Ondo Finance’s tokenized SpaceX stock, trading under the ticker $SPCXon, has surpassed a market capitalization of $10 million, a milestone that coincides with the platform’s rollout of 24/7 minting and redemption for its tokenized equities and ETFs. The service is now live on Ethereum and BNB Chain, with Solana integration expected soon, according to an announcement confirmed by Cointelegraph and Token Terminal.
The dual developments mark a significant step for Ondo Finance, which is positioning itself at the forefront of real-world asset (RWA) tokenization. $SPCXon’s multi-chain availability—now spanning Ethereum, BNB Chain, and Solana—expands its reach and potential liquidity. While trading volumes remain unreported, the market cap achievement signals growing institutional and retail interest in tokenized traditional assets.
The move to 24/7 minting eliminates the constraints of conventional stock exchange hours, offering global investors uninterrupted access. Smart contract platforms Ethereum and BNB Chain serve as the initial infrastructure layers, with Ethereum maintaining its role as the dominant hub for tokenized assets and BNB Chain providing a lower-cost alternative. The upcoming Solana integration is expected to further improve transaction speed and scalability.
Ondo’s expansion reflects broader trends in crypto as investors increasingly seek innovative vehicles that bridge traditional finance and blockchain. The $SPCXon token—backed by shares of the privately held SpaceX—has become a bellwether for tokenized equity demand. Analysts suggest that if active trading volumes rise, the token could see heightened attention from both altcoin enthusiasts and traditional finance players.
