coinedition.com
Bitget Wallet said its tokenized SpaceX IPO subscription sold out within 30 minutes after attracting demand that exceeded the initial allocation by four times.
The offering, powered by xStocks, received $13 million in commitments on the Solana blockchain,. making it one of the few tokenized IPO products accessible directly from self-custodial wallets, without requiring users to hold assets on a centralized exchange. The result highlights growing interest in onchain access to private and public market investments.
Initial Allocation Filled in Minutes
According to Bitget Wallet, the subscription opened on June 9 with an initial allocation of $3 million.
The allocation was fully committed within minutes of launch. In response to strong demand, the company increased the offering size to $13 million. The expanded allocation also sold out within the same 30-minute window.
Bitget Wallet said the response reflects strong interest from crypto users seeking exposure to high-profile equity offerings through self-custodial wallets instead of traditional brokerage platforms.
Users could participate with as little as $10. No account tier or status requirements were needed.
All Commitments Processed on Solana
Bitget Wallet said all $13 million in commitments were made on Solana. Participants subscribed using USDT and USDC directly from their self-custodial wallets.
The offering is part of the company’s broader push into tokenized real-world assets (RWAs), which aim to bring traditional financial instruments onto blockchain networks.
Alvin Kan, Chief Operating Officer of Bitget Wallet, said the rapid sellout demonstrates demand from crypto-native investors seeking direct access to capital market opportunities without relying on traditional intermediaries.
Demand Grows for Tokenized Equity Exposure
The company said the subscription results highlight demand from investors who already hold significant onchain assets and want access to sought-after equity offerings without using brokers or centralized exchanges.
Bitget Wallet plans to expand its tokenized IPO offerings with additional equity listings in the future.
The platform currently supports more than 300 tokenized RWA products and provides infrastructure for tokenized equity trading.
It also recently launched what it describes as the industry’s first decentralized exchange aggregator API for market-order trading of tokenized RWAs. Current integrations include xStocks and Ondo Finance.
SpaceX Token Distribution Set for June 12
Bitget Wallet said SPCXx token distribution is expected to be completed before June 12, 2026. The date coincides with the anticipated start of SpaceX trading on Nasdaq.
The final IPO price will be determined by the issuer and underwriters. Allocations will be distributed on a pro-rata basis.
The company noted that xStock tokens provide price exposure to the underlying equity but do not grant shareholder rights. Holders gain economic exposure to the stock’s performance without receiving the ownership rights associated with traditional shares.