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

@Backpack 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.

Real Ownership, Tokenized on Solana

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. Crucially, the platform is not offering synthetic wrappers. 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.

In collaboration with Sunrise, a tokenization protocol built on @Solana, 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. 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.

The lead assets in the rollout are $SPCX (SpaceX), $MU (Micron), and $SNDK (SanDisk). 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. 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. 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.

Early Traction and a Crowded Field

Micron's rollout followed Backpack's tokenized SpaceX launch, which the firm said surpassed 10,000 holders and $350 million in on-chain volume. 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.

Backpack is not operating in an empty market. 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. 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.

Backpack currently serves users from over 150 countries and regions with more than $447 billion in trading volume. 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:
Backpack Securities official launch press release (PR Newswire, June 2, 2026)
SpaceX stock tokenized on Solana at Nasdaq listing (CoinDesk, June 10, 2026)
Sunrise launches tokenized SanDisk $SNDK on Solana (Crypto Briefing)