Solana Information: On June 12, 2026, the identical day SpaceX will likely be buying and selling on Nasdaq at $135/share, elevating $75 billion within the largest IPO on report and valuing the corporate at $1.75 trillion, Backpack Securities and tokenization infrastructure supplier Dawn concurrently launched SPCX, a 1:1 backed tokenized SpaceX fairness on the Solana blockchain.
Every token is custodied by Backpack, a regulated U.S. broker-dealer, with full ACATS/DTCC redemption into any U.S. brokerage account, 24/7 self-custody buying and selling, and a bidirectional bridge again to on-chain from TradFi.
The query the market is asking now: is that this the structural RWA catalyst Solana’s retail narrative has been ready for?
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Solana Information: How SPCX Works, The Mechanics Behind the First Day-One Tokenized IPO
SPCX will not be an artificial or a by-product. Every token is backed 1:1 by an actual SpaceX share bought and held in custody by Backpack Securities, working beneath its U.S. broker-dealer registration.
Holders can redeem SPCX for the underlying fairness instantly by way of Backpack’s platform, with shares then transferable to any normal U.S. brokerage, Schwab, Constancy, or in any other case, by way of normal ACATS/DTCC settlement rails.
The bridge runs each instructions. Traders holding SpaceX shares in a traditional brokerage account can re-tokenize into SPCX, bringing regulated fairness onto Solana’s public chain.
Public Beta is stay.
Commerce actual US shares and ETFs alongside crypto, perps, and yield, all inside one account.
Actual possession beneath New York legislation. Money dividends, brokerage transfers, and company actions rolling out throughout Public Beta.
24/5. Instantaneous execution. Conventional… pic.twitter.com/lQjugbWawD— Backpack
(@Backpack) June 9, 2026
That bidirectional mechanism is what separates this from the artificial inventory tokens that FTX and others ran in 2020–21, merchandise that lacked formal custody, registered prospectuses, and seamless brokerage redemption, and that had been in the end shut down beneath regulatory strain.
Backpack CEO Armani Ferrante framed the structure plainly: “The way forward for tokenized equities is not only placing value publicity onchain. It’s making underlying securities moveable throughout monetary programs.”
Dawn has introduced over $350M in whole token provide onto Solana, with $101M in quantity during the last 24h.
Giving individuals entry to international tokens with out leaving Solana.
really a sport changer pic.twitter.com/L91aE71Elw— Solana Sensei (@SolanaSensei) June 11, 2026
SPCX trades across the clock on Solana, together with outdoors Nasdaq hours, and will be held in self-custody wallets and routed throughout supported Solana-based DeFi venues.
For Solana particularly, which means the chain now hosts a regulated blue-chip fairness with retail-accessible self-custody, a structurally completely different asset class than the speculative tokens which have outlined its latest quantity profile.
The publish Solana Information: SpaceX Will Have the Greatest IPO in Historical past, And Its Inventory Will Be Buying and selling on Solana the Identical Day appeared first on Cryptonews.