Bybit Launches On-Chain US Stock IPO Subscription Product IPO Express, Listing xStocks Tokenized IPO Debut Project SpaceX Today

Odaily Planet Daily News According to official sources, Bybit today officially announced the launch of its on-chain US stock IPO subscription product, Bybit IPO Express. Supporting the SpaceX tokenized IPO subscription service launched in collaboration with xStocks, Bybit becomes one of the first centralized exchanges globally to offer tokenized IPO subscriptions at the primary market IPO offering price stage, further expanding the trading landscape for on-chain equity assets.

Historically, global investors' opportunities to participate in high-demand IPOs have often been limited by factors such as geographical location, broker access thresholds, and quota restrictions. Investors typically could only participate after the public listing. Bybit IPO Express, through xStocks' compliant tokenization solution, opens access to eligible Bybit VIP and Pro users, enabling more non-institutional users to directly subscribe to IPO-priced stocks on Bybit for the first time. This eliminates the need to open traditional brokerage accounts and overcomes limitations such as geographical barriers and cumbersome account opening procedures, providing a more convenient way to access sought-after global primary market assets.

In the future, the Bybit platform will continue to expand its on-chain US stock and RWA (Real World Asset) ecosystem, offering global users more diversified on-chain investment opportunities.

SpaceX xStocks IPO Subscription Timeline:

- Registration Period: June 7-11

- Subscription Period: June 7-11

- Quota Allocation Phase: June 11-12

- Spot Trading Launch: June 12

The tokenized SpaceX shares will be fully cash-backed by the xStocks issuer, pegged 1:1 to the actual equity, meeting institutional-grade compliance standards.