SpaceX (Ondo Tokenized Stock)

SPCXON Price

About SpaceX (Ondo Tokenized Stock) (SPCXON)

SpaceX (Ondo Tokenized Stock) is a digital asset that provides token holders with economic exposure to SpaceX stock through the Ondo Global Markets platform.

• It enables non-US retail and institutional investors to instantly mint and redeem tokenized versions of private equity and U.S. stocks.
• The token is designed to mirror the economic performance of SpaceX shares, including the reinvestment of any dividends.
• Token holders benefit from traditional exchange liquidity with the ability to trade 24 hours a day, five days a week.

What Is SpaceX (Ondo Tokenized Stock)

SpaceX (Ondo Tokenized Stock) represents a bridge between traditional private equity and the blockchain ecosystem. Its primary value proposition is providing global access to SpaceX, a private company whose shares are typically restricted to accredited or institutional investors in specific jurisdictions. By tokenizing the asset, Ondo Finance allows users to hold a digital representation of the stock on-chain.

Value moves through the system via the Ondo Global Markets infrastructure, which facilitates the minting and redemption of tokens against underlying securities. The token is "put to work" as a vehicle for long-term exposure to the aerospace industry, with any dividends generated by the underlying shares being automatically reinvested into the token's value. This model scales by leveraging traditional exchange liquidity to ensure that the tokenized asset remains closely aligned with the market value of the underlying security.

What Makes SpaceX (Ondo Tokenized Stock) Unique

• Global Accessibility: It allows non-US retail and institutional users to gain exposure to U.S.-based private equity that would otherwise be inaccessible.
• Continuous Trading: While traditional stock markets have limited hours, SPCXON supports 24/5 minting and redemption, providing more flexibility than conventional brokerage accounts.
• Instant Liquidity: The platform integrates with traditional exchange liquidity to provide near-instant settlement for minting and redemption processes.
• Dividend Reinvestment: Unlike many synthetic assets, it is designed to capture the full economic benefit of the stock, including automated dividend reinvestment.

What Can You Use SpaceX (Ondo Tokenized Stock) for?

As a tokenized stock representation of SpaceX stock, SPCXON serves several primary functions:

1. Value retention: The asset allows users to hold a digital, on-chain representation of SpaceX stock and may reduce exposure to crypto-market volatility by linking value to a real-world private equity asset.
2. Yield generation: The token captures economic benefits such as dividends, which are reinvested to enhance the token's value over time. The source does not specify additional native yield options like lending.
3. Cross-border settlement / value transfer: It provides a mechanism for the frictionless cross-border transfer of value tied to SpaceX stock, enabling global movement of equity-backed assets.
4. Collateralization: The source does not specify collateral use for SPCXON within decentralized finance protocols at this time.

How Does SpaceX (Ondo Tokenized Stock) Work?

SpaceX (Ondo Tokenized Stock) operates through the Ondo Global Markets protocol, a system designed to "on-chain" traditional financial instruments. When a user mints the token, the protocol facilitates the acquisition of the underlying security (SpaceX stock) and issues a corresponding amount of SPCXON tokens on supported blockchains like Ethereum or Solana.

The system relies on protocol service fees to maintain the infrastructure required for 24/5 minting and redemption. Unlike native blockchain assets that use "gas" to secure the network, SPCXON is an application utility token where fees are directed toward the service providers and custodians managing the underlying real-world assets. Redemption involves burning the tokens and receiving the equivalent value in fiat or stablecoins, settled through traditional market liquidity.

Team Info and Investors

The project is developed by Ondo Finance, a protocol focused on bringing institutional-grade financial products to the blockchain. Ondo Finance was founded by Nathan Allman and has received backing from prominent venture capital firms, including Founders Fund, Pantera Capital, and Coinbase Ventures. The project operates with a formal governance structure that oversees the integration of Real World Assets (RWA) into decentralized finance.

Where can you buy SpaceX (Ondo Tokenized Stock)?

SPCXON tokens can be traded on centralized crypto exchanges. The most popular exchange to buy and trade SpaceX (Ondo Tokenized Stock) is MEXC, where the most active trading pair SPCXON/USDT has a trading volume of $742,813.75 in the last 24 hours. Other popular options include Ondo Stocks and Gate.

What is the daily trading volume of SpaceX (Ondo Tokenized Stock) (SPCXON)?

The trading volume of SpaceX (Ondo Tokenized Stock) (SPCXON) is $3,849,110.19 in the last 24 hours, representing a 26.50% increase from one day ago and signalling a recent rise in market activity. Check out CoinGecko’s list of highest volume cryptocurrencies.

What is the highest and lowest price for SpaceX (Ondo Tokenized Stock) (SPCXON)?

SpaceX (Ondo Tokenized Stock) (SPCXON) reached an all-time high of $239.65 and an all-time low of $105.69. It’s now trading -34.30% below that peak and 48.90% above its lowest price.

What is the market cap of SpaceX (Ondo Tokenized Stock) (SPCXON)?

Market capitalization of SpaceX (Ondo Tokenized Stock) (SPCXON) is $12,777,920 and is ranked #1089 on CoinGecko today. Market cap is measured by multiplying token price with the circulating supply of SPCXON tokens (81 Thousand tokens are tradable on the market today).

What is the fully diluted valuation of SpaceX (Ondo Tokenized Stock) (SPCXON)?

The fully diluted valuation (FDV) of SpaceX (Ondo Tokenized Stock) (SPCXON) is $12,777,920. This is a statistical representation of the maximum market cap, assuming total number of 81 Thousand ETH tokens are in circulation today.

How does the price performance of SpaceX (Ondo Tokenized Stock) compare against its peers?

With a price increase of 3.70% in the last 7 days, SpaceX (Ondo Tokenized Stock) (SPCXON) is outperforming the global cryptocurrency market which is up 2.70%, while outperforming when compared to similar Real World Assets (RWA) cryptocurrencies which are up 1.00%.

How to add SpaceX (Ondo Tokenized Stock) (SPCXON) to MetaMask?

Adding SpaceX (Ondo Tokenized Stock) (SPCXON) to MetaMask allows you to view your token holdings, trade on decentralized exchanges, and more. To add them, you’ll need to import SPCXON as a token. You can copy SPCXON’s contract address (0xc9eef266834730340a55b6cc24621b31baf55581) and import it manually, or if you've installed MetaMask's chrome extension, add SPCXON to MetaMask with one click on CoinGecko.

Add SPCXON to MetaMask.