Recently, the SpaceX token is more popular than many projects in the cryptocurrency circle, and I would like to call it the hottest RWA asset on-chain asset:
On one hand, this should be due to the high global popularity of SpaceX itself, and on the other hand, the current bear market in the cryptocurrency world indeed lacks good narratives and investment targets.
However, the question is not who capitalized on SpaceX, but whether there are real assets behind this token.
Apart from the new listings on major exchanges, what I have been paying the most attention to recently is @Paimon_Finance's xSPCX, which is quite different from most conceptual SpaceX tokens:
SPV holds real equity, has third-party custody, is verifiable on-chain, and has an ERC-3643 compliant structure, along with cooperation with regulated RWA exchanges like DigiFT.
This is more like moving traditional private equity structures on-chain rather than simply issuing a coin with the SpaceX name.
So the truly interesting part about Paimon is not SpaceX itself, but its attempt to build a pre-IPO RWA issuance flywheel:
Real assets → On-chain verification → Liquidity → Equity rights → Next batch of quality assets.
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