Major exchanges cancel SpaceX IPO allocations

Tokenized stocks are a dangerous illusion. Major exchanges like Binance and Bybit just proved they can’t deliver on the "democratized" IPOs they promise. While SpaceX soared to a $2 trillion market cap on Nasdaq, crypto investors were left empty-handed because the xStocks protocol failed to secure the actual shares. If "wrapped" tokens can’t guarantee delivery during the biggest IPO in history, why should we trust them at all? Is tokenization a revolution or just a marketing trap?
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