Backpack has launched 24/7 trading for tokenized U.S. stocks across more than 150 countries, giving eligible investors direct ownership of selected equities with instant settlement. Users outside the United States can now trade a group of tokenized U.S. equities around the clock, including shares linked to SpaceX, Micron, and SanDisk. According to the company, investors receive ownership of the underlying securities instead of synthetic exposure, while transactions settle instantly using either fiat currencies or stablecoins.
Key Features
The exchange added that more stocks will be introduced over time. Built alongside the exchange offering, Backpack also provides Solana-based tokenized versions of the same securities. These blockchain-based assets can be transferred between compatible wallets, used in decentralized finance applications, and redeemed on a 1:1 basis for the corresponding shares through its platform.
Market Context
Growth in tokenized stocks has accelerated alongside rising interest in real-world assets on blockchain networks. According to data from RWA.xyz, the tokenized equity market has expanded from roughly $379 million to $1.85 billion over the past year. Crypto exchanges have accounted for much of that expansion, with Kraken, Bybit, and Bitget adding xStocks support, while Coinbase and Binance have introduced their own tokenized equity products in recent months.
Industry Momentum
Traditional financial institutions have also moved into the sector, with the U.S. Securities and Exchange Commission approving Nasdaq’s pilot program allowing tokenized stocks to trade alongside conventional securities on the same exchange. The Depository Trust & Clearing Corporation announced in April that it plans to launch a tokenized securities service in October, adding another sign that blockchain-based equity infrastructure is moving closer to established capital markets.
Based on reporting from crypto.news.
