Bybit and Kraken Expand Tokenized Equity Offerings with SpaceX IPO Access
Bybit and Kraken Expand Tokenized Equity Offerings with SpaceX IPO Access
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Bybit has announced a new product that offers tokenized access to the SpaceX IPO, building on the xStocks framework. This platform was originally acquired by Kraken through its purchase of Backed Finance, indicating a growing trend among crypto exchanges to bridge traditional financial assets with blockchain-based tokenization.
The product is built on Payward's xStocks framework, the tokenized equities platform Kraken acquired through its purchase of Backed Finance in late 2025.