Cryptocurrency exchange Bybit to open SpaceX tokenized IPO access

June 7 (Reuters) - Cryptocurrency ‌exchange Bybit ​said ​it will offer retail investors access to tokenized initial public offerings (IPOs) at the offering ‌price, starting with SpaceX as its first ⁠offering.

Here are some details:

• Bybit users via Payward's xStocks, a ‌tokenization platform, can subscribe ‌to tokenized representations of publicly traded equities.

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• For the SpaceX offering, registration and subscription will run ​from June 7 to June 11, 2026, with allocations to be finalised between June ⁠11 and June 12. Tokenized shares are expected to begin trading on ​Bybit’s spot market from June 12.

• Users will be able to purchase shares at ​IPO pricing bypassing secondary market ‌competition without the need to open or maintain traditional brokerage accounts.

• SpaceX, ⁠which began its roadshow last week, has drawn investor demand of about $150 billion for its IPO, about double ⁠the $75 billion it is seeking to raise, said two people ​familiar with the matter on Friday.

• Cryptocurrency exchange Kraken said this month it had opened SpaceX IPO access to ‌clients in more than 110 countries via xStocks.

• Wall Street is betting 2026 ‌could be a breakout year for the U.S. ⁠IPO market, underpinned by ‌a strong pipeline ​of high-profile private companies and pent-up demand for new listings.

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(Reporting by Preetika Parashuraman in ‌Bengaluru)

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