June 12, 2026 – Dubai, United Arab Emirates
Mantle, the core distribution layer connecting traditional finance and on-chain liquidity, today announced the listing of SPCXx, the tokenized SpaceX stock issued by xStocks, which will be available for 24/7 on-chain trading and liquidity provision on Mantle starting on the day SpaceX completes the largest IPO in history.
The listing provides on-chain access to one of the most anticipated stock events in history through two of the ecosystem’s flagship venues, Fluxion and Merchant Moe, and opens what is expected to be a strong season of in-demand tokenized stock listings on Mantle.
Execution at the institutional level via atomic RFQs
Fluxion supports native mining of SPCXx directly from the publisher, powered by xStocks’ Atomic Request for Quote (RFQ). The mechanism completely avoids AMM slippage and anchors pricing to the underlying asset through direct issuance by the issuer and redemption at current market rates. Fluxion’s hybrid AMM and RFQ infrastructure ensures stable, direct execution by the issuer with minimal liquidity requirements.
Project X: 100,000 MNT incentives for tokenized IPOs
In addition to the listing, Merchant Moe, the cornerstone liquidity center of the Mantle ecosystem, has launched Project Users can bridge SPCXx assets via xBridge or other cross-chain routes and provide liquidity to earn incentives.
“Through Project X, Merchant Moe is proud to support the launch of SPCXx on Mantle,” said DavideFi, Managing Director at Merchant Moe. “As the cornerstone of the ecosystem, DEX, we are excited to support tokenized IPOs with deep liquidity and strong incentives.”
Project X goes beyond the SPCXx list. Subsequent high-demand xStocks listings will be added to the campaign as it launches, with Merchant Moe serving as the primary liquidity platform for each new listing.
The distribution layer in practice
The Mantle ecosystem provides users with multiple options to acquire, trade and provide liquidity to SPCXx directly on Mantle. The simultaneous on-chain availability of SPCXx alongside SpaceX’s traditional market debut marks a milestone for tokenized finance: the most anticipated listing of the decade reaching on-chain markets with no delay between the two.
The combination reflects how Mantle approaches the distribution of real-world assets. Fluxion provides institutional-level execution through direct issuer pricing, while Merchant Moe provides incentive-backed liquidity depth for private participation. Together, they provide one tokenized asset, both the execution quality that institutions need and the accessibility that a global user base expects.
With a pipeline of in-demand tokenized listings expected throughout the remainder of the year, the infrastructure put together for SPCXx is designed to be iterative: issuance via xStocks, execution via Fluxion, and incentivized liquidity via Merchant Moe, with each new listing arriving on Mantle the day it hits traditional markets.
“SpaceX has been one of the most anticipated IPOs in history, and its simultaneous entry into the chain shows how far the RWA market has come,” said Emily Bao, key advisor at Mantle. “Mantle’s ecosystem supports seamless execution and deep liquidity for users from day one, marking an important milestone for the real asset distribution layer.”
About Mantel
Cloak positions itself as the key distribution layer and gateway for institutions and TradFi to connect to on-chain liquidity and access real-world assets, powering the way real finance flows. With more than $4 billion in community-owned assets, Mantle combines credibility, liquidity and scalability with institutional-quality infrastructure to support large-scale adoption. The ecosystem is anchored by MNT within Bybit and built through core ecosystem projects such as mETH, fBTC, MI4 and more. This is complemented by Mantle Network’s partnerships with leading issuers and protocols such as Ethena USDe, Ondo USDY and OP-Succinct.
For more information, visit cloak.xyz.
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About xStocks
xStocks is the industry benchmark for tokenized equities, bringing listed US stocks and ETFs onchain via fully collateralized, 1:1 backed tokens. Powered by Payward’s digital asset infrastructure, xStocks places traditional stocks on the blockchain infrastructure, expanding access to U.S. capital markets with expanded availability, global reach and seamless digital settlement.
Designed for interoperability, xStocks move seamlessly between centralized exchanges, self-managed wallets and onchain applications, unlocking new possibilities in trading, collateral and decentralized finance. Since its launch in June 2025, xStocks has been generating billions of dollars in transaction volumes across multiple blockchain ecosystems and anchoring a rapidly growing global network shaping the future of tokenized markets.
For more information, visit https://xstocks.fi.
Contact
Marketing Leader at Mantle
Jessy
Cloak
[email protected]
Credit : dailyhodl.com
