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

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

Tech

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

Share

Share this article

Copy link

X icon

X (Twitter)

LinkedIn

Facebook

Email

Make

preferred on

Summary

Show

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.

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

Latest Crypto News

1

Asset management giant Invesco files for tokenized fund targeting stablecoin reserve market

10 hours ago

2

Coinbase's Base blockchain resumes after two-hour outage disrupted network

12 hours ago

3

Strategy's yield-generating STRC stock is more correlated with BTC than ever

13 hours ago

4

Kraken in talks to buy 15% stake in DeFi lender Aave at $385 million valuation

13 hours ago

5

a16z-backed crypto firm rebrands, shifts focus to solving AI’s global copyright headache

13 hours ago

6

BlackBerry is making a massive comeback as an 'uncrashable' software layer for AI and robotics

14 hours ago

7

Strategy has a 10-month cash runway for dividends, but retail investors are losing faith

15 hours ago

8

Quant fund says bitcoin is near a major inflection point as rare onchain signals align

15 hours ago

9

Bitcoin tumbles to new multi-year low of $58,000, but a short-squeeze setup emerges

15 hours ago

10

Crypto for Advisors: Bitcoin: planning for inheritance

15 hours ago

Latest Research

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

CEX Volumes Drop to Lowest Since September 2024 as RWA Perps Hit Record High

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

By

CoinDesk Research

Jun 15, 2026

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

Why it matters

:

In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.

View Full Report

More From

Tech

Live markets: Bitcoin rebounds to nearly $60,000. Kospi, Nikkei sink

Coinbase's Base blockchain resumes after two-hour outage disrupted network

Live markets: Bitcoin settles in under $60,000

CD20

$1,608.88

CD20 down 3.27 percent

3.27%

BTC

$60,197.50

BTC down 2.35 percent

2.35%

ETH

$1,567.19

ETH down 5.10 percent

5.10%

XRP

$1.04

XRP down 4.15 percent

4.15%

SOL

$69.60

SOL up 0.34 percent

0.34%