Gate Stock Token Latest Update: SPCX is launching today, SpaceX retail investor channel opens!

On April 20, 2026, at 18:00 (UTC+8), Gate’s newly launched Pre-IPO product line announced its first project—the official subscription of SpaceX tokenized stock SPCX. The subscription window is open for only 48 hours, closing at 18:00 on April 22.

SPCX is priced at 590 USDT per share, with a total quota of 33,900 shares, implying a SpaceX valuation of approximately $1.4 trillion. The initial subscription total is about $20 million. The minimum participation threshold is only 100 USDT or GUSD, breaking the traditional Pre-IPO market entry barrier of several million dollars. All users worldwide who complete KYC verification can participate.

Asset distribution is expected to be completed before 18:00 on May 6, with pre-market trading officially opening at 10:00 UTC on April 24. The platform has also synchronized the launch of SPACEXUSDT perpetual contracts, supporting 1–10x leverage, allowing users to position themselves early for SpaceX’s potential IPO gains.

A special reminder: SPCX is not direct equity in SpaceX but a mirror note. Users hold economic rights to profits but do not have voting rights or dividend rights, nor can they directly exchange for Nasdaq stocks. SPCX reflects market speculation sentiment rather than real stock prices. If SpaceX’s final IPO price is below $590, the asset will directly depreciate. This product is only suitable for aggressive investors who fully understand the high risks of the crypto market and are extremely optimistic about SpaceX’s listing performance.

Popular Stock Tokens Perform Well: TSLAX, HOODX, CRCLX Lead Gains

In mid-April, several stock tokens on the Gate platform saw significant increases. Tesla stock token TSLAX tracked the underlying stock’s rise, with a stable quote of $395 as of April 20, totaling an asset value of about $78 million, held by over 20,000 users. TSLAX supports 24/7 continuous trading, with a minimum buy-in of just $10 for fractional shares, breaking the traditional stock market barrier of hundreds of dollars per share.

HOODX also performed strongly. As the US stock market rebounded broadly, HOODX surged over 30% in the past 7 days. The main drivers include Robinhood’s stock surge, the landing of European tokenized stock services, and Robinhood being selected by the U.S. Treasury and BNY as a core infrastructure provider for the “Trump Accounts” program.

Additionally, Circle’s tokenized stock CRCLX was quoted at $102 as of April 20, with a 7-day increase of 16%. CRCLX reflects the stock price of Circle Internet Group, the core issuer of the world’s second-largest stablecoin USDC. The recent rally was mainly driven by expectations of the U.S. Senate hearing on the CLARITY Act, a legislative bill on crypto asset regulation.

Contract Underlying Assets Accelerate Expansion: Over 30 New Stocks and ETF Perpetual Contracts Added

Since 2026, Gate has continued expanding its stock token product line. As of April 13, Gate has successively added over 30 stock and ETF perpetual contracts, covering technology giants, aerospace and defense leaders, consumer goods giants, and core ETFs.

Recent additions include MSFT (Microsoft), IBM, INTC (Intel), MCD (McDonald’s), CSCO (Cisco), ASML, LLY (Lilly), MRVL, UNH (UnitedHealth Group), ARM, and others. All contracts are settled in USDT, supporting 1–20x leverage for long and short positions. The index section has also launched GER40 (Germany DAX 40 Index) perpetual contracts, expanding trading from individual stocks to core stock indices.

Industry Milestone: SEC Officially Approves NYSE Tokenized Securities Trading Rules

On April 18, the U.S. Securities and Exchange Commission (SEC) officially approved the New York Stock Exchange’s (NYSE) proposed rule amendments, allowing qualified securities to be traded in a dual-track manner via traditional and blockchain tokenized forms within the DTCC pilot program. Tokenized securities will share the same CUSIP trading code as traditional stocks, ensuring full fungibility between the two forms.

This policy breakthrough marks a key step in integrating traditional finance with blockchain technology and lays a regulatory foundation for the long-term compliant development of the stock token industry. Meanwhile, the 2026 Hong Kong Web3 Carnival will be held from April 20 to 23 at the Hong Kong Convention and Exhibition Centre. Sina Finance will host a themed roundtable titled “Breaking Boundaries with Stock Tokens: Compliance and Coexistence” on April 21, exploring the integration of traditional finance and digital assets.

Summary

On April 20, 2026, Gate’s stock token product line saw several important developments: the first Pre-IPO project SpaceX SPCX officially opened for subscription, with a low threshold of $100, opening private market opportunities to retail investors worldwide; popular assets TSLAX, HOODX, and CRCLX recently saw significant gains, reflecting strong market interest in tech stocks and tokenized assets; the expansion of underlying assets continues, providing traders with more leveraged trading options. At the same time, SEC’s official approval of NYSE tokenized securities trading rules injects long-term confidence into industry compliance. As of early 2026, Gate’s stock token trading volume has exceeded $140 billion, with a monthly market share of 89.1%. Whether you prefer leveraged derivatives trading or long-term holdings of global quality assets, Gate’s stock token zone offers a wide range of options. For more latest updates, please follow Gate’s official announcements.