Gate to list Ondo tokenized SpaceX equity proxy SPCXON for spot and convert trading
Gate said SPCXON, Ondo’s tokenized representation of SpaceX equity, will start spot trading on June 13, 2026, with convert trading an hour later and withdrawals opening on June 14.
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Fact Check
The primary Gate announcement (article 100026) directly and fully confirms the claim: SPCXX is described as a 1:1 tokenized SpaceX equity representation via xStocks offering price exposure only with no voting/dividend rights, the underlying equity is held by a regulated custodian, spot trading begins June 13, 2026, and withdrawals begin June 14, 2026. Gate's live SPCXX/USDT trade page and independent reporting (Bybit adding the same xStocks SPCXX product) corroborate the product's authenticity. Every specific detail in the claim matches the primary source.
Summary
Gate said it will launch SPCXON/USDT for spot trading at 06:00 UTC on June 13, 2026, with convert trading starting at 07:00 UTC and withdrawals scheduled for 06:00 UTC on June 14, subject to the asset’s actual status. SPCXON is described as Ondo’s tokenized representation of SpaceX equity. Gate also published token contract addresses for Ethereum, BNB Chain and Solana, indicating multichain support. The announcement updated an earlier Gate listing description that had referred to a different SpaceX-linked token symbol and structure.
Terms & Concepts
- tokenized representation of SpaceX equity: A blockchain-based token designed to mirror the value of SpaceX equity exposure in digital asset form.
- multichain support: Availability of a token across more than one blockchain network.
- spot trading: Buying or selling an asset for immediate settlement on an exchange rather than through derivatives.