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xStocks is a tokenized stock issuance platform. All xStocks tokens are freely transferable. They can be used in lending agreements, DEX or any DeFi application. Powered by Backed.
Binance Wallet Launches SpaceX Tokenized Stock Subscription Campaign, Users with 200 Alpha Points Can Get 500,000 Staking Quota
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
Bitget Wallet Opens SpaceX Tokenized IPO Subscription—$10 Minimum Investment, No Threshold
Bitget Wallet has opened the first subscription for SpaceX’s tokenized IPO stock, SPCXx, with a total quota of $3 million. The minimum subscription amount is $10 per user, and the maximum per user is $5,000—on a first-come, first-served basis. SPCXx is issued by xStocks, a tokenized stock trading platform. The subscription price is $135, and underwriters will charge an additional 5% fee. Subscriptions open at 4:00 PM Beijing Time on June 9 and close at 4:00 PM Beijing Time on June 11. Upon completion of the subscription period, SPCXx tokens will be automatically sent to users’ wallets, with distribution expected to be finalized by 8:30 PM Beijing Time on June 12. This subscription requires no overseas brokerage or exchange accounts, VIP tier, or holding prerequisites. Users may pay directly using stablecoins—including USDT and USDC—on Base, Ethereum, BNB Chain, Solana, and TRON. The SpaceX tokenized IPO operates via xStocks—a collaboration between Bitget Wallet and Backed. The tokenized stocks issued are fully backed 1:1 by underlying assets held by Backed. Note that the $135 subscription price is not the final fixed issuance price; the final IPO price will be determined by the issuer and underwriters based on a comprehensive assessment of order book demand, market conditions, and valuation factors. During the subscription period, users typically see only a reference price.
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
Bitget Wallet Integrates xStocks and Launches Tiered Trading Campaign with $100,000 Total Prize Pool
Bitget Wallet has announced the completion of its RWA trading upgrade and integrated xStocks as a new source of tokenized stocks, providing users with global tokenized stock trading capabilities. From May 19 to June 14 (Beijing time), Bitget Wallet users who complete tiered trading tasks can receive up to $264 in rewards, with a total prize pool of $100,000. Additionally, users who hold, add liquidity to, or participate in the lending market for any xStocks token will receive a 20% exclusive xPoints bonus.Through this upgrade, users can now trade over 300 types of RWA tokens across Ethereum, Solana, and BNB Chain, covering various assets such as US stocks, ETFs, oil, precious metals, and country indices. The service supports 24/7 trading, low transaction fees, and gas-free execution, with trading starting from $0 and no minimum threshold requirement. Currently, Bitget Wallet supports a dual RFQ + AMM trading mechanism, enabling instant execution and effectively reducing spread slippage. It has also integrated AI market signals to assist in trading decisions.xStocks is developed in collaboration between Kraken and Backed. Its tokenized stock products adopt a 1:1 full collateral mechanism with underlying assets. Since its launch in June 2025, the platform has processed a cumulative trading volume exceeding $30 billion. This integration will further advance Bitget Wallet's "Everyday Finance, Onchain" strategy, aiming to enable users to conduct daily trading of traditional financial assets through on-chain wallets, breaking down the geographical and entry barriers imposed by traditional financial infrastructure.
OKX Star: X Layer will soon launch U.S. stock tokens for xStocks
According to an X post, Star, founder and CEO of OKX, stated: “Tokenized stocks are one of the most important use cases for RWAs. We expect to see xStocks on X Layer soon—bringing global equities on-chain and expanding access to capital markets.” It is reported that X Layer has previously entered a strategic partnership with xStocks, a regulated tokenized stock issuance platform; xStocks-related assets will be gradually integrated into the X Layer ecosystem and OKX Wallet. Star believes that access to global markets should be as open as access to information.
Kraken to Open U.S. IPO Offering Price Subscription to Global Retail Investors via xStocks
According to The Block, Payward—the parent company of Kraken—announced that it will open up access to IPO offering-price subscriptions for U.S. publicly traded companies to Kraken users and select partner platform users via the xStocks framework in the coming weeks. Users may submit non-binding subscription indications prior to listing; Payward will aggregate demand and coordinate with underwriting syndicates to allocate tokenized shares at the offering price on the listing day. These stock tokens are fully backed 1:1 by the underlying equities held in custody by regulated entities and are tradable across blockchains including Ethereum, Solana, and TON. Payward stated that it plans to expand into additional markets and onboard more partners to the xStocks Alliance in the future.
