Bitget Wallet said its tokenized SpaceX IPO subscription sold out within 30 minutes with demand exceeding four times the initial allocation.
Powered by xStocks, the product received $13 million in commitments on the Solana blockchain. It is one of the few tokenized IPO products that do not require users to hold assets on a centralized exchange and can be accessed directly from a self-custodial wallet. This result highlights the growing interest in on-chain access to private and public market investments.
Initial assignment takes just a few minutes
According to Bitget Wallet, the subscription started on June 9th with an initial allocation of $3 million.
The allocation was fully committed within minutes of startup. In response to strong demand, the company increased its offering size to $13 million. The expanded quota also sold out within the same 30 minutes.
Bitget Wallet said this response reflects strong interest among crypto users seeking exposure to high-profile equity products through self-custodial wallets rather than traditional brokerage platforms.
Users can join for as little as $10. There was no need for account hierarchy or status requirements.
All commitments are handled by Solana
Bitget Wallet said the entire $13 million commitment was made in Solana. Participants subscribed directly from their self-custodial wallets using USDT and USDC.
The offering is part of the company’s broader effort into tokenized real-world assets (RWA), which aims to bring traditional financial products to blockchain networks.
Alvin Kan, Chief Operating Officer of Bitget Wallet, said the rapid sell-out shows the demand from crypto-native investors for direct access to capital market opportunities without relying on traditional intermediaries.
Demand for tokenized equity exposure grows
The company said the subscription results highlight demand from investors who already hold significant amounts of on-chain assets and want access to popular equity products without using a broker or centralized exchange.
Bitget Wallet plans to expand its tokenized IPO services by adding stock listings in the future.
The platform currently supports over 300 tokenized RWA products and provides the infrastructure for tokenized stock trading.
We also recently launched what we claim is the industry’s first decentralized exchange aggregator API for market order trading of tokenized RWA. Current integrations include xStocks and Ondo Finance.
SpaceX token distribution set for June 12th
Bitget Wallet stated that the distribution of SPCXx tokens is expected to be completed by June 12, 2026. This date coincides with the scheduled start date for SpaceX trading on the Nasdaq.
The final IPO price is determined by the issuer and underwriters. Allotments will be distributed on a daily basis.
The company noted that xStock tokens provide price exposure to the underlying asset but do not confer shareholder rights. Holders gain economic exposure to the stock’s performance without acquiring the ownership rights associated with traditional stocks.
