How do I trade SpaceX RWAs?

SpaceX is one of the world’s most watched private companies. Its tokenized versions issued by Ondo and xStocks, will be available through 1inch on June 12.

This Friday 12 June will see what should be one of the biggest IPOs in history: Elon Musk’s SpaceX. 

And thanks to tokenized RWAs, millions of people around the world will be able to participate - even if they don’t have direct access to US financial markets.

SPCXx, issued by xStocks, and SPCXon, issued by Ondo Global Markets, will be available on 1inch, giving eligible users a new way to access this market directly from DeFi.

What are SpaceX RWAs?

RWAs, or real-world assets, are tokens that represent exposure to assets off-chain (outside crypto). These can include equities, bonds, funds, commodities or private-market assets.

SPCXx and SPCXon are not the same thing as directly holding SpaceX shares. The exact structure depends on the issuer. In some cases, a token may represent indirect exposure through a regulated structure, fund, note or other wrapper.

That distinction matters. Before trading any RWA, you should understand what the token represents, who issued it, what rights it gives you and whether you are eligible to hold it.

Why SpaceX RWAs matter

Access to the US stock market can be complex and expensive for ordinary people outside the USA.

Tokenized RWAs can help bridge that gap by bringing exposure on-chain. Instead of going through traditional private-market channels, eligible users can interact with tokenized assets through crypto wallets and DeFi infrastructure.

This does not remove risk. Newly listed equity can be volatile, thinly traded at first and subject to sharp price swings as the market finds its level. Tokenized exposure does not remove those risks, but it can give eligible users a new on-chain way to access the asset once trading goes live.

Trading SpaceX RWAs on 1inch

SPCXx and SPCXon will be made available by issuers and consecutively surfaced by 1inch on the same day as the IPO, June 12, and eligible users will be able to trade it.

The process will be similar to other token swaps:

1. Open 1inch.
2. Connect your wallet.
3. Select the token you want to swap from.
4. Select SPCXx or SPCXon.
5. Review the quote, network fees and price impact.
6. Confirm the transaction in your wallet.

1inch helps users access liquidity across DeFi and find efficient swap routes. For RWAs, this is especially important because liquidity can be fragmented across issuers, chains and venues.

What to check before trading

Before trading SPCXon or SPCXx, take a moment to review the basics.

First, check the issuer. SpaceX RWAs issued by Ondo and xStocks may have different legal structures, supported jurisdictions and user eligibility requirements.

Second, check liquidity. If liquidity is thin, the final execution price may differ from what you expect.

Third, check the token contract. Make sure you are interacting with the correct asset, not an imitation.

Finally, understand the risk. A tokenized asset may track or represent exposure to a real-world company, but it is still an on-chain instrument with its own structure, terms and restrictions.

How 1inch supports effective RWA trading

RWA markets need more than issuance. They also need execution.

If tokenized assets are hard to find, hard to route or hard to trade efficiently, they remain difficult to use. This is where DeFi infrastructure matters.

1inch helps connect users to available liquidity and supports efficient execution across DeFi. As more RWAs move on-chain, trading infrastructure becomes a key part of the user experience.

For SPCXon and SPCXx, this means eligible users can access tokenized exposure through a familiar DeFi flow instead of navigating fragmented venues manually.

A new step for on-chain markets

RWAs are expanding what can be traded on-chain.

The first wave of DeFi focused on crypto-native assets: tokens, stablecoins, lending markets and liquidity pools. The next wave brings more real-world exposure into the same environment.

SpaceX RWAs are part of that shift. They show how private-market exposure, issuer infrastructure and DeFi execution can start to meet on-chain.

Disclaimer 1:

This content is for general information purposes only and does not constitute financial, investment, tax, or legal advice and is not a recommendation to buy or sell any particular digital asset or to employ any specific investment strategy.

Disclaimer 2:

Not available in the US, EU, UK and other restricted jurisdictions.

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