Bybit Cancels SpaceX Tokenized Share Offering After Allocation Shortfall, Refunds Users

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According to Bybit's official update, the exchange cancelled its tokenized SpaceX IPO offering after failing to source sufficient underlying share allocations, resulting in refunds for affected users. The product represented indirect, tokenized exposure to SpaceX rather than direct share ownership, and the cancellation highlights structural challenges in scaling private-market tokenization products when real-world delivery constraints exceed exchange capacity.
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