Raydium to List Tokenized SpaceX Shares Following Nasdaq Debut
Photo Credit: Raydium
Finance Blog
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Finance Blog •
The tokenized asset, trading under the symbol SPCX, will remain available for trading around the clock, including weekends, unlike traditional stock exchanges that operate during set market hours.
Finance News
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Finance News •
"For decades, the most significant public listings were accessible to a narrow class of investors, exclusively during business hours. On Raydium, SpaceX keeps trading onchain through the weekend for a global investor base at any hour. This is what it looks like when capital markets move onchain," said Ben Ungvari, Chief Marketing Officer at Raydium.
SPCX will represent SpaceX equity through shares held in regulated custody and distributed through Backpack. The tokenized shares are backed on a one-to-one basis by the underlying stock.
The listing follows growing interest in tokenized versions of traditional financial assets. Raydium reported that tokenized equity trading volume on its platform recently exceeded $2 billion, with assets such as Tesla, Nvidia, and S&P 500-related products already available through the protocol.
Founded on the Solana blockchain, Raydium operates as a decentralized exchange that allows users to trade digital assets without traditional market-hour restrictions.
For more information, visit www.raydium.io.
Source: Raydium
