Dubai, UAE – Cryptocurrency exchange Bybit has launched IPO Express, a new platform designed to provide retail investors with access to initial public offerings (IPOs) at the offer price through tokenized shares, with SpaceX becoming the first company available on the platform.
The new service is powered by xStocks, a tokenization framework operated by Payward, and enables users to subscribe to blockchain-based representations of publicly traded equities. Through IPO Express, investors can gain exposure to IPO allocations without opening or maintaining traditional brokerage accounts.
For the SpaceX offering, registration and subscription will remain open from June 7 to June 11, 2026, with allocations expected to be finalized between June 11 and June 12. Trading of the tokenized shares on Bybit’s spot market is scheduled to commence on June 12, 2026.
The platform allows users to register their interest, place subscription orders within a designated price range, and receive allocations on listing day if their orders are successful. Once allocated, the blockchain-based tokens, backed one-to-one by shares held in custody, can be traded directly on the exchange.
Bybit said the initiative is intended to democratize access to IPO opportunities, which have traditionally been reserved for institutional investors and select high-net-worth individuals. Through tokenization, retail investors can purchase shares at IPO pricing while bypassing secondary market competition.
The launch comes amid growing interest in tokenized securities and broader efforts by cryptocurrency platforms to bridge traditional financial markets with digital asset infrastructure. Earlier this month, cryptocurrency exchange Kraken announced that it had opened access to the SpaceX IPO for clients in more than 110 countries through the xStocks platform.
Investor appetite for the SpaceX listing appears strong. According to reports, the company’s IPO has attracted approximately $150 billion in investor demand, roughly double the $75 billion it is seeking to raise. The aerospace company began its roadshow last week, highlighting continued enthusiasm for high-profile technology listings.
Market participants believe 2026 could mark a significant resurgence for the U.S. IPO market, supported by a robust pipeline of prominent private companies and pent-up investor demand for new public offerings.
With IPO Express, Bybit is positioning itself at the intersection of capital markets and blockchain technology, offering retail investors a new avenue to participate in some of the world’s most anticipated public listings.
