Mantle and xStocks Bring Tokenized SpaceX (SPCXx) to Fluxion & Merchant Moe as History’s Largest IPO Goes Live
Dubai, United Arab Emirates, June 12th, 2026, Chainwire
Mantle, the premier distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of SPCXx, the tokenized SpaceX equity issued by xStocks, available for 24/7 on-chain trading and liquidity provision on Mantle from the day SpaceX completes the largest initial public offering in history.
The listing brings on-chain access to one of the most anticipated equity events in history through two of the ecosystem’s flagship venues, Fluxion and Merchant Moe, and opens what is expected to be a strong season of high-demand tokenized equity listings on Mantle.
Institutional-Grade Execution via Atomic RFQ
Fluxion supports native minting of SPCXx directly from the issuer, powered by xStocks’ Atomic Request for Quote (RFQ). The mechanism bypasses AMM slippage entirely, anchoring pricing to the underlying security through issuer-direct minting and redemption at live market quotes. Fluxion’s hybrid AMM and RFQ infrastructure delivers stable, issuer-direct execution with minimal liquidity requirements.
Project X: 100K $MNT incentives for Tokenized IPOs
Alongside the listing, Merchant Moe, the cornerstone liquidity hub of the Mantle ecosystem, has launched Project X, deploying up to 100,000 MNT in rewards for liquidity providers for this summer’s wave of tokenized IPOs, starting with the SPCXx/USDT0 pool. Users can bridge SPCXx assets via xBridge or other cross-chain routes, and provide liquidity to start earning incentives.
“Through Project X, Merchant Moe is proud to support the launch of SPCXx on Mantle,” said DavideFi, General Manager at Merchant Moe. “As the ecosystem’s cornerstone DEX, we are excited to back tokenized IPOs with deep liquidity and strong incentives.”
Project X extends beyond the SPCXx listing. Subsequent high-demand xStocks listings will be added to the campaign as they launch, with Merchant Moe serving as a primary liquidity venue for each new listing.
The Distribution Layer in Practice
The Mantle ecosystem gives users multiple avenues to acquire, trade, and provide liquidity for SPCXx directly on Mantle. The simultaneous on-chain availability of SPCXx alongside SpaceX’s traditional market debut marks a milestone for tokenized finance: the most anticipated listing of the decade reaching on-chain markets with no delay between the two.
The pairing reflects how Mantle approaches distribution for real-world assets. Fluxion provides institutional-grade execution through issuer-direct pricing, while Merchant Moe provides incentive-backed liquidity depth for retail participation. Together, they give a single tokenized asset both the execution quality institutions require and the accessibility a global user base expects.
With a pipeline of high-demand tokenized listings expected through the remainder of the year, the infrastructure assembled for SPCXx is designed to repeat: issuance through xStocks, execution through Fluxion, and incentivized liquidity through Merchant Moe, with each new listing arriving on Mantle the day it reaches traditional markets.
“SpaceX has been one of the most anticipated IPOs in history, and its simultaneous arrival on-chain signals how far the RWA market has come,” said Emily Bao, Key Advisor at Mantle. “Mantle’s ecosystem supports seamless execution and deep liquidity for users from day one, which marks a significant milestone for the distribution layer for real-world assets.”
About Mantle
Mantle positions itself as the premier distribution layer and gateway for institutions and TradFi to connect with on-chain liquidity and access real-world assets, powering how real-world finance flows. With over $4B+ in community-owned assets, Mantle combines credibility, liquidity, and scalability with institutional-grade infrastructure to support large-scale adoption. The ecosystem is anchored by $MNT within Bybit, and built out through core ecosystem projects like mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY, and OP-Succinct.
For more information, visit mantle.xyz.
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About xStocks
xStocks is the industry benchmark for tokenized equities, bringing publicly listed U.S. stocks and ETFs onchain through fully collateralized, 1:1-backed tokens. Powered by Payward’s digital asset infrastructure, xStocks places traditional equities on blockchain infrastructure, expanding access to U.S. capital markets with extended availability, global reach, and seamless digital-native settlement.
Designed for interoperability, xStocks move seamlessly between centralized exchanges, self-custodied wallets, and onchain applications, unlocking new utility across trading, collateralization, and decentralized finance. Since launching in June 2025, xStocks is powering billions of dollars in transaction volume across multiple blockchain ecosystems and anchors a rapidly expanding global network shaping the future of tokenized markets.
For more information, visit https://xstocks.fi.