SpaceX Launches Tokenized Shares on Solana Blockchain

A new token tied to SpaceX shares has been launched on the Solana blockchain. The token, called SPCX, gives eligible users blockchain-based exposure to underlying SpaceX shares.

Investors can convert SPCX tokens into actual shares through regulated brokers, according to Backpack Securities and Sunrise, the companies behind the launch. This connection between blockchain-based trading and traditional securities ownership is a key aspect of the rollout.

The Solana network enables 24/7 trading, transfers, and self-custody of SPCX tokens, providing users with around-the-clock access to their investments. The structure also allows for seamless movement between tokenized and traditional share formats, creating a link between brokerage infrastructure and blockchain networks.