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SpaceX IPO Application Funds Refunded Due to Overwhelming Demand, by Binance and Two Other Crypto Exchanges

2026/06/14 08:02
CoinPost
Written by L.Kikutani
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SpaceX IPO Application Funds Refunded Due to Overwhelming Demand, by Binance and Two Other Crypto Exchanges

Three Companies Issue Refunds

Three Companies Issue Refunds

On the 13th, Binance, Bybit, and Bitget announced that they would fully refund the application funds for the tokenized shares (SPCXx) of SpaceX's IPO, which received 3.5 to 4 times more applications than anticipated. The refunds were necessitated because the tokenized stock platform xStocks failed to secure the necessary backing stocks, as explained by the companies.

Bybit stated in an official release that 'due to xStocks' inability to provide the necessary backing assets, we...

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Iolite Vol.20

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MAGAZINE

Iolite Vol.20

July 2026 issueReleased on 2026/05/29
Interview Michael Shaulov, CEO & Co-Founder of Fireblocks Marcus Infanger, SVP of RippleX PHOTO & INTERVIEW Ryoko Yonekura Special Features "The Future of Payments: Beyond the Gateway" "Innovation Without Taboos: The Dual-Use Shockwave" "The Future of Humanity Expanded by BMI: The 'Sixth Sense' Stemming from Brain-Computer Interface Devices" [Dialogue Series] The NISHI Talk: Crypto Conversations"The 'True Decentralization' of DeFi and the Challenges Facing the Crypto Industry" Kasou NISHI × Yoshihiko Uchida Series Tech and Future by Toshinao Sasaki... and more.