Ondo Finance launched SPCXon, a tokenized version of SpaceX equity, on June 12, coinciding with SpaceX's IPO. The token quickly reached a $10.9 million market cap and traded over $1 million within the first hour on BNB Chain. SPCXon is available on Solana, Ethereum, and BNB Chain, offering investors blockchain access to SpaceX shares without traditional IPO barriers. This launch highlights the growing market for tokenized equities, with Ondo holding over 60% market share and $18 billion in cumulative trading volume, signaling strong demand and expanding DeFi investment options.
- Ondo Finance launched SPCXon, a tokenized version of SpaceX equity, which rapidly achieved a $10.9 million market cap and over $1 million in trading volume on its launch day.
- The token is accessible across multiple blockchains including BNB Chain, Solana, and Ethereum, aiming to bypass traditional IPO barriers for investors.
- This launch underscores the growing demand for tokenized equities and Ondo Finance's significant market share in this sector.
Topics: Asset types, Infrastructure providers, Scalability, Alternative assets, Tokenization platforms, Institutional capital inflows
Tags: #spacex #spcxon #ondofinance #tokenizedequity #bnbchain #solana #ethereum #ipo #defi
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