Cryptocurrency exchange Bybit said it will provide retail investors with the opportunity to participate in a tokenized initial public offering (IPO) at the issue price, and the first phase will launch SpaceX’s tokenized IPO. The specific details are as follows: Bybit users can subscribe for tokenized shares of publicly traded stocks through xStocks of the tokenization platform Payward.
For the SpaceX issuance, registration and subscription will take place from June 7 to June 11, 2026, and quota allocation will be finalized from June 11 to June 12. The tokenized shares are expected to begin trading on Bybit’s spot market starting June 12.
Users will be able to purchase shares at IPO pricing, thereby avoiding competition in the secondary market, and without the need to open or maintain traditional securities accounts.
SpaceX's IPO, which launched a road show last week, has attracted about $150 billion in investor demand, about twice the $75 billion it plans to raise.
Cryptocurrency exchange Kraken said this month that it has opened subscription channels for the SpaceX IPO to customers in more than 110 countries through the xStocks platform.
Wall Street is betting that 2026 could be a breakout year for the U.S. IPO market, fueled by a slew of high-profile private company reserves and pent-up demand for new listings.