Backpack launches 24/7 tokenized US equities trading

Backpack announced the launch of a 24‑hour, seven‑day‑a‑week marketplace for tokenized U.S. equities, offering eligible international investors direct ownership of selected stocks rather than synthetic exposure. The platform initially lists tokenized shares of SpaceX, Micron and SanDisk, trading on the Solana blockchain with instant settlement in fiat or stablecoins. Liquidity is sourced from traditional financial markets, and tokens can be transferred between compatible wallets or redeemed on a 1:1 basis for the underlying shares.

The service is available in more than 150 countries, positioning Backpack as the first to provide continuous, on‑chain trading of real U.S. equities. The launch follows rapid growth in the tokenized equity market, which has expanded to about $1.85 billion, and comes amid broader industry moves by firms such as Kraken, Coinbase and Binance into real‑world asset tokenization.