SpaceX Just Pushed Tokenized Stocks to a Record Month

By Isaac • July 8, 2026 10:08 am •

Tokenized equities just had their first blockbuster stock-market moment.

SpaceX’s June IPO helped push onchain stock-token trading to a record, according to new market data from CoinDesk Research.

The move came during a month when stablecoin supply fell, which makes the split more interesting.

Crypto’s cash-like layer contracted while tokenized stock trading surged.

DATA: Tokenized equities hit a record $3.86B in trading volume in June, driven by SpaceX tokens at $1.19B.

— CoinDesk (@CoinDesk) July 7, 2026

CoinDesk Research reported that stablecoin market cap fell 2.39% in June to $312 billion, putting the tokenized-equity boom beside a rare pullback in crypto dollar liquidity.

The report said the $7.70 billion contraction was the largest monthly stablecoin