Coinbase’s SPCXc tokenized SpaceX stock hits $6.6M in DEX volume

Coinbase’s tokenized version of SpaceX stock, trading as SPCXc on the Base network, generated roughly $6.6 million in decentralized exchange volume in a single day. For a product that lets people trade a version of a recently-public rocket company through a Layer 2 blockchain, that’s a pretty solid Tuesday. The SPCXc token is one of ten tokenized equities Coinbase now offers on Base, and it’s quickly become one of the more actively traded assets in a category that barely existed a few months ago. The broader suite of tokenized stocks has accumulated nearly $399 million in cumulative DEX volume since launch, a number that keeps climbing. How tokenized SpaceX stock actually works SPCXc is structured as a 1:1 backed B20 token, meaning each token is supposed to represent one share of SpaceX equity sitting in custody somewhere off-chain. SpaceX went public on Nasdaq under the ticker SPCX in June 2026, which made the tokenization process considerably more straightforward than it would have been during the company’s long run as a private entity. The token launched on September 4, 2026, as part of a second wave that brought six new tokenized stocks to Base. Coinbase had initially debuted f...