Crypto exchange Bybit said it will offer retail investors the opportunity to participate in tokenized initial public offerings (IPOs) at the issue price, starting with SpaceX as the first offering.

Bybit users can subscribe to tokenized shares of publicly traded stocks via xStocks, a tokenization platform operated by Payward.

For the SpaceX offering, registration and subscription will take place from June 7 to June 11, 2026, with allotments finalized between June 11 and June 12. Tokenized shares are expected to begin trading on Bybit’s spot market on June 12. Users will be able to purchase shares at the IPO price, bypassing secondary market competition, without needing to open or maintain a traditional brokerage account.