Bybit challenges Wall Street with a massive push into tokenized U.S. stock IPOs

Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Bybit challenges Wall Street with a massive push into tokenized U.S. stock IPOs Retail investors can now buy shares at official underwritten prices through the crypto exchange, bypassing Wall Street’s exclusive pre-IPO clubs. By Olivier Acuna | Edited by Jamie Crawley Jun 8, 2026, 11:34 a.m. 2 min read Make preferred on Bybit becomes one of the first crypto exchanges to offer tokenized IPO shares starting with SpaceX this week. (Official SpaceX Photos/flickr) What to know : Bybit has launched its IPO Express service to offer tokenized access to SpaceX’s highly anticipated public listing, positioning itself as the second crypto exchange after Kraken to provide tokenized IPOs. Unlike earlier pre-IPO derivatives from exchanges like Binance, Bitget and Gate, Bybit’s offering lets eligible retail investors subscribe to tokenized representations of actual publicly traded equities at IPO pricing. The SpaceX IPO registration on Bybit runs from June 7 to 11, with allocations and spot trading of the token beginning June 11 and 12, as SpaceX targets a $75 billion raise at a $1.75 trillion valuation. Bybit, the world s second-largest crypto exchange by trading volume, has joined the tokenization race to capture the highly-anticipated public listing of SpaceX later this week with its new Bybit IPO Express service .