SPCX tokens representing SpaceX stock will trade on Solana simultaneously with the company’s Nasdaq listing, enabling blockchain-based ownership.
SpaceX shares will become available as tokenized assets on the Solana blockchain the same day the company lists on Nasdaq. The SPCX token, issued by Backpack Securities, represents underlying SpaceX equity and can be redeemed for traditional shares through the brokerage platform.
The launch marks an effort to bridge traditional brokerage accounts with blockchain markets, allowing 24/7 trading outside standard market hours. Backpack and Sunrise, a tokenization infrastructure provider, aim to bring newly listed U.S. equities onchain from their first trading day.
SPCX holders will retain a direct redemption path to the underlying security, enabling conversions between tokens and traditional shares. The initiative reflects broader industry trends toward integrating equities with decentralized finance platforms.