Backpack has launched 24/7 trading of tokenized US stocks in over 150 countries, giving qualified investors direct ownership of select stocks with instant settlement.
summary
- Backpack has launched 24/7 trading of tokenized US stocks with direct ownership and instant settlement.
- The exchange now offers tokenized shares of companies including SpaceX, Micron and SanDisk in more than 150 markets.
- RWA.xyz data shows that the tokenized securities market has grown to $1.85 billion as crypto and traditional companies expand offerings.
Backpack announced Thursday that users outside the US can now trade a range of token US stocks around the clock, including stocks linked to SpaceX, Micron and SanDisk.
According to the company, investors gain ownership of the underlying securities rather than artificial exposure, while transactions are settled instantly using fiat currencies or stablecoins. The stock exchange added that more shares will be offered over time.
Designed alongside exchange offerings, Backpack also offers Solana-based token versions of the same securities. According to Backpack, these blockchain-based assets can be transferred between compatible wallets, used in decentralized finance applications and redeemed on a 1:1 basis for corresponding shares through its platform. The company said that the liquidity allocated for trading comes from traditional financial markets.
Direct ownership and continuous trading are what characterize the model
This service is available in more than 150 countries and territories, and is aimed at investors seeking access to US stocks after standard trading hours on Wall Street. Its structure differs from products that reflect only stock prices because buyers gain ownership of the underlying securities rather than exposure to derivatives, Backpack said.
Among the first assets listed, Backpack said its SpaceX token shares have become the private aerospace company’s most traded token version since its launch in June. However, the company did not publish trading volume figures or compare activity with competing token stock platforms.
Earlier this year, the backpack also Provide a symbolic model Tied to a planned initial public offering in the United States. According to the company, users who lock its native token for at least one year will be able to exchange these tokens for company shares after the IPO. Part of the token offering will remain locked until at least one year after the public listing, Backpack added.
Tokenized stocks continue to attract crypto and traditional finance
The growth of token stocks has accelerated alongside the growing interest in real assets on blockchain networks. according to Data Through RWA.xyz, the token stock market has expanded from approximately $379 million to $1.85 billion over the past year.
The same data set shows that value distributed increased by 28.6% over the past 30 days, while monthly transfer volume rose more than 85% to $8.76 billion.
Cryptocurrency exchanges have accounted for much of this expansion. Kraken strengthened its position after acquiring Backed Finance from xStocks developer in late 2025 and later integrating the platform into its exchange. Bybit and Bitget have also added support for xStocks, while Coinbase and Binance have introduced their own stock products in recent months.
Traditional financial institutions have also moved into this sector. In March, the US Securities and Exchange Commission approved a Nasdaq pilot program that allows tokenized stocks to be traded alongside traditional securities on the same exchange. Separately, the NYSE has partnered with Securitize to develop a 24/7 marketplace for tokenized stocks and exchange-traded funds.
Momentum continued beyond exchange operators. The Depository Trust & Clearing Corporation announced in April that it plans to launch a tokenized securities service in October after a pilot trial involving more than 50 financial and crypto companies, adding another sign that blockchain-based equity infrastructure is moving closer to established capital markets.
