Tokenized equities on Solana just crossed a threshold that makes the concept hard to dismiss as a novelty. On June 15, 24-hour spot volume for tokenized stocks trading on the blockchain surpassed $100 million for the first time, with a single token, $SPCX, responsible for more than 40% of that activity.
That token represents SpaceX shares. Each one is backed 1:1 by real equity held in regulated custody, issued by Backpack Securities. And it launched just days ago.
From zero to $100M in under a week
SPCX debuted on June 11-12, timed to coincide with SpaceX’s listing on Nasdaq.
On its first day of trading, SPCX recorded roughly $18.2 million in volume. Across all competing tokenized equity tokens on Solana that day, combined volume hit approximately $37 million. Three days later, the entire category blew past $100 million in a single 24-hour window.
