TechFlow News: On June 10, Bitget Wallet announced on X that its tokenized SpaceX IPO stock—SPCXx—sold out within 30 minutes of launch yesterday, with total subscription volume reaching $13 million. Bitget Wallet plans to expand its offerings to include tokenized subscriptions for additional U.S. IPOs, providing users with on-chain access to globally popular assets.
Bitget Wallet will complete SPCXx token distribution before 24:00 Beijing Time on June 12. After subscription, users must promptly return to the subscription page to monitor SpaceX’s final IPO offering price. The final offering price will be determined jointly by the issuer and underwriters based on order book demand, market conditions, and valuation considerations. If the final offering price does not exceed the indicative price by more than 20%, subscribed shares will be automatically confirmed at the final price.
Bitget Wallet stated that this subscription demonstrates strong user demand for tokenized U.S. IPO-related assets. In addition to tokenized stock subscriptions, the platform recently completed a major upgrade to its Real World Asset (RWA) trading experience—enabling sub-second trade execution, narrowing bid-ask spreads, and integrating AI-powered market signals to assist trading decisions. Upon issuance, tokenized IPO assets can be traded in real time directly within the wallet. By continuously expanding its tokenized IPO subscription and RWA trading capabilities, Bitget Wallet aims to deliver users an end-to-end on-chain financial experience—from subscription and holding to trading.
