Cryptocurrency exchange Kraken has bridged digital asset infrastructure and traditional equity markets by launching a tokenized initial public offering (IPO) access program. The debut listing allows retail investors to gain exposure to Elon Musk’s highly anticipated SpaceX public offering through Kraken’s tokenized equities framework, xStocks.
Eligible users across the European Economic Area (EEA) and over 110 international markets can submit non-binding indications of interest exclusively via Kraken’s mobile application. Due to regulatory barriers, the product is unavailable in the United States, United Kingdom, Canada, and Australia.
Investors securing an allocation will receive SPCXx, a digital token backed 1:1 by underlying shares held by a regulated custodian. These assets provide pure price exposure with unique blockchain-native utility.
Tokens can be traded 24/7 on Kraken, continuing through weekends while traditional stock markets remain closed.
The assets can move seamlessly across compatible self-custodied wallets and Web3 apps.
Targeting an unprecedented $1.8 trillion valuation, the SpaceX IPO is slated for June 12, 2026. The move establishes crypto rails as a borderless, round-the-clock alternative to historically gated institutional investment channels.
