https://t.co/lOJdO6ArOE
Here is the natural, accurate English translation of the post, retaining the original structure, emphasis, and crypto-community tone.[Kraken Launches the Real SpaceX IPO—No More Dilemmas]SpaceX is going public next week. June 12th, NASDAQ, ticker: SPCX.Priced at $135 per share, aiming to raise $75 billion to $80 billion. This will be the largest IPO in human history, bar https://t.co/QmzeIzXwP2 the past, retail investors stood virtually zero chance of getting shares at the offer price for an IPO of this magnitude. Underwriters would allocate quotas to institutions and high-net-worth clients; by the time it became available to you, it was already trading at a premium in the secondary market.For a legitimate IPO, the minimum subscription threshold on Morgan Stanley’s allocation list is in the seven figures.Last night, I noticed that Kraken launched the SpaceX IPO subscription, and surprisingly, almost no one is promoting it.I’ve always said that farming Ink and xStocks felt too boring, but that’s just because they don't do flashy marketing stunts. They've been making frequent, infrastructure-level moves, yet I chose to selectively ignore https://t.co/zQy8ST5jLJ point of criticism, though—it’s not just a lack of promotion. The entry point for the IPO is also incredibly hidden. The Kraken Pro App (@krakenpro) we usually use doesn't have this IPO portal. You have to use the main Kraken App (@krakenfx) to see it, and it’s not even visible on the web version.Therefore, it is absolutely necessary to highlight what @krakenfx_ZH has launched: what exactly is the SPCX you are buying through Kraken?Kraken’s approach this time is fundamentally different from the SpaceX products you see on other crypto exchanges.Kraken’s parent company, Payward (@Payward), acts as the IPO underwriting pipeline. It secures allocations as an institution directly from underwriting syndicates like Morgan Stanley and Goldman Sachs. Then, through the xStocks (@xStocksFi_zh) platform, it distributes these allocations to users in the form of SPCXx https://t.co/nDBRNvPk8a you see the true weight of xStocks’ direct pipeline to https://t.co/7CRZdhnScP it works: You submit your subscription intent $\rightarrow$ the underwriters allocate the quota $\rightarrow$ on the listing day (June 12th), the SPCXx tokens are deposited directly into your Kraken account.Yes, 1 SPCXx token = 1 SPCX share. There are no "pre-" prefixes or messy, nested https://t.co/IsBBDNWDAd is exactly the same logic as participating in an IDO/Launchpad and getting the actual spot tokens. There's no need to overcomplicate the rules.Currently, Kraken is the only one doing this. To give you some context on other SpaceX IPO products out there:Perpetual Contracts: Pure derivatives trading, which completely defeats the purpose of participating in an IPO.Exchange-issued Price-tracking Notes: No underlying asset backing, no real delivery. They just lack funding rates, so they are barely investment vehicles.Republic Debt Certificates: Better than contracts, but you don't get the actual stock post-IPO. You have to wait six months for redemption. During this period, you hold a promissory note (though it is tradeable), which redeems for U upon maturity. There are also options that swap for "spot" upon maturity but charge exorbitant fees. I won't bore you with the https://t.co/y2rcEhsIMD, back to https://t.co/wC8JTo3QAv is the only one utilizing an actual underwriting pipeline. Therefore, my verdict is simple:If you already intended to participate in the SpaceX IPO, but you don't have a US stock brokerage account, are blocked by regional restrictions, or have concerns regarding compliance—Kraken is currently the most reliable gateway in the crypto industry.The underwriting pipeline is real, the custody is regulated, and tokens arrive on listing day. It is the most intuitive IPO subscription process as you and I understand it.The infrastructure Payward is building is quietly nurturing what I envision for RWA (Real World Assets).So, regarding the recent hype around major exchanges offering direct access to US stocks, and my own narrow understanding of the future development of RWA:I would like to offer a deep, sincere apology to Payward's true path toward RWA.
We’re kicking off IPO Access on Kraken with one of the biggest IPOs ever.
SpaceX available on xStocks (SPCXx).
See the price range, review the details, and submit your interest in the Kraken app before the window closes.
👉 https://t.co/wKnib4oiqM
We’re kicking off IPO Access on Kraken with one of the biggest IPOs ever.
SpaceX available on xStocks (SPCXx).
See the price range, review the details, and submit your interest in the Kraken app before the window closes.
👉 https://t.co/wKnib4oiqM
Cryptocurrency firm HTX has been sanctioned by the UK government, who allege that the exchange was part of “infrastructure” used by Russia to circumvent sanctions and allegedly move $1.5 billion back to the Kremlin. https://t.co/kIENqJbw1V