Tesla official logo (public domain, Wikimedia Commons) — CryptoBriefing brand treatment
Tokenized Tesla and SpaceX stocks top $403 million onchain
SPCXb leads the pack as blockchain versions of two of Elon Musk's companies attract a growing base of wallet holders.
Tokenized versions of Tesla and SpaceX shares now add up to $403 million onchain. The biggest single product is SPCXb, which accounts for $138 million of that total, according to data from Token Terminal.
In the Token Terminal data, SPCXb led at $138 million. TSLAx came next at $69 million, followed by SPCXx at $53 million and TSLAb at nearly $34 million.
SpaceX’s June 12, 2026, Nasdaq debut helped establish the basis for its tokenized stock market by creating publicly traded shares that could be represented onchain. Its IPO initially raised $75 billion, increasing to about $85.7 billion after underwriters exercised their greenshoe option.
Binance offers SPCXb through its bStocks product line, with each token designed to track SpaceX’s Nasdaq-listed SPCX shares. The tokens are backed 1:1 by underlying shares held by a regulated custodian and issued as BEP-20 tokens on BNB Smart Chain.
The news moving money, markets, and the world—before your day starts.
Daily. Free. Join 34,000+ readers across crypto, finance, and policy.
Adoption figures suggest that interest in tokenized Tesla and SpaceX exposure has increased. The number of wallets holding Tesla and SpaceX xStocks reached 140,174, a 7.9-fold rise since January 2026.
Investors also face a fragmented market of competing token wrappers. SPCXb represents Binance’s tokenized SpaceX product, while SPCXx is offered through xStocks. For Tesla, TSLAx and TSLAb are separate products. These different wrappers can divide trading activity and liquidity across offerings instead of bringing it together in one market.