Backpack unveils 24/7 global trading for U.S. equities

Backpack launches 24/7 trading of real U.S. equities, offering global investors full ownership, instant settlement, and tokenized shares on Solana for on-chain trading and DeFi integration.

Backpack has introduced a 24/7 trading platform for select U.S. equities, enabling international investors to buy, hold, and sell real shares at any time. Unlike synthetic or derivative products, users receive full legal ownership of the underlying stocks, with shares held in U.S. custody and backed 1:1. The platform supports instant settlement and funding through both fiat currency and stablecoins. Tokenized versions of these equities are available on the Solana blockchain, allowing for on-chain trading, wallet-to-wallet transfers, and integration with DeFi applications. The initial offering features companies like SpaceX, Micron, and SanDisk, with plans to expand the asset list. Backpack’s approach bridges traditional financial markets with blockchain technology, providing continuous access, immediate settlement, and global market participation.