PANews reported on June 7 that, according to an official announcement, Bybit has launched Bybit IPO Express, an on-chain US stock IPO subscription product. Bybit supports xStocks' partnership to launch a tokenized IPO subscription service for SpaceX, becoming one of the world's first centralized exchanges to offer tokenized IPO subscriptions at the primary market IPO pricing stage, further expanding the scenarios for on-chain stock asset trading.
Historically, opportunities for global investors to participate in high-profile IPOs have been limited by factors such as geographical location, brokerage thresholds, and quota restrictions, typically allowing investors to participate only after the IPO has taken place. Bybit IPO Express, through xStocks' compliant tokenization solution, opens up to eligible Bybit VIP and Pro users, enabling more non-institutional users to subscribe to IPO shares directly on Bybit for the first time without opening a traditional brokerage account. This breaks through geographical and cumbersome account opening procedures, providing a more convenient way to access popular global primary market assets.
In the future, the Bybit platform will continue to expand its on-chain US stock and RWA asset ecosystem, providing global users with more diversified on-chain investment opportunities.
SpaceX xStocks IPO subscription timeline:
- Registration period: June 7-11
- Subscription period: June 7-11
- Quota allocation phase: June 11-12
- Spot trading launched: June 12
The tokenized SpaceX shares will be fully backed by the xStocks issuer, pegged 1:1 to real equity, and comply with institutional-level compliance standards.
