You can now buy SpaceX stock on a blockchain.

Ondo Finance’s SPCXon, a tokenized representation of SpaceX equity, has crossed $10.9M in market capitalization. The token launched on June 12 to coincide with SpaceX’s historic IPO, giving on-chain investors access to one of the most anticipated public listings in recent memory on the same day it hit traditional markets.

The numbers behind the launch

Each SPCXon token represents one underlying SPCX share, with recent trading prices landing between $153 and $157.

Early demand was striking. According to data from RWA.xyz, SPCXon recorded over $1M in trades within just one hour of going live on BNB Chain.