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SpaceX IPO Tests the “Stock Tokenization” Path in Crypto Markets: Perpetual Futures Pricing Proves Effective, but Spot Token Issuance Stalls

Source: www.bloomberg.com
According to Bloomberg, as SpaceX prepares what is being called the largest initial public offering (IPO) in history, the cryptocurrency industry faces a critical test of the feasibility of tokenizing and trading private company equity on-chain. Perpetual futures tied to SpaceX had already accurately reflected market sentiment several days before the Nasdaq opening—and ultimately converged within the actual stock trading range.

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