SpaceX IPO scramble reveals difference between tokenizing a stock and getting one

Jun 13 2026 05:31 UTC - CryptoNews

SummaryBinance Wallet, Bybit and Bitget canceled SpaceX pre-IPO offerings after failing to secure shares through xStocks. The issue wasn't tokenization itself but getting access to

➤ Binance, Bybit, and Bitget canceled their SpaceX pre-IPO offerings due to Kraken's xStocks platform's inability to secure the underlying shares.

➤ The issue highlighted that tokenization is straightforward, but accessing the actual underlying asset is the primary challenge, especially when demand significantly outstrips supply.

➤ Despite the pre-IPO offering issues, tokenized SpaceX shares (SPCXX) were still launched on-chain, with other platforms like Ondo Finance and Dinari also releasing similar products post-market debut.

Read more at: https://rwatimes.io/articles/cryptonews-space-x-ipo-scramble-reveals-difference-between-tokenizing-a-stock-and-getting-one-1082391164?utm_source=binance