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Morning Edition · Thursday, June 25, 2026Published at 6:27 AM EDT · New York
Tokenized SpaceX Bets Take $50 Million in Liquidations as Crypto Leverage Wraps Around Private Equity
A perpetual contract tied to a privately held company shows the demand to put leveraged equity exposure on-chain, and the difficulty of pricing an asset with no public market.
A perpetual contract linked to tokenized SpaceX exposure absorbed about $50 million in liquidations, CryptoSlate reported, as the continuous, 24-hour leverage cycle of crypto markets extended to an equity that has no public price. SpaceX is…
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Tokenized Equities Push Onto Public Blockchains
Over 3-6 months, exchanges and banks accelerate moving real equities on-chain — tokenized stocks with on-chain dividends and composable trading — turning the contest over open vs. closed tokenization venues into a concrete product race.
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