![\"Bitget](\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjYtMDQvMDE5ZDc3MTAtMzFjZi03ZWQ0LTgzODktYTg0NWJkYzNlN2ZhLmpwZw==.jpg\")
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Bitget\u2019s IPO Prime will debut with preSPAX, a Republic-issued token tied to SpaceX\u2019s post-IPO performance rather than direct ownership of the company\u2019s shares.<\/p>\n
Cryptocurrency exchange Bitget has launched IPO Prime, a proxy offering tied to the pre-initial public offering (IPO) phase of Elon Musk\u2019s aerospace manufacturing and space transportation company, SpaceX.<\/p>\n
Bitget said<\/a> Friday that IPO Prime will start with preSPAX, a Republic-issued token designed to give retail users economic exposure tied to SpaceX\u2019s post-IPO performance. The exchange said the product does not give buyers direct ownership of SpaceX shares, and that SpaceX has not endorsed, app<\/a>roved or authorized the offering. <\/p>\n The launch highlights how crypto exchanges are bringing more traditional investment products onto blockchain rails in a bid to attract users with round-the-clock access to assets that have historically been harder for retail investors to reach.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n