For years, buying shares in private or newly public companies meant using traditional brokerage infrastructure. Today, the way investors access certain securities is changing. SPCX , a tokenized SpaceX security issued by Backpack Securities , is now tradable on Jupiter , allowing users to access SpaceX exposure through Solana's onchain markets. This is more than another token listing. It is an example of how real-world assets (RWAs) can move from traditional financial markets into crypto-native infrastructure. What is SPCX? SPCX represents a tokenized SpaceX security issued by Backpack Securities. According to Backpack, investors can hold SpaceX shares through its traditional securities infrastructure, convert them into tokenized securities on Solana, and redeem the tokenized securities back into the corresponding security entitlement through Backpack Securities. That distinction matters. SPCX is not simply a meme coin inspired by SpaceX. It is designed to connect a traditional...
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Insights into decentralized finance (DeFi)