To improve the performance of tokenized stock assets on the Mobee platform, SPCXX is officially being renamed to SPCXON (SpaceX Ondo Tokenized Stock).
This change is only a name (ticker) change and does not affect your ownership, asset quantity, or investment value. All SPCXX balances you hold will automatically convert to SPCXON without any action required on your part.
What is SPCXON?
SPCXON is a tokenized stock that provides economic exposure to SpaceX shares through the Ondo Global Marketsplatform. This token is designed to reflect the economic performance of SpaceX shares, including dividend reinvestment if applicable, allowing investors to gain exposure to the company in the form of a digital asset.
Advantages of SPCXON
- Provides exposure to SpaceX shares through digital assets.
- Supports more flexible trading with minting and redemption processes available up to 24 hours a day.
- Leverages traditional market liquidity to help keep prices aligned with the underlying assets.
- Designed to reflect the economic benefits of the underlying shares, including dividend reinvestment.
What Has Changed?
- Old ticker: SPCXX
- New ticker: SPCXON
Aside from this name change, there are no changes to asset ownership, balances, or how you trade the token on Mobee.
Thank you for choosing Mobee as your digital asset investment platform.
