SpaceX stock is coming to Solana on the same day it lists on Nasdaq
The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets.
What to know:
- SpaceX shares will begin trading on Solana the same day the company lists on Nasdaq through a tokenized stock called SPCX, issued by Backpack Securities.
- SPCX can be redeemed for underlying SpaceX shares and transferred between traditional brokerages and Solana, highlighting a broader push by Sunrise and Backpack to bring U.S. stocks onchain.
The launch attempts to bring newly listed U.S. equities onchain from day one. Backpack says SPCX holders will have a direct redemption path to the underlying security.
SPCX will trade on Solana around the clock, including outside traditional market hours. The token can be held in self-custody wallets and traded across supported Solana-based venues.
The announcement comes as interest in tokenized real-world assets continues to grow across the crypto industry. Stablecoins have become one of blockchain’s most successful use cases, and several firms are now betting that equities could follow a similar path if tokenized shares can be made accessible to a global investor base.
