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Dubai, United Arab Emirates, June 12, 2026, Chainwire
Mantle, the first distribution layer connecting traditional financing and cross-chain liquidity, today announced the listing of SPCXx, SpaceX token shares issued by xStocks, available for cross-chain trading and providing 24/7 liquidity on Mantle starting on the day SpaceX completed the largest IPO in history.
This listing provides cross-chain access to one of the most anticipated equity events in history through two of the ecosystem’s key venues, Fluxion and Merchant Moe, and opens up what is expected to be a strong season of high-demand token equity listings on Mantle.
Implementation at enterprise level via Atomic RFQ
Fluxion supports native minting of SPCXx directly from the issuer, supported by xStocks’ Request for Quote (RFQ). This mechanism bypasses AMM slippage entirely, locking in pricing on the underlying security by minting it directly from the issuer and redeeming it at live market prices. Fluxion’s hybrid AMM and RFQ infrastructure provides stable, direct issuer execution with minimal liquidity requirements.
Project 10: $100,000 incentives for tokenized IPOs
Alongside the listing, Merchant Moe, the primary liquidity hub for the Mantle ecosystem, launched Project Users can stake SPCXx assets via xBridge or other on-chain methods, providing liquidity to start earning incentives.
“Through Project X, Merchant Moe is proud to support the launch of SPCXx on Mantle,” he said. DavideFi, Managing Director at Merchant Moe. “As the cornerstone of the DEX ecosystem, we are excited to support token IPOs with deep liquidity and strong incentives.”
Project X extends beyond the SPCXx roster. Subsequent high-demand xStocks listings will be added to the campaign upon launch, with Merchant Mo acting as the primary liquidity venue for each new listing.
Distribution layer in practice
The Mantle ecosystem provides users with multiple ways to acquire, trade, and provision liquidity for SPCXx directly on Mantle. The simultaneous availability of SPCXx on-chain alongside SpaceX’s traditional market debut represents a milestone for token funding: the most anticipated listing of the decade hitting markets across the chain without any delay between the two.
The pairing reflects how Mantle approaches asset allocation in the real world. Fluxion provides institutional-level execution through direct issuer pricing, while Merchant Moe provides incentive-backed liquidity depth for retail participation. Together, they offer a single distinct asset for both the quality of implementation that organizations demand and the accessibility that a global user base expects.
With a host of high-demand token listings expected over the remainder of the year, SPCXx’s combined infrastructure is designed to iterate: issuance through xStocks, execution through Fluxion, and incentivized liquidity through Merchant Moe, with each new listing arriving at Mantle the day it hits traditional markets.
“SpaceX has been one of the most anticipated IPOs in history, and its simultaneous arrival on the series indicates how far the RWA market has come,” he said. Emily Bowe, Principal Consultant at Mantle. “Mantle’s ecosystem has supported seamless execution and deep liquidity for users since day one, marking an important milestone for the distribution layer of real-world assets.”
About the cloak
cloak It positions itself as a key distribution layer and gateway for institutions and TradeFi to connect with cross-chain liquidity and access to real-world assets, enhancing how finance flows in the real world. With over $4 billion in community-owned assets, Mantle combines credibility, liquidity, and scalability with enterprise-level infrastructure to support widespread adoption. The ecosystem is based on $MNT within Bybit, and is 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 mantle.xyz.
For more social updates, please follow: Official cloak x & Mantle community channel
About XStocks
xStocks is the industry standard for tokenized stocks, offering publicly listed US stocks and ETFs on-chain with fully backed tokens at a 1:1 ratio. Powered by Payward’s digital asset infrastructure, xStocks puts traditional stocks on blockchain infrastructure, expanding access to US capital markets with expanded availability, global reach, and seamless native digital settlement.
Designed for interoperability, xStocks moves seamlessly between centralized exchanges, self-managed wallets and onchain apps, opening the way for new utility across trading, collateral and decentralized finance. Since its launch in June 2025, xStocks has been powering billions of dollars in transaction volume across multiple blockchain ecosystems and anchoring a rapidly expanding global network that is shaping the future of token markets.
For more information, visit https://xstocks.fi.
communication
Marketing Leader at Mantle
Jesse
cloak
(email protected)
