Bybit has launched its Bybit IPO Express service, allowing retail investors to purchase shares at official underwritten prices, bypassing traditional Wall Street channels. This move comes ahead of the anticipated public listing of SpaceX.
Bybit, the world's second-largest crypto exchange by trading volume, is entering the tokenization market with its new service aimed at retail investors. The Dubai-based exchange is the second to offer tokenized initial public offerings (IPOs), following Kraken. Bybit's IPO services, powered by Payward Services' xStocks, enable eligible retail investors worldwide to subscribe to tokenized representations of publicly traded equities.