C
You hold tSpaceX
Tessera
A loan participation right, not equity. You are a creditor of the issuer's lending arrangement, with no ownership, voting or dividend rights in the company.
Claim · Switch
tSpaceX → SPCX
Both reference SpaceX. They are not the same asset, and this page is here so the difference is in front of you before anything is signed.
A
You would hold SPCX
Backpack Securities
A permanent delegate can move or burn these tokens from any wallet, including yours.
What changesC → A
- Moves into a claim you can transfer out to a traditional brokerage as real shares.
- Gains the ownership, dividend and corporate-action rights the current token does not carry.
- Moves from a loan participation right into a claim on the security itself.
- Removes a 0.2% tax on every transfer.
- The destination has a permanent delegate that can move tokens from any wallet.
Your wallet will warn that it does not recognise this site. That warning is about the domain, not the transaction — Claim is new and unlisted. What you are signing is three instructions: a compute budget, the token account for SPCX if you do not have one, and a Jupiter swap. It grants no approval that outlives it and no permission over anything else you hold. Check it in the wallet before you approve.
Connecting is read-only and costs nothing. Claim never holds a key and never submits a transaction — your wallet does, only if you approve it.
Claim builds the transaction and hands it to your wallet. It never holds a key, never funds anything and never submits on your behalf. The route comes from Jupiter, the destination is re-read from the chain immediately before the transaction is built, and nothing here is investment advice.