Bybit has introduced its IPO Express service to provide tokenized shares in the upcoming SpaceX public offering. The Dubai-based crypto exchange is the second to offer such access after Kraken. Eligible users worldwide can subscribe during a registration period from June 7 to 11.
Bybit's service allows retail investors to buy tokenized representations of SpaceX shares at the official IPO price. This differs from previous pre-IPO derivatives offered by other exchanges, which involved prediction markets rather than actual equity claims. The registration window runs from June 7 to 11, with allocations on June 11 and 12. Spot trading of the tokenized shares begins on June 12. SpaceX plans to raise $75 billion in the offering at a $1.75 trillion valuation. The initiative is powered by Payward Services' xStocks framework. Bybit stated that the launch marks a step in merging traditional capital markets with crypto infrastructure. It also highlighted extended trading hours and DeFi features for token holders. The company said cryptocurrency exchange users can now purchase shares at IPO pricing for the first time outside competitive secondary markets.
