SpaceX · Donald Trump · Tokenization · White House · Cointelegraph
Tokenized RWAs surge despite crypto volatility, Kraken launches SpaceX IPO xStocks
Compiled by KHAO Editorial — aggregated from 2 sources. See llms.txt for citation guidance.
◎ Multiple-sources
Crypto prices have spent much of the year reacting to macro headlines and regulatory uncertainty, but tokenization has remained one of the industry’s few consistent growth stories.
Key facts
- Prediction markets surpassed onchain gambling for the first time in the first quarter of 2026, generating $36.6 billion in volume compared with gambling’s $14 billion, according to blockchain
- While so-called high rollers, who averaged $13,558 per bet and $378,000 in lifetime gambling volume, still account for most betting volume, casual bettors and daily users are driving the fastest
- According to Kraken, investors who received an allocation will be issued SPC, a tokenized representation backed 1:1 by the underlying equity and tradable 24/7 across participating platforms
- Elsewhere, prediction markets surpassed onchain gambling for the first time, and former FTX CEO Sam Bankman-Fried formally asked US President Donald Trump for a pardon
Summary
Tokenized RWAs surge despite crypto volatility, Kraken launches SpaceX IPO xStocks, prediction markets outpace onchain gambling and Sam Bankman-Fried seeks a Trump pardon. That momentum was on full display this week as Kraken rolled out tokenized access to the highly anticipated SpaceX IPO, offering eligible users in more than 110 markets a chance to participate through xStocks. Elsewhere, prediction markets surpassed onchain gambling for the first time, and former FTX CEO Sam Bankman-Fried formally asked US President Donald Trump for a pardon. At the same time, traditional financial institutions are expanding their blockchain initiatives, from Apex Group’s tokenized fund services to The Clearing House’s planned tokenized deposit network, highlighting growing adoption beyond crypto-native companies.