SpaceX tokens accounted for $1.19 billion, representing 31% of the total monthly trading volume, with Backpack’s SPCX leading at $1.08 billion.
By Francisco Rodrigues|Edited by Stephen AlpherUpdated Jul 7, 2026, 4:22 p.m. Published Jul 7, 2026, 4:18 p.m. 1 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- In June, the on-chain trading volume of tokenized equities surged by 145% to reach a record $3.86 billion, significantly influenced by the interest in tokenized SpaceX (SPCX) shares.
- SpaceX tokens contributed $1.19 billion, equating to 31% of the total monthly trading volume, with Backpack’s SPCX leading at $1.08 billion.
- The sector achieved a market cap of $1.53 billion in June, marking 15 consecutive months of growth following SpaceX’s unprecedented $75 billion IPO.
Tokenized equity trading saw an unprecedented increase in June as investors flocked to blockchain-based versions of SpaceX (SPCX) stock after the aerospace firm's monumental initial public offering.
According to the latest Stablecoins & Tokenized Assets report from CoinDesk Data, the on-chain trading volume rose by 145% from May, reaching $3.86 billion. The tokenized SpaceX shares accounted for $1.19 billion, which is about 31% of all tokenized equity trading during that month.
This surge in trading followed SpaceX's record-setting $75 billion IPO, which valued the company at approximately $1.8 trillion on a fully diluted basis.
The most actively traded tokenized version of the stock was Backpack Securities’ SPCX token, with $1.08 billion in on-chain trading volume, followed by xStocks’ SPCXx, which achieved $852 million.
These statistics indicate a shift in the factors driving demand for tokenized equities. While established entities like Nvidia, Tesla, SPY, and QQQ continued to see active trading, none matched the level of interest seen in SpaceX. For context, Backpack’s tokenized instruments traded a total of $1.42 billion for the month, with the majority being in SPCX tokens.
In June, the sector reached a record market capitalization of $1.53 billion, a 6.64% increase from the previous month, marking the fifteenth consecutive month of growth, as noted in the report.
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SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
SpaceX IPO Drives Tokenized Equity Volumes to Record as Stablecoin Market Cap Falls
In June, the stablecoin market cap declined to $312 billion, experiencing its largest monthly decrease since the TerraUSD incident, while tokenized equity volumes surged by 145% to a record $3.86 billion.
By CoinDesk Research4 hours agoIn June, the stablecoin market cap declined to $312 billion, experiencing its largest monthly decrease since the TerraUSD incident, while tokenized equity volumes surged by 145% to a record $3.86 billion.
Why it matters:
In June, the stablecoin market cap declined to $312 billion, experiencing its largest monthly decrease since the TerraUSD incident, while tokenized equity volumes surged by 145% to a record $3.86 billion.
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