Cryptocurrency exchange Bybit has observed considerable early demand from investors in the UAE and the GCC for the tokenised SpaceX IPO, a spokesperson stated. The response to the $75 billion IPO has been “notably positive” in the first hours since opening, said Derek Dai, Bybit’s Mena Country Manager.
Since we released the Bybit IPO Express platform on Sunday afternoon, we have observed really encouraging movement across the globe and here in the GCC overnight. “It is a milestone in the journey of IPOs across capital markets,” Dai told Khaleej Times.
The world’s second largest crypto exchange by trading volume Bybit launched Bybit IPO Express on Sunday, becoming one of the first crypto exchanges in the world to offer a tokenised IPO at the offering price as a centralised crypto exchange. Payward Services’ xStocks allows eligible individual investors globally to engage in blockbuster IPO projects through tokenised representations of publicly traded equities by subscribing to xStocks, with SpaceX as the first offering.
The SpaceX registration and subscription will be open from June 7 to June 11, 2026. The allocation will be finalized between June 11 and June 12. Bybit’s spot market is expected to begin trading tokenised shares on June 12.
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