BitMart, a global leading cryptocurrency trading platform, today announced the launch of the tokenized fund equity bSPCX linked to SpaceX (NASDAQ: SPCX) via BitMart IPOPrime. After bSPCX was issued at a price of $135 on NASDAQ this morning, it will officially open for trading on the BitMart secondary market once liquidity conditions are met.


The key today is "share locking." The demand for SpaceX far exceeds supply, and several platforms have turned to full refunds due to not receiving allocation. BitMart obtained the primary allocation resources and distributed them to every IPOPrime subscription user—no one left empty-handed. Each user's subscription was allocated proportionally (with an actual average successful allocation of about 40%), and unallocated portions were automatically refunded.


Since bSPCX has no underlying lock-in period, holders can trade and exit immediately at the NASDAQ real-time reference price—it's not a synthetic index, and there's no need to wait six months.


BitMart's global CEO Nenter Chow stated: "When demand exceeds supply, getting the goods is everything. We secured the allocation and ensured each subscription user received their share—without a lock-in period, they can take action today, not six months later."


https://www.bitmart.com/en-US/ipoprime/space-x

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