According to Bloomberg, SpaceX's IPO has become an important case for testing stock tokenization in the cryptocurrency market. The SpaceX perpetual contract on Hyperliquid had a first day trading volume exceeding $1.3 billion and provided ongoing price discovery prior to its listing; At the same time, due to insufficient quotas for underlying stocks, platforms such as Binance, Bybit, Kraken, etc. have cancelled some SpaceX tokenized stock distribution plans and refunded users. The report states that this case demonstrates the rapid progress of the cryptocurrency market in providing price discovery and trading, but replicating real stock ownership still faces supply constraints. https://(wublock123.com)/news/spacex-ipo-tokenization-testcase-for-crypto-market-62890