Kraken to Open US Stock IPO Subscription to Global Retail Investors via xStocks
xStocks, a framework under Kraken parent company Payward, will launch services allowing users on Kraken and partner platforms to participate in US stock IPOs at the offering price. Users will receive on-chain tokenized shares with a 1:1 correspondence to the underlying stock, which will be held by regulated custodians.Users can submit non-binding subscription intentions via partner platforms weeks before the IPO. Payward aggregates demand, coordinates with the underwriting syndicate for share allocation, and completes pricing, allocation, and token issuance on the listing date. xStocks tokens will be tradable across multiple blockchains including Ethereum, Solana, and TON, and can be integrated with DeFi protocols. (The Block)
X Layer and xStocks Forge Strategic Partnership, OKX Wallet to Integrate Tokenized Stock Assets
Odaily reports, according to official sources, X Layer has entered into a strategic partnership with xStocks, a regulated tokenized stock issuance platform. Together, they will promote the integration of tokenized stock assets into the X Layer ecosystem and make related trading services accessible to OKX Wallet users. In the future, users will be able to trade xStocks-related assets 24/7 within the OKX Wallet, benefiting from the settlement, liquidity, and distribution capabilities provided by X Layer. The two parties will also launch a fast-listing mechanism to accelerate the tokenization and trading circulation of popular stocks and thematic ETFs within a compliant framework.It is reported that X Layer is committed to building on-chain infrastructure for financial assets, covering key areas such as settlement, liquidity, and distribution. xStocks has previously facilitated over $31 billion in cumulative tokenized stock trading volume and has become the first major issuer to commit to providing asset depth on X Layer, driving the expansion of tokenized stock scale.
SPCXX Now Live on Bybit Spot, Launching 200,000 USDT Trading Competition
Bybit Spot has officially listed xStocks tokenized stock SPCXX on June 13 (UTC+8). The platform simultaneously launched a 200,000 USDT Token Splash trading competition, where users can participate through deposits, trading, and other activities to win substantial rewards.
Bybit: Full Refund for SpaceX IPO Subscriptions, Users to Receive 10% Annualized Reward
Bybit stated on X platform that due to xStocks' inability to deliver the underlying assets and its failure to secure SpaceX shares, users who have subscribed through the platform will not receive any SpaceX allocation. All subscription funds will be automatically returned to the original funding accounts without any action required from users. Refund details can be viewed on the IPO Express page.As a token of appreciation for users' patience and support, eligible participants will also receive an additional reward, calculated at a 10% annualized interest rate for a fixed term of 4 days. The reward will be automatically credited to user accounts.
Kraken Official: SpaceX Pre-IPO Quota Insufficiency Leads to Partial Order Fulfillment; Equity and Tokenized SPCXx Trading Launched Today
Nata, an official from Kraken, stated on the X platform that Kraken did not receive the expected Pre-IPO quota from SpaceX's underwriters, resulting in only partial fulfillment of customer orders today. Unfulfilled portions will be fully refunded with no fees charged.Today, Kraken launched trading of SpaceX equity and tokenized SpaceX (SPCXx) for eligible clients on its platform. Demand for SpaceX Pre-IPO access on xStocks has been extremely high. IPO quotas are entirely determined by the issuer's underwriters, and global demand for this issuance has been exceptionally strong.Payward is well-positioned to secure IPO quotas, having attracted over $1 billion in Pre-IPO demand during the week before the listing. Clients will be notified in the coming weeks about opportunities to participate in future IPO Access offerings. Following SpaceX's public listing, Kraken will list SpaceX equity and xStock for eligible clients today. xStocks remains the only platform offering continuous trading of tokenized SpaceX, with trading also available during the first post-listing weekend.
Binance Wallet Launches SpaceX Tokenized Stock Subscription Campaign, Users with 200 Alpha Points Can Get 500,000 Staking Quota
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
Bybit Launches On-Chain U.S. Equity IPO Subscription Product IPO Express; xStocks Tokenized IPO Debut Project SpaceX Goes Live Today
According to an official announcement, Bybit today officially launched its on-chain U.S. IPO subscription product, Bybit IPO Express, in collaboration with xStocks to offer tokenized IPO subscription services for SpaceX. Bybit thus becomes one of the world’s first centralized exchanges to provide tokenized IPO subscriptions at the primary-market IPO offering-price stage, further expanding on-chain equity asset trading use cases.
Kraken Launches IPO Access Application Portal for SpaceX
According to an official announcement, Kraken has listed the SpaceX-related security SPCXx via xStocks and opened the IPO Access subscription portal within the Kraken App. Users can view the price range, review relevant details, and submit subscription indications before the subscription window closes.
Related news
SPCXX Now Live on Bybit Spot, Launching 200,000 USDT Trading Competition
Bybit Spot has officially listed xStocks tokenized stock SPCXX on June 13 (UTC+8). The platform simultaneously launched a 200,000 USDT Token Splash trading competition, where users can participate through deposits, trading, and other activities to win substantial rewards.
Bybit: Full Refund for SpaceX IPO Subscriptions, Users to Receive 10% Annualized Reward
Bybit stated on X platform that due to xStocks' inability to deliver the underlying assets and its failure to secure SpaceX shares, users who have subscribed through the platform will not receive any SpaceX allocation. All subscription funds will be automatically returned to the original funding accounts without any action required from users. Refund details can be viewed on the IPO Express page.As a token of appreciation for users' patience and support, eligible participants will also receive an additional reward, calculated at a 10% annualized interest rate for a fixed term of 4 days. The reward will be automatically credited to user accounts.
Kraken Official: SpaceX Pre-IPO Quota Insufficiency Leads to Partial Order Fulfillment; Equity and Tokenized SPCXx Trading Launched Today
Nata, an official from Kraken, stated on the X platform that Kraken did not receive the expected Pre-IPO quota from SpaceX's underwriters, resulting in only partial fulfillment of customer orders today. Unfulfilled portions will be fully refunded with no fees charged.Today, Kraken launched trading of SpaceX equity and tokenized SpaceX (SPCXx) for eligible clients on its platform. Demand for SpaceX Pre-IPO access on xStocks has been extremely high. IPO quotas are entirely determined by the issuer's underwriters, and global demand for this issuance has been exceptionally strong.Payward is well-positioned to secure IPO quotas, having attracted over $1 billion in Pre-IPO demand during the week before the listing. Clients will be notified in the coming weeks about opportunities to participate in future IPO Access offerings. Following SpaceX's public listing, Kraken will list SpaceX equity and xStock for eligible clients today. xStocks remains the only platform offering continuous trading of tokenized SpaceX, with trading also available during the first post-listing weekend.
Kraken Employees Disclose That the SPCX Subscription Quota for the Kraken xStocks Platform Has Been Significantly Reduced
Kraken employee Nata posted that the subscription quota for SpaceX tokenized stock (SPCX) on the xStocks platform was “far, far less than expected—significantly reduced,” adding, “Hedging canceled.”
Binance Wallet Launches SpaceX Tokenized Stock Subscription Campaign, Users with 200 Alpha Points Can Get 500,000 Staking Quota
that, according to an official announcement, Binance Wallet will launch the SPCXx IPO Campaign, offering eligible users the opportunity to subscribe to tokenized SpaceX shares through xStocks. The subscription window is from 16:30 to 12:00 (UTC+8) on June 11 to June 12.The announcement indicates that the subscription target is the SpaceX tokenized stock SPCXx, with an indicative price of 135 USDC per share, corresponding to an implied valuation of approximately $1.75 trillion. Subscriptions are supported in USDC, with a minimum subscription amount of 100 USDC, and a 5% underwriting service fee will be charged.This event employs a Binance Wallet Alpha Points interval quota mechanism, where users with Alpha Points greater than 0, 40, 100, and 200 can obtain corresponding staking quotas of 20,000, 100,000, 200,000, and 500,000, respectively. Users with successful subscriptions will receive the SPCXx token after the issuance is completed.Binance stated that SPCXx does not represent direct ownership of SpaceX shares. Holders do not have shareholder rights such as voting rights or dividend rights, and a subscription application does not guarantee final allocation.
OKX DEX Stock Token Trading Fee Waived for a Limited Time, xStocks Trading Competition Launched Simultaneously
: According to official sources, OKX DEX will temporarily waive service fees for stock token trading on its platform starting today. Users trading stock tokens on OKX DEX will enjoy zero service fees across all trading scenarios, including the App, web, and browser extension.At the same time, OKX will also launch the xStocks Trading Competition. From now until June 24, 2026, 18:00 (GMT+8), users trading xStocks-related trading pairs, such as various stock tokens like TSLAx and AAPLx, can participate in the ranking based on their cumulative trading volume. The top 5,000 traders will receive rewards, with a total prize pool of 300,000 USDC.