Bybit Launches On-Chain U.S. Equity IPO Subscription Product IPO Express; xStocks Tokenized IPO Debut Project SpaceX Goes Live Today

TechFlow News: On June 7, Bybit officially announced the launch of its on-chain U.S. equity IPO subscription product, Bybit IPO Express, in collaboration with xStocks to offer tokenized IPO subscription services for SpaceX. Bybit thus becomes one of the first centralized exchanges globally to provide tokenized IPO subscriptions at the primary-market IPO offering price stage, further expanding on-chain equity trading use cases.

Historically, global investors’ access to high-demand IPOs has often been constrained by geographic location, brokerage eligibility requirements, and allocation quotas—leaving them able to participate only after public listing. Bybit IPO Express, powered by xStocks’ compliant tokenization framework, is available to qualified Bybit VIP and Pro users, enabling non-institutional investors—for the first time—to directly subscribe to IPO-priced shares on Bybit without opening a traditional brokerage account. This breakthrough eliminates geographic barriers and cumbersome account-opening procedures, offering a more streamlined pathway to globally sought-after primary-market assets.

Looking ahead, Bybit will continue expanding its ecosystem of on-chain U.S. equities and real-world asset (RWA) offerings, delivering increasingly diversified on-chain investment opportunities to users worldwide.

SpaceX xStocks IPO Subscription Timeline:

• Registration Period: June 7–11
• Subscription Period: June 7–11
• Allocation Period: June 11–12
• Spot Trading Launch: June 12

The tokenized SpaceX shares issued by xStocks are fully backed 1:1 with underlying equity and meet institutional-grade compliance standards.