BitGo demos loan collateralized by tokenized SpaceX shares
- —BitGo bought a SpaceX share token in August and borrowed against it as collateral
- —The token represents direct ownership of the underlying stock, held separately from client assets
- —The demonstrated product was not made available to customers
- —Belshe says tokenized equities need clear standards for ownership, custody and collateral
Why it matters: The case shows tokenized equities can serve as loan collateral, but without common ownership and custody standards, concentration risk persists.
Source: TokenPost