Private securities trading platform launches new token program, first project focuses on SpaceX

A global private securities trading platform headquartered in New York has recently announced the launch of an innovative Token program aimed at providing retail investors with the opportunity to invest in unlisted private companies. The program utilizes blockchain technology to issue Tokens linked to private company stocks, with the first project centered around the renowned aerospace company SpaceX.

This new type of Token is linked to the performance of the world's most valuable private companies, with the first issued tokenized asset named rSpaceX. The platform also plans to launch digital Tokens in the future that track the performance of other private artificial intelligence companies.

According to the information on the issuance page, the rSpaceX Token will be minted on the Solana blockchain, with each priced at 1 dollar. Investors can invest a minimum of 50 dollars and a maximum of 5000 dollars. This greatly lowers the investment threshold, as typically, investing in private companies requires a minimum investment amount of nearly 10,000 dollars, along with specific income or net worth requirements.

Investors can participate in this token issuance in various ways. It is worth noting that rSpaceX token holders will not become direct shareholders of SpaceX, but can participate in stock price fluctuations that reflect the economic performance of direct ownership. Investments will be held in the user's own wallet and can be tracked on the blockchain.

The CEO of the platform stated that the rSpaceX Token represents securities sold by the platform itself, without the need to obtain permission from SpaceX or other companies. This model may have circumvented some potential regulatory risks. The company plans to leverage crowdfunding regulatory exemptions to provide investment opportunities for small investors.

Regarding the exit mechanism, the rSpaceX Token will be allowed to trade on the secondary market after a one-year lock-up period. In the event of a qualifying liquidity event, such as an IPO, direct listing, or acquisition, investors will receive token returns that match the SpaceX stock price.

It is worth mentioning that several institutions in the industry have already ventured into the "tokenized stock" business. Some platforms have launched tokens that claim to allow investment in SpaceX stock, and exchanges have announced plans to launch tokenized versions of multiple U.S. stocks and ETFs. A well-known cryptocurrency exchange is also seeking approval from regulators in an attempt to launch tokenized stock trading to compete directly with traditional brokers.

The development of this emerging field has attracted widespread attention from the market, and it may bring more opportunities and challenges for investors in the future.