Kraken Blog/
SpaceX IPO access now available via xStocks
Kraken has launched xStocks, a tokenized equities framework allowing eligible customers in over 110 regions to participate in the SpaceX IPO via SPCXx, a 1:1 backed tokenized representation of SpaceX equity. The asset will be tradable 24/7 on Kraken and compatible DeFi venues, bypassing traditional brokerage hours.
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Why It Matters
It introduces a crypto-native method for retail investors to access high-profile IPOs and provides continuous liquidity for tokenized equities, potentially bridging traditional finance and DeFi.