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<a href="https://x.com/Backpack" rel="noopener noreferrer nofollow">@Backpack</a> has activated 24/7/365 trading for select U.S. equities through its new Backpack Securities platform, giving international investors access to real securities rather than synthetic derivatives, with no restriction to traditional exchange hours.
<h2 id="real-ownership-tokenized-on-solana">Real Ownership, Tokenized on Solana</h2>
<cite>Backpack Securities allows investors to buy, hold, and sell real stocks backed by regulated U.S. securities infrastructure, and tokenize them for use across blockchain networks.</cite> Crucially, the platform is not offering synthetic wrappers. <cite>A U.S.-regulated brokerage and custody platform grants investors actual ownership of equities, including rights to cash dividends, corporate actions, and integration with systems such as ACATS and DTCC.</cite>
<cite>In collaboration with Sunrise, a tokenization protocol built on <a href="https://x.com/Solana" rel="noopener noreferrer nofollow">@Solana</a>, the platform enables users to convert their equity holdings into tokenized securities that are tradable 24/7 on Solana and compatible with wallets and DeFi protocols.</cite><cite>Investors can seamlessly convert traditional security entitlements into tokenized securities and back again via the Backpack Securities platform, creating a direct pathway between traditional securities ownership and blockchain-based financial networks.</cite>
The lead assets in the rollout are <a href="https://x.com/search?q=%24SPCX&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SPCX</a> (SpaceX), <a href="https://x.com/search?q=%24MU&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$MU</a> (Micron), and <a href="https://x.com/search?q=%24SNDK&amp;src=cashtag_click" rel="noopener noreferrer nofollow">$SNDK</a> (SanDisk). <cite>SpaceX shares began trading on Solana the same day the company listed on Nasdaq, issued by Backpack Securities as a tokenized stock called SPCX, redeemable for underlying SpaceX shares and transferable between traditional brokerages and Solana.</cite><cite>Backpack Securities subsequently launched tokenized Micron stock on Solana, with each token backed 1:1 by a real Micron share and redeemable into brokerage accounts.</cite><cite>Each $SNDK token is similarly redeemable on a 1:1 basis for real SanDisk shares, with trading available 24/7, compared to traditional U.S. stock markets which operate roughly 6.5 hours per day, five days a week.</cite>
<h2 id="early-traction-and-a-crowded-field">Early Traction and a Crowded Field</h2>
<cite>Micron's rollout followed Backpack's tokenized SpaceX launch, which the firm said surpassed 10,000 holders and $350 million in on-chain volume.</cite><cite>On June 24, tokenized assets accounted for approximately 19% of all daily DEX volume on Solana, a new all-time high of roughly $569 million in trading activity, generating more volume than memecoins on that day. Tokenized stock trading volume also reached a record $683 million in 24-hour trading volume.</cite>
Backpack is not operating in an empty market. <cite>Kraken partnered with Backed Finance in May 2025 to roll out xStocks, tokenized U.S. equities and ETFs for non-U.S. users, also with 24/7 trading.</cite><cite>What Backpack claims as its differentiator is the integration of traditional brokerage infrastructure alongside tokenization within a single account. While competitors typically offer tokenized wrappers or synthetic exposure, Backpack leans on its ACATS and DTCC support.</cite>
<cite>Backpack currently serves users from over 150 countries and regions with more than $447 billion in trading volume.</cite> The exchange is positioning Backpack Securities as the next phase of that reach, with equities, crypto spot markets, perpetual futures, and yield products coexisting within a unified account.
Sources: <a href="https://www.prnewswire.com/news-releases/backpack-launches-securities-platform-bridging-traditional-and-digital-asset-markets-302788563.html" rel="noopener noreferrer nofollow">Backpack Securities official launch press release (PR Newswire, June 2, 2026)</a> <a href="https://www.coindesk.com/tech/2026/06/10/spacex-stock-is-coming-to-solana-on-the-same-day-it-lists-on-nasdaq" rel="noopener noreferrer nofollow">SpaceX stock tokenized on Solana at Nasdaq listing (CoinDesk, June 10, 2026)</a> <a href="https://cryptobriefing.com/sunrise-tokenized-sandisk-sndk-solana/" rel="noopener noreferrer nofollow">Sunrise launches tokenized SanDisk $SNDK on Solana (Crypto Briefing)</a>

Backpack Just Launched First 24/7 Brokerage For Real U.S. Equities

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