Tokenized SpaceX Stock: SPCX Passes One Billion Dollars in Trading Volume on Solana

What happened

Sunrise reported that SPCX — the tokenized SpaceX stock on Solana — is the first of the platform’s listings to pass one billion dollars in total trading volume. The official Solana account picked up the milestone.

How it got there

SPCX was a first in June: Backpack Securities and Sunrise launched the tokenized stock on the same day SpaceX listed on Nasdaq — the first time a newly listed equity had a simultaneous on-chain market. We covered the launch.

The structure behind it:

• 1:1 backing: each token corresponds to a real share held in custody.
• Regulated custodian: the shares sit with Backpack Securities, a US broker-dealer (background).
• Redemption: via the established ACATS/DTCC rails, tokens can be moved back into shares in a traditional brokerage account.
• Around the clock: trading runs 24/7 from your own wallet — unlike the exchange with its market hours.

Context

One billion dollars in volume is a cumulative figure over roughly seven weeks, not a snapshot — and volume measures trading activity, not the amount of holdings. It fits into a growing market: in the second quarter of 2026, tokenized equities across all chains reached a record quarterly volume in the billions, with Solana accounting for the largest share. How tokenized stocks work technically and legally is covered in our background piece Tokenized stocks (xStocks) on Solana.

Note: This is reporting, not investment advice. Tokenized securities are subject to different rules depending on the country; availability and eligibility depend on jurisdiction.

What to watch

• Whether other individual names reach similar volumes or SPCX stays a special case
• How trading volume and actual holdings develop relative to each other
• Whether 24/7 trading becomes standard for other new listings

Sources

• Sunrise — Milestone post on X
• Solana — Confirmation on X