available in traditional markets. Industry leaders view the move as a major step toward making financial markets more accessible through blockchain technology.
According to Liu, finance should be available globally and continuously, not limited by market hours or geography.
“As soon as SpaceX is available anywhere, you can get it on Solana, on the internet,” Liu said.
She explained that tokenized versions of SpaceX stock will be available on platforms including Ondo Finance, xStocks, and Sunrise, allowing users worldwide to gain exposure via blockchain networks.
Liu added that crypto is increasingly becoming financial infrastructure rather than just a speculative asset class. “These tokens represent a global infrastructure network where its whole purpose is to make finance accessible to everybody,” she said.
SpaceX is expected to price its IPO at $135 per share, valuing the company at roughly $1.75 trillion. The stock will trade under the ticker SPCX on Nasdaq.
At the same time, tokenized versions of SpaceX shares will launch on Solana through platforms including Backpack Securities and Sunrise DeFi. According to Solana, Backpack Securities backs every SPCX token with a real SpaceX share and offers 1:1 redemption.
This means investors will be able to gain exposure to SpaceX stock directly. On-chain, while benefiting from 24/7 trading, which traditional stock markets cannot offer.
Liu stressed that blockchain is becoming more than just a home for crypto assets. She described Solana as a financial infrastructure that can provide global access to markets for anyone with an internet connection.
With 5.5 billion internet users worldwide, tokenized stocks could expand access to assets beyond traditional market hours, geographic barriers, and brokerage restrictions.
CoinPedia has been delivering accurate and timely cryptocurrency and blockchain updates since 2017. All content is created by our expert panel of analysts and journalists, following strict Editorial Guidelines based on E-E-A-T (Experience, Expertise, Authoritativeness, Trustworthiness). Every article is fact-checked against reputable sources to ensure accuracy, transparency, and reliability. Our review policy guarantees unbiased evaluations when recommending exchanges, platforms, or tools. We strive to provide timely updates about everything crypto & blockchain, right from startups to industry majors.
All opinions and insights shared represent the author's own views on current market conditions. Please do your own research before making investment decisions. Neither the writer nor the publication assumes responsibility for your financial choices.
Sponsored content and affiliate links may appear on our site. Advertisements are marked clearly, and our editorial content remains entirely independent from our ad partners.
The XRP Ledger is gaining fresh attention as Ripple expands its work with traditional finance,…
Crypto markets are facing slower activity as capital moves toward artificial intelligence, while tighter liquidity…
Latest findings show that 88% of enterprises say they will adopt stablecoin payments within twelve…
The UNI price just did something that had not happened in years, it slipped below…
BGB price isn’t exactly giving investors much to get excited about. The token has been…
Oil is the wildcard, and July CPI is about to decide whether the market gets…
