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SpaceX Tokenized IPO Pre-Launch Raises $557M on Binance Ahead of Debut

Binance’s tokenized SpaceX IPO campaign has drawn more than $557 million in USDC deposits from roughly 27,689 wallet addresses ahead of SpaceX’s public-market debut on Friday. The flow, tracked through Dune analytics, points to sustained demand for crypto-based routes to pre-IPO exposure. At the same time, trading in decentralized derivatives has helped pull expectations toward the upper end of market chatter. On Hyperliquid, SpaceX perpetual futures moved in a wide band around $180–$200 after the pre-IPO market opened on May 18, according to analytics cited in a Talos report, with the implied valuation hovering near multi-trillion-dollar levels. Key takeaways Binance’s SpaceX tokenized IPO product drew over $557 million in USDC deposits from about 27,689 wallets, based on Dune data. Small-to-mid contributors dominated participation counts, while a smaller number of large depositors accounted for a disproportionate share of total USDC. On Hyperliquid, SpaceX perpetual futures tra...
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Metaplanet Plans Securities Unit After Acquiring Siiibo

Metaplanet, the Tokyo-listed company known for holding Bitcoin on its balance sheet, has agreed to acquire Siiibo Securities in a 2.1 billion yen (about $13.1 million) deal. The acquisition is designed to give the firm a formal securities arm that can offer Bitcoin-linked products to investors in Japan. In a share transfer agreement reported by Metaplanet, the company will purchase 100% of Siiibo Securities, a licensed financial instruments business operator. After the transaction closes—expected in July—Siiibo Securities will become a wholly owned Metaplanet subsidiary and be renamed Metaplanet Securities. Key takeaways Metaplanet will acquire Siiibo Securities for 2.1 billion yen to build a dedicated securities business in Japan. The renamed entity, Metaplanet Securities, is expected to be in place after a July closing. Metaplanet links the move to “Project Nova,” aiming to distribute Bitcoin-related yield products to Japanese investors. Metaplanet says its BTC holdings will ...
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SEC Plan to Replace Tokenized US Stock Rule 611, Galaxy Says

The U.S. Securities and Exchange Commission has proposed to rescind two longstanding National Market System (NMS) provisions that govern how trading venues protect displayed prices and prevent “trade-throughs.” If finalized, the changes could materially alter the regulatory constraints facing tokenized-stock platforms, particularly systems that use automated market makers (AMMs) or other decentralized trading mechanisms. In a notice of proposed rulemaking issued on Thursday, the SEC said it would remove Rule 611, which generally prohibits trading on one exchange at a worse price when a better price is available on another, and Rule 610(e), which restricts exchanges from displaying certain bids that are not synchronized with better-priced quotations elsewhere. The proposal has 60 days for public comment, setting up a new compliance question for market participants exploring tokenized equities. Key takeaways The SEC proposes rescinding NMS Rules 611 (trade-through protections) and 610(...
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PRYPCO Mint Adds PAXG-Backed Gold to Tokenized Real Estate Platform

PRYPCO Mint adds gold trading to its tokenized real estate app PRYPCO Mint, the Dubai-based tokenized real estate platform, will add a digital gold product on June 19, enabling users to buy and sell PAX Gold (PAXG)-backed units through the company’s VARA-regulated app. The move makes PRYPCO Mint one of the first platforms in the region to offer both tokenized property interests and a digitally native, gold-backed asset within the same regulated environment. Product details and mechanics According to PRYPCO, the gold product will be available 24/7 via its mobile app with a low entry threshold of AED 100 and no transaction fees. Each digital unit is said to be backed by physical gold and is issued using the PAXG standard, a widely traded token that represents ownership of allocated gold held in custody by Paxos. PRYPCO also highlighted a portfolio linkage feature: investors who hold tokenized real estate on the platform will be able to reinvest rental income directly into the gold produc...
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Poland President Vetoes Crypto Bill Again, Third Time Before MiCA

Poland’s President Karol Nawrocki has vetoed a crypto regulation bill for the third time, despite the measure’s stated goal of bringing the country in line with the European Union’s Markets in Crypto-Assets (MiCA) framework. Nawrocki said he supports regulating cryptocurrencies, but argued that the government adopted only one of 16 amendments proposed by his office. He added that the latest text was nearly identical to the two previous drafts he rejected, prolonging a regulatory gap as the EU approaches its next major deadline for MiCA compliance. Key takeaways President Karol Nawrocki vetoed Poland’s MiCA implementation bill for the third time. The veto delays Poland’s alignment with MiCA just weeks before the EU transitional period ends on July 1. After July 1, crypto asset service providers without a MiCA license may lose the legal basis to serve EU clients. Poland remains the only EU member state without domestic MiCA implementation, intensifying legal uncertainty for local...
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Securitize Expands STAC to Solana as Ethena Plans $250M Allocation in Major RWA Push

The race to dominate the tokenized real-world asset (RWA) market is heating up as Securitize announces the expansion of its Tokenized AAA CLO Fund (STAC) to the Solana blockchain, alongside a planned $250 million allocation from Ethena Labs. The move represents one of the largest commitments to tokenized structured credit on Solana to date and highlights the growing battle among blockchain networks to attract institutional capital as traditional financial products increasingly move onchain. A Major Milestone for Tokenized Credit Securitize, one of the world's leading tokenization platforms with more than $4 billion in assets under management, revealed that its Securitize Tokenized AAA CLO Fund (STAC) is now available on Solana. The fund focuses exclusively on AAA-rated collateralized loan obligations (CLOs), one of the largest segments of global fixed-income markets. Developed in partnership with BNY, which serves as custodian and sub-adviser through BNY Investments, STAC provides ...
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Poland President Vetoes MiCA Implementation Bill for Third Time

Polish President Karol Nawrocki has vetoed a cryptocurrency regulatory bill for the third consecutive time, again citing concerns that the government did not incorporate key amendments proposed by his office. The decision postpones Poland’s domestic implementation of Europe’s Markets in Crypto Assets (MiCA) framework at a critical moment ahead of the EU’s transitional deadline. Poland is currently the only EU member state without a domestic MiCA transposition mechanism. As the July 1 end of MiCA’s transitional period approaches, crypto asset service providers may face heightened legal uncertainty if they cannot rely on a Polish legal basis to service EU customers. Key takeaways President Karol Nawrocki vetoed Poland’s MiCA implementation bill for the third time, arguing only one of his office’s proposed changes was included in the latest draft. The veto delays Poland’s alignment with MiCA, leaving the country as the only EU member state without a domestic MiCA implementation. Aft...
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