Tokenized SpaceX Shares (SPCX) to Trade on Solana on Nasdaq Listing Day
SpaceX shares will begin trading on Solana as a tokenized stock called SPCX, issued by Backpack Securities, on the same day the company is expected to list on Nasdaq. The token represents ownership of underlying SpaceX shares and can be redeemed through Backpack's brokerage platform, creating a bridge between traditional brokerages and blockchain markets. This launch aims to bring newly listed U.S. equities onchain from day one, with SPCX trading 24/7 on Solana, including outside regular market hours. The token can be held in self-custody wallets and traded on supported Solana-based venues. This initiative highlights growing interest in tokenized real-world assets, following the success of stablecoins. Backpack CEO Armani Ferrante emphasized the goal of making securities portable across financial systems. Whether demand for tokenized equities will reach stablecoin-like scale remains uncertain.
Key facts
- Tokenized SpaceX shares (SPCX) to launch on Solana same day as Nasdaq listing.
- SPCX issued by Backpack Securities, redeemable for underlying SpaceX shares.
- Enables 24/7 trading on Solana, bridging traditional brokerages and blockchain.
- Held in self-custody wallets, tradable across supported Solana venues.
- Part of broader push to bring U.S. equities onchain from day one.