Bending Spoons' BSPx Is Now Live on Solana via xStocks

xStocks AAPLx$296.70+2.0% has launched BSPx, a tokenized representation of Bending Spoons equity, on Solana as of July 1, 2026, the same day the Italian software company debuted on Nasdaq. The token went live at 17:25 UTC, with the Solana network's official account amplifying the launch nine minutes later: "Day one, global access to IPOs at the institutional price onchain."

BSPx is the second tokenized IPO xStocks has issued, following SPCXx (SpaceX). It is available immediately on Jupiter and Raydium for on-chain trading, with Solflare and Birdeye also confirming integration within the hour of launch.

What Bending Spoons Is, and What BSPx Actually Gives You

Bending Spoons is an Italian software company that has built a portfolio of over 50 consumer applications reaching around 500 million monthly users, per the company's BusinessWire press release. Its best-known products include Evernote, WeTransfer, Vimeo, AOL, and Eventbrite. The company reported €601 million in revenue for 2024, and priced its Nasdaq IPO at $29 per share for a target valuation of approximately $19 billion under the ticker BSP.

BSPx tracks that share price, with important caveats. Per xStocks' official disclosure, BSPx provides "price exposure only." Holders do not have direct ownership of underlying shares and do not carry voting rights. Each token is backed 1:1 by actual Bending Spoons shares held in custody by Backed Assets JE Limited, a Jersey-registered special purpose vehicle operating under Liechtenstein's regulatory framework. Dividends and corporate events are passed through via a token rebasing mechanism rather than direct distributions.

Allocation during the IPO window was not guaranteed. Per Kraken's support documentation, participants may receive a full, partial, or zero allocation depending on demand; in oversubscribed scenarios, distribution is pro-rata. Any unallocated funds are returned. The offering price was the official IPO price, inclusive of applicable fees.

Where to Trade BSPx on Solana

BSPx is live on-chain with the Solana mint address XsYMHtwJcWon5GkPHzdDbCCztKtKzEurJnbydxgjsqS, per xStocks' official thread. It is also deployed on EVM networks and TON. Ecosystem partners access BSPx via xChange, xStocks' cross-platform distribution layer. At launch, Solana Compass data shows a circulating supply of 500,000 BSPx tokens, with the Kraken Hot Wallet holding approximately 39% of supply, reflecting the custodial allocation structure before open trading begins.

Jupiter JUP$0.236+7.2% confirmed integration at launch. Raydium RAY$0.669+9.0% invited liquidity providers directly, posting "LP $BSPx on Raydium" in the launch thread. Solflare and Birdeye both confirmed tracking and wallet support within the first hour.

On Kraken itself, BSPx trades 24/5 (weekdays and through the weekend, outside traditional market-close windows) from day one, per the Kraken blog announcement.

The Second Tokenized IPO in xStocks' Pipeline

xStocks positioned BSPx explicitly as the follow-up to SPCXx: "First, $SPCXx, the largest IPO in history. Now the company behind WeTransfer, Evernote and Vimeo."

The comparison matters beyond marketing. SPCXx drew significant subscription demand: roughly $557 million from nearly 27,689 Binance Wallet addresses alone, with a portion going unfulfilled because xStocks could not source enough underlying shares for all participants. That allocation shortfall colored the SPCXx launch.

With BSPx, the mechanics are broadly the same: allocation is demand-dependent and not guaranteed. The difference from the investor's perspective is that Bending Spoons is a smaller, less hyped name than SpaceX, which may mean tighter alignment between subscription demand and available supply. Whether that holds will become clear as allocation data surfaces.

What This Means for Solana's Tokenized Equity Track Record

xStocks has built its tokenized equities stack on Solana from the start. The platform has crossed $3 billion in cumulative on-chain tokenized equity volume, with approximately $293.5 million in assets under management. Raydium, Jupiter, Solflare, and Birdeye have all integrated the broader xStocks catalog, and Kraken Pro now accepts xStocks tokens as collateral for margin and futures trading.

BSPx arriving on Solana on IPO day, rather than weeks or months after, makes a concrete case for the network as real-time settlement infrastructure for public market access. That is the claim xStocks has been building toward: not a secondary market for shares already traded elsewhere, but on-chain access that opens at the same time as the traditional market.

For eligible non-US holders, BSPx offers price exposure to a Nasdaq-listed Italian software company with $19 billion in target valuation, tradeable through Solana DeFi protocols from the moment of listing. The model is still price exposure rather than ownership, the allocation uncertainty remains, and the geographic restrictions are meaningful. Those are the trade-offs on the table.