Bankless · Thursday, July 2, 2026
Ondo Finance successfully tokenized SpaceX stock on Ethereum the same day as its IPO on NASDAQ, June 12th. Ian DeBode from Ondo explained that their platform's integration with intent-based systems and pre-arranged market maker access allowed for token trading to begin just five minutes after the IPO. He also noted that investors who bought the tokenized SpaceX stock were up approximately 30%.
“Ondo's tokenized SpaceX stock was minted on Ethereum that same day, also on June 12th.”
“I think we were alive with trading about five minutes after the real thing started trading. So clearly this was not our first rodeo. We've done an IPO before. That one went smooth, but not as smooth as this one. So we kind of knew what to do.”
“And those who did, quite frankly, I think are up 30% or so.”