SpaceX stock is coming to Solana on the same day it lists on Nasdaq

Tech Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email SpaceX stock is coming to Solana on the same day it lists on Nasdaq The firms making that possible say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets. By Margaux Nijkerk | Edited by Stephen Alpher Jun 11, 2026, 2:00 p.m. 2 min read Make preferred on What to know : SpaceX shares will begin trading on Solana the same day the company lists on Nasdaq through a tokenized stock called SPCX, issued by Backpack Securities. SPCX can be redeemed for underlying SpaceX shares and transferred between traditional brokerages and Solana, highlighting a broader push by Sunrise and Backpack to bring U.S. stocks onchain. In this article BTC BTC $ 62,981.43 ◢ 1.43 % SpaceX (SPCX) shares will begin trading on Solana the same day the company is expected to list on Nasdaq, according to Sunrise, a tokenization infrastructure provider, and Backpack Securities, a regulated brokerage and crypto trading platform, which are launching a tokenized version of the stock called SPCX. The token, issued by Backpack, represents ownership of underlying SpaceX shares and can be redeemed for those shares through Backpack's brokerage platform. The firms say eligible shares can also be converted back into tokens, creating a bridge between traditional brokerage accounts and blockchain-based markets. The launch attempts to bring newly listed U.S. equities onchain from day one. Backpack says SPCX holders will have a direct redemption path to the underlying security. SPCX will trade on Solana around the clock, including outside traditional market hours. The token can be held in self-custody wallets and traded across supported Solana-based venues. The announcement comes as interest in tokenized real-world assets continues to grow across the crypto industry. Stablecoins have become one of blockchain's most successful use cases, and several firms are now betting that equities could follow a similar path if tokenized shares can be made accessible to a global investor base. Advocates argue that tokenized stocks could eventually expand access to U.S. capital markets and enable continuous trading. Whether demand develops at a scale comparable to stablecoins remains an open question. "The future of tokenized equities is not just putting price exposure onchain," Backpack CEO Armani Ferrante said in a press release shared with CoinDesk. "It is making underlying securities portable across financial systems." Read more: Backpack launches BP token on Solana with 25% airdrop, no insider allocation Solana News More For You Privacy returns to focus as Ethereum developers explore new token standards By Margaux Nijkerk | Edited by Nikhilesh De 19 hours ago In this week's edition of The Protocol Newsletter, we're looking at where privacy is headed in the Ethereum ecosystem. What to know : Welcome to The Protocol, CoinDesk’s tech newsletter covering the most important stories in blockchain. I’m Margaux Nijkerk, a reporter at CoinDesk. We’re revamping the newsletter to bring you a deeper look at the biggest trends, breakthroughs and debates shaping blockchain technology each week. This week, we’re diving into where privacy... Read full story Latest Crypto News Canton Network developer raises $355 million to bring Wall Street onchain 10 minutes ago Tether leads $1.4 billion funding round in German robotics company Neura 11 minutes ago CoinDesk 20 performance update: Uniswap (UNI) gains 4.5% as all constituents rise 15 minutes ago Citi opens new route into private markets with tokenized share offering 33 minutes ago Ondo Finance hires former Invesco ETF chief to build onchain investment products 1 hour ago It's not SpaceX. Bitcoin ETF outflows may be an arbitrage story 1 hour ago Top Stories Live updates: Bitcoin nears $63,000 ahead of highly anticipated SpaceX IPO 8 hours ago Michael Saylor and Jack Mallers go toe-to-toe over Strategy's bitcoin reporting metrics 2 hours ago Privacy returns to focus as Ethereum developers explore new token standards 19 hours ago Corporate bitcoin buying has collapsed from $500 million per day to almost negligible 8 hours ago BlackRock and Fidelity are quietly turning bitcoin ETFs into a two-firm market 19 hours ago Bitcoin has reached a deep bear-market valuation zone. The hard part may come next. 9 hours ago In this article BTC BTC $ 62,981.43 ◢ 1.43 %