Global Access to SpaceX IPO Through xStocks Now Available
SpaceX IPO access now available via xStocks
Image: Kraken Blog
Eligible Kraken customers in over 110 regions, including the European Economic Area, can now participate in SpaceX's IPO through xStocks, receiving a tokenized representation of equity called SPCXx. This allows for continuous trading, even during weekends, marking a significant shift in IPO access for retail investors worldwide.
- 01Eligible investors can submit a non-binding interest for SPCXx, a tokenized representation of SpaceX equity.
- 02SPCXx will be tradable 24/7 on Kraken and other xStocks platforms, unlike traditional brokerages that close on weekends.
- 03The xStocks framework aims to democratize access to IPOs, allowing participation from over 110 countries.
- 04Arjun Sethi, Co-CEO of Payward, emphasizes that this system removes barriers traditionally associated with IPO investments.
- 05Future listings of additional IPOs are planned as part of xStocks' initiative to enhance global market accessibility.
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SpaceX's highly anticipated initial public offering (IPO) is now accessible to eligible Kraken customers in more than 110 regions, including the European Economic Area, through the xStocks platform. Investors can submit a non-binding indication of interest to purchase SPCXx, a tokenized representation of SpaceX equity, which will enable them to trade continuously, even during weekends. This represents a significant shift in how retail investors can access IPOs, traditionally dominated by institutional participants. The xStocks framework, powered by Payward Services, ensures that each tokenized asset is backed 1:1 by actual shares, held by a regulated entity. This innovation allows for a more global, accessible capital market that operates 24/7, breaking down geographic barriers. As part of its broader mission, xStocks plans to list additional IPOs in the future, further enhancing opportunities for investors worldwide to participate alongside institutions from the outset of public listings.
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The introduction of SPCXx allows global retail investors to participate in high-profile IPOs like SpaceX, which was previously limited to institutional investors.
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