Bybit offers tokenized SpaceX IPO access

Crypto exchange Bybit has launched a new product allowing eligible VIP and Pro users to access tokenized SpaceX IPO shares. This offering, named IPO Express, utilizes the xStocks framework, previously developed by Backed Finance and adopted by Kraken. Users can commit USDC at an indicative price of $135, plus a 5% underwriting fee, with funds locked in USDC. This move provides an alternative investment avenue for users interested in the highly anticipated SpaceX IPO, which is expected to debut on Nasdaq on June 12.