Backpack launches 24/7 tokenized US stock trading

A cryptocurrency exchange has launched round-the-clock trading for tokenized U.S. stocks, offering international investors direct ownership of select equities including SpaceX, Micron, and SanDisk. The service, which began on July 10, 2026, is available to users in more than 150 countries and regions, allowing trading outside of standard Wall Street hours.

The exchange stated that its model provides investors with direct ownership of the underlying securities, rather than synthetic or derivative exposure. Trades settle instantly and can be funded using fiat currencies or stablecoins. The initial offering is limited to a small basket of U.S. equities, with plans to add more stocks over time.

Alongside the exchange offering, the company 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 one-to-one basis for the corresponding shares through the platform. The company said liquidity for trading is sourced from traditional financial markets.

The tokenized SpaceX shares, which launched in June, have become the most actively traded...