Backpack Launches 24/7 Trading for Tokenized US Equities

Backpack has opened 24/7 trading for tokenized US equities, marking a new era in the crypto‑finance ecosystem.

Backpack's 24/7 Tokenized Equity Playbook

Backpack offers tokenized versions of marquee US companies such as SpaceX, Micron, and SanDisk, allowing investors to purchase real securities instantly with fiat or stablecoins.

Real Ownership on Solana and DeFi Interoperability

■Tokens reside on the Solana blockchain, enabling instant wallet‑to‑wallet transfers and seamless integration with DeFi protocols.

■The token‑to‑share ratio is 1:1, meaning each token represents a full share that can be redeemed for the underlying equity at any time.

Market Momentum and Growth Metrics

■According to RWA.xyz, the tokenized stock market has grown from $379 million to $1.85 billion.

■Distributed value surged 28.6% in the past 30 days, while monthly transfer volume jumped 85%, reaching $8.76 billion.

■SpaceX tokens became the most actively traded tokenized asset after their June launch.

Competitors and Regulatory Landscape

■Major exchanges Kraken, Bybit, Bitget, Coinbase, and Binance have all added tokenized equity products to their offerings.

■Nasdaq received SEC approval to list tokenized stocks alongside traditional securities; the New York Stock Exchange is partnering with Securitize to build a 24/7 token platform for stocks and ETFs.

■DTCC announced plans to roll out a tokenized securities service in October after a pilot involving over 50 financial and crypto firms.

This move expands liquidity depth for tokenized assets while blurring the line between traditional and digital markets, broadening access for institutions and retail investors alike. The real‑ownership model on Solana accelerates DeFi integration, potentially unlocking new arbitrage opportunities. However, the costs of providing liquidity and ensuring regulatory compliance will be pivotal in determining the long‑term sustainability of this nascent market.