SpaceX Tokenised bStock Up as Ondo Adds Stock as Collateral
SpaceX Tokenised bStocks is up 0.83% to $139.05, moving independently of a slightly lower Bitcoin. The gain is primarily driven by expanded on-chain utility, as its tokenised version was added as collateral for perpetual futures trading.
Ondo Perps added SpaceX’s tokenised stock (SPCXon) as eligible collateral, increasing its financial utility and potential demand. Ondo Perps announced on August 26 that tokenised SpaceX stock can now be used as collateral for perpetual futures trades.
This lets holders gain leverage while keeping their equity exposure, adding a new use case beyond simple spot holding. The upgrade turns a static asset into productive financial capital, which can attract new buyers and lock up supply.
The move coincides with increased activity across tokenised equities. Binance launched a Trump Media bStocks (DJTB) spot pair and as margin collateral on the same day, while Coinbase’s tokenised stocks on Base saw their market cap grow to $7 million.
SpaceX Tokenised bStocks is benefiting from a rising tide of institutional and retail interest in bringing traditional assets on-chain.
The immediate catalyst is the utility upgrade. For the uptrend to hold, watch for sustained volume above $35 million and for the $138 support level to hold.
The broader RWA sector’s strength, currently in a bullish phase, provides a supportive backdrop. A drop below $135 could indicate the news-driven bid has faded, potentially leading to a retest of the 30-day average near $130.
The outlook is cautiously positive, contingent on continued adoption of the new collateral feature. The price rise is directly linked to an upgrade in the asset’s fundamental utility within DeFi, supported by a strong sector trend.
Investors are now monitoring whether the collateralization feature leads to a measurable decrease in circulating supply or a sustained increase in on-chain transaction volume over the next week. #SpaceX Tokenised bStock Up as Ondo Adds Stock as Collateral# SpaceX Tokenised bStocks Down 4% on Derivative Pressure
