SpaceX Stock Tokenized on Solana Alongside Nasdaq Listing

SpaceX shares are set to trade on the Solana blockchain via a tokenized stock called SPCX, coinciding with the company's Nasdaq debut. Issued by Backpack Securities, SPCX can be redeemed for actual SpaceX shares and transferred between traditional brokerage accounts and Solana. This initiative by Sunrise and Backpack aims to bridge traditional finance with blockchain markets, enabling around-the-clock trading of newly listed U.S. equities on Solana. The move highlights growing interest in tokenized real-world assets, with proponents suggesting it could expand access to capital markets and facilitate continuous trading.