SpaceX IPO powers record $3.86 billion in tokenized equities trading in June SpaceX tokens captured $1.19 billion, or 31% of total monthly volume, with Backpack’s SPCX leading trading at $1.08 billion. – Onchain tokenized-equity volume surged 145% in June to a record $3.86…
llion, heavily driven by interest in tokenized SpaceX (SPCX) shares. – SpaceX tokens captured $1.19 billion, or 31% of total monthly volume, with Backpack’s SPCX leading trading at $1.08 billion. – The sector hit a record $1.53 billion market cap in June, marking 15 consecutive months of growth following SpaceX’s massive $75 billion IPO. Tokenized equities posted record trading activity in June as investors piled into blockchain-based versions of SpaceX (SPCX) stock following the aerospace company’s blockbuster initial public offering
On-chain trading volume climbed 145% from May to $3.86 billion, according to CoinDesk Data’s latest Stablecoins & Tokenized Assets report. Tokenized SpaceX shares accounted for $1.19 billion of the total, or about 31% of all tokenized equity trading during the month. The surge followed SpaceX’s $75 billion IPO, the largest on record, which valued the company at roughly $1.8 trillion on a fully diluted basis.
Backpack Securities’ SPCX token was the most popular tokenized version of the stock, with $1.08 billion in onchain trading volume, followed by xStocks’ SPCXx, which reached $852 million. The figures point to a change in what is driving demand for tokenized equities. Established names like Nvidia, Tesla, SPY and QQQ remained actively traded, but none matched the interest in SpaceX.