Stocks7.05d ago
Bybit and Kraken Add xStocks SpaceX Tokenized Equity as Pre
◆ AI SignalStocksGemini
Bybit and Kraken have expanded their offerings by launching 1:1 equity-backed SpaceX exposure through the xStocks platform. This development marks a significant shift in the RWA market, as these exchanges join Coinbase International and BitMEX in a competitive race to provide retail access to pre-IPO assets. The market is currently bifurcated between two distinct approaches: synthetic perpetual contracts and regulated tokenized equity issued by Backed Assets (JE) Limited. By integrating these tokenized products, major centralized exchanges are bridging the gap between traditional private equity and decentralized finance infrastructure. This trend highlights a growing institutional and retail appetite for fractionalized ownership of high-profile, non-public companies. As more venues adopt these mechanisms, the liquidity and accessibility of pre-IPO shares are expected to increase substantially. Ultimately, this expansion signals a maturing RWA landscape where regulated tokenization is becoming a standard feature for global crypto trading platforms.
Key points
- ▸Bybit and Kraken launched 1:1 SpaceX exposure via the xStocks platform.
- ▸Four major exchanges now offer SpaceX exposure: Bybit, Kraken, Coinbase, and BitMEX.
- ▸Market offerings split between synthetic perpetuals and Backed Assets (JE) Limited tokens.
- ▸Tokenized equity provides retail investors access to previously restricted pre-IPO assets.
Background
xStocks is a platform designed to facilitate the tokenization of traditional equity, allowing for fractional ownership of private company shares. Backed Assets (JE) Limited specializes in issuing regulated, fully collateralized tokenized securities that track the value of underlying real-world assets. These protocols enable blockchain-based trading of traditional financial instruments by ensuring legal compliance and 1:1 asset backing.
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Relevance
7/10
#SpaceX#xStocks#TokenizedEquity#Bybit#Kraken