Backpack Launches 24/7 Tokenized U.S. Stock Trading in 150+ Countries on July 11

According to Cointelegraph, Backpack launched tokenized U.S. stock trading on July 11, initially supporting SpaceX, Micron, and SanDisk. The service covers over 150 countries and regions, with investors receiving direct ownership of underlying securities rather than synthetic exposure. Trading settles instantly and accepts fiat or stablecoin deposits.

The tokenized stocks operate on Solana, allowing transfers between wallets and integration with DeFi applications. Holders can exchange tokens 1:1 for corresponding shares via Backpack, with liquidity backed by traditional exchanges. SpaceX tokenized shