xStocks and Ondo Finance are the biggest tokenized stock providers right now, but I think Binance and Coinbase also have their own version. There’s also several futures and perpetual markets where you can speculate on the price of SPCX.
Buying with Bitcoin can probably only be done via centralized exchanges. You should first check what is being offered on whichever exchange you are registered on and research if those SPCX-backed tokens are reputable enough.
I wonder how safe these things are in the long term? For me it seems that a lot of platform managed to get tokenized stocks very quickly in recent time, but I am quite skeptical about this for now much more than with stablecoins. Can you somehow redeem them and get an equivalent share on some traditional platform with the traditional form? If you can't, how can we be sure that they represent real stock and are just not price tracking it with fake units? I wonder also who needs this because if someone is comfortable doing KYC on an exchange, what would be the problem to register with Fidelity or Vanguard? Maybe they are available in less places than Binance, so it is a question of availability?
Spcx closed almost at IPO price, $139 now.
It may be an opportunity to buy, but i still think it is highly overpriced
The market cap is huge, many things are overpriced compared to revenue and earnings. I think that we may see a repeat of the 1920s in this same decade, but it is possible to avoid it if they manipulate fiat heavily and do a major intervention.
