Backpack joins race for 24/7 stock markets with tokenized equities

Written by Nate Kostarstaff writerReviewed by Sam Bourgistaff writerWritten by Nate Kostarstaff writerReviewed by Sam Bourgistaff writerBackpack joins race for 24/7 stock markets with tokenized equitiesLatest NewsPublishedJul 10, 2026The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading.Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around the clock.Under the initial offering, Backpack said that investors would receive direct ownership of the underlying securities rather than synthetic exposure, with trades settling instantly and funded in fiat currency or stablecoins. The initial offering includes a limited selection of US equities, with additional stocks planned.The company also offers Solana-based tokenized versions of the securities, which can be transferred between wallets, used in decentralized finance applications and converted 1:1 into the corresponding shares through Backpack.Backpack said the service is available to investors in more than 150 countries and regions and that trades are backed by liquidity from traditional exchanges.The company added that tokenized SpaceX shares became the most actively traded tokenized version of the private rocket and AI company after launching in June, though it did not disclose trading volumes or provide comparisons with competing offerings.Related: Tokenized stock transfers surge 105% in a month to $8.4BEarlier this year, Backpack unveiled a token distribution model tied to its planned US initial public offering. Users who stake the exchange's native token for at least one year will be eligible to exchange it for company equity after the IPO, while part of the token supply will remain locked until at least one year after the listing.Traditional finance joins tokenized equities pushBackpa…

Backpack joins race for 24/7 stock markets with tokenized equities

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