The financial world is undergoing a massive shift as the lines between traditional stock markets and cryptocurrency continue to blur. Crypto exchange Backpack has officially entered the race to provide 24/7 stock trading by launching tokenized US equities. This new feature allows international investors to trade shares of major companies like SpaceX, Micron, and SanDisk around the clock, breaking free from the traditional operating hours of Wall Street.
This launch comes at a time when tokenized stocks are emerging as one of the fastest-growing sectors in the cryptocurrency space. Both digital asset exchanges and traditional finance institutions are scrambling to expand their offerings, eager to capture a global audience that demands continuous, seamless trading access.
How Backpack Makes Around-the-Clock Trading a Reality
Under this initial offering, Backpack is giving investors direct ownership of the underlying securities rather than just synthetic market exposure. This means trades are settled instantly and can be easily funded using either fiat currency or stablecoins. While the platform is starting with a limited selection of US equities, the company has plans to expand its catalog of available stocks soon. Because the service is backed by liquidity from traditional exchanges, it is currently available to investors across more than 150 countries and regions.
To make the system even more versatile, the company offers these securities as Solana-based tokens. Investors can transfer these tokenized stocks between digital wallets, utilize them within decentralized finance applications, and even convert them on a one-to-one basis into corresponding traditional shares directly through the Backpack platform. According to the company, their tokenized SpaceX shares quickly became the most actively traded version of the private aerospace company on the market shortly after launching.
Adding another layer of innovation, Backpack recently unveiled a unique token distribution model tied to its upcoming US initial public offering. Users who choose to stake the exchange’s native crypto token for at least a year will be eligible to swap it for actual company equity once the IPO goes live, ensuring long-term community alignment.
The Massive Rise of Tokenized Real-World Assets
Backpack’s latest move perfectly times the explosive growth of the on-chain real-world asset market. Data from RWA.xyz shows that the tokenized stock market has skyrocketed from roughly $379 million to an impressive $1.85 billion over the last year. The momentum is only accelerating, with distributed value climbing nearly thirty percent in just the past thirty days and monthly transfer volume surging past $8.7 billion.
Cryptocurrency exchanges have been the primary drivers of this growth. Major players like Kraken, Bybit, Bitget, Coinbase, and Binance have all rolled out or expanded their own tokenized equity platforms in recent months. However, traditional financial heavyweights are not sitting on the sidelines.
Earlier this year, the SEC approved a pilot program for Nasdaq to trade tokenized stocks right alongside conventional securities. Similarly, the New York Stock Exchange teamed up with Securitize to build its own 24/7 tokenized asset platform. With the Depository Trust and Clearing Corporation also planning to launch a tokenized securities service, it is clear that around-the-clock, blockchain-based stock trading is quickly becoming the new standard for global finance.
