Crypto Biz: SpaceX fuels tokenization’s next boom
60-second summary
Tokenized Receivables-Backed Assets (RWAs) are surging despite crypto volatility, with some assets increasing by 20% in the past week, driven by institutional demand. Kraken has launched SpaceX IPO xStocks, a new tokenized stock offering, and prediction markets are outpacing onchain gambling in terms of adoption and revenue growth, as Sam Bankman-Fried's FTX explores a potential Trump pardon.
Tokenized RWAs surge despite crypto volatility, Kraken launches SpaceX IPO xStocks, prediction markets outpace onchain gambling and Sam Bankman-Fried seeks a Trump pardon.