Bybit has launched the on-chain stock IPO subscription product IPO Express, which is now live, and the xStocks tokenized IPO inaugural project SpaceX.

June 7 — Official sources announced today that crypto exchange Bybit has formally launched its on-chain stock IPO subscription product, Bybit IPO Express. In collaboration with xStocks, the platform is introducing tokenized IPO subscription services for SpaceX, making Bybit one of the world’s first centralized exchanges to offer tokenized IPO subscriptions at the primary market’s issuance price stage—further expanding the on-chain stock asset trading ecosystem. For years, global investors have faced steep barriers to accessing high-demand IPOs, including geographic restrictions, broker minimum thresholds, and limited quota limits. Most participants could only enter the market after a company went public, not during the early primary stage. Bybit IPO Express breaks these barriers via xStocks’ compliant tokenization framework, open to eligible Bybit VIP and Pro users. For the first time, non-institutional investors can directly subscribe to IPO shares at the issuance price on Bybit, with no traditional brokerage account required. This removes geographic hurdles and streamlines account setup, delivering easier access to popular global primary market assets. Going forward, Bybit plans to expand its ecosystem of on-chain U.S. stocks and real-world asset (RWA) offerings, aiming to give global users more diverse on-chain investment opportunities. SpaceX xStocks IPO Subscription Schedule: - Registration Period: June 7–11 - Subscription Period: June 7–11 - Allocation Period: June 11–12 - Spot Trading Launch: June 12 The tokenized SpaceX shares in this offering are fully backed by the xStocks issuer, anchored 1:1 to actual equity, and meet institutional-grade compliance standards.