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Kraken Exchange is enabling investors to trade tokenized SpaceX shares ($SPCXx) the moment they list, bypassing the traditional waiting period and lockup associated with equity IPOs.
The initiative is launched through the xStocksFi platform, allowing users to receive and freely trade allocations without the restrictions typically seen in conventional markets. Kraken Exchange has encouraged interested parties to submit their interest for early access.
Kraken Exchange has expanded its crypto offerings in recent months. The company previously said it would list tokenized equity from a major upcoming IPO. Earlier, over $100 million was deposited into its Bitcoin Vault as users pursued an offered 2.5% APY paid in Bitcoin, according to company reports.