ABU DHABI (ALETIHAD)
UAE investors can now subscribe to the SpaceX Initial Public Offering (IPO) by subscribing to tokenised shares through Bybit IPO Express, a new channel launched by UAE headquartered cryptocurrency exchange Bybit.
Bybit said in a media statement that it has launched Bybit IPO Express, becoming one of the first centralised cryptocurrency exchanges globally to offer tokenised IPO access at the offering price.
The new service is powered by Payward Services’ xStocks. Bybit said eligible retail investors worldwide can participate in IPO projects by subscribing to tokenised representations of publicly traded equities, with SpaceX as the inaugural offering.
For eligible users in the UAE and other markets, the platform provides a way to participate in the ongoing SpaceX IPO subscription process directly through their Bybit account, without opening traditional brokerage accounts or navigating cross border financial infrastructure, the statement said.
Bybit said the launch marks a step in the convergence of traditional capital markets and crypto native infrastructure, as exchanges increasingly expand beyond digital asset trading into broader financial services.
The company said IPO Express is designed to provide users with streamlined access to primary market opportunities that have historically been concentrated among institutional investors, private banking clients and select brokerage networks.
According to Bybit, participation in high profile IPOs has traditionally been limited by geography, brokerage relationships, allocation requirements, and institutional demand dynamics. Retail investors in many regions often gain access only after public listing, when early allocations and price discovery have already taken place, the statement said.
The company said xStocks’ tokenised IPO access complements its existing tokenised equities offerings covering listed shares trading on secondary markets.
SpaceX is the first IPO available for eligible users through the Bybit IPO Express framework.
According to the announced timeline, the registration period and subscription window run from June 7 to June 11, 2026. Eligible users may indicate non binding interest by registering on Bybit IPO Express and reviewing SpaceX’s offering details.
During the subscription window, eligible users can submit subscription requests within the announced IPO price range, with funds committed until allocation.
Allocation will take place from June 11 to June 12, 2026. The SpaceX token will be distributed to Bybit users’ accounts, and allocations will be calculated pro rata to total subscription demand, the statement said. Unused funds will be refunded automatically.
Tokenised SpaceX shares are scheduled to become available for trading on Bybit Spot on June 12, 2026.
“Bybit has always pushed the boundaries of what a financial platform can offer, and being one of the first two centralised exchanges to bring compliant tokenised SpaceX IPO access at the offering price is exactly the kind of milestone that defines our next chapter,” said Emily Bao, Head of Spot at Bybit.
The product launch also reflects broader momentum behind tokenised real world assets, a sector increasingly viewed by crypto native firms and traditional financial institutions as a long term growth area for blockchain adoption, the statement said.
Bybit said the xStocks IPO framework maintains institutional grade compliance standards. On the public listing day, allocations are finalised and IPO shares are tokenised, backed 1:1 by real equity held in regulated broker dealer custody.
The company said IPO related assets may experience significant price volatility after listing. Listings may also be adjusted, delayed or cancelled due to market or regulatory conditions.
Bybit already offers tokenised versions of selected US stocks and ETFs through xStocks, but IPO Express extends that model from secondary market tokenised equities to IPO stage access for eligible users.
Bybit, headquartered in Dubai, describes itself as the world’s second largest cryptocurrency exchange by trading volume after Binance, which is the world’s largest exchange and has a significant regulated presence in the UAE.