Dubai, United Arab Emirates - Mantle has announced the listing of SPCXx, the tokenized equity of SpaceX issued by xStocks. This move brings on-chain access to one of history’s most anticipated initial public offerings, available for 24/7 trading immediately following SpaceX's traditional market debut.
The asset is now live on two flagship venues within the Mantle ecosystem: Fluxion and Merchant Moe. Fluxion utilizes Atomic Request for Quote (RFQ) technology to bypass automated market maker slippage. This mechanism anchors pricing directly to the underlying security through issuer-direct minting and redemption at live market quotes, ensuring institutional-grade execution with minimal liquidity requirements.
Simultaneously, Merchant Moe has launched Project X, deploying up to 100,000 MNT in incentives for liquidity providers. The campaign targets the SPCXx/USDT0 pool and aims to support a broader wave of high-demand tokenized equity listings this summer. Users can bridge SPCXx assets via xBridge or other cross-chain routes to participate.
Emily Bao, Key Advisor at Mantle, noted that the simultaneous arrival of SpaceX on-chain signals significant progress in the real-world asset market. The infrastructure is designed to repeat this model for future listings, pairing issuance through xStocks with execution through Fluxion and incentivized liquidity through Merchant Moe.
Mantle positions itself as the premier distribution layer connecting traditional finance with on-chain liquidity. With over $4 billion in community-owned assets, the platform aims to facilitate large-scale adoption of real-world assets through its integrated ecosystem.