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Bybit launches subscription service for SpaceX IPO tokenised shares

Crypto exchange Bybit will launch a subscription service for tokenised shares tied to a SpaceX IPO, Cointelegraph reported on June 8. Bybit will use the xStocks framework from Payward, the parent of Kraken, to secure IPO allocations through SpaceX’s underwriter syndicate and then tokenise them. The tokenised shares are linked one-to-one with real shares held by a regulated broker-dealer. Trading is set to begin on Bybit’s spot market on June 12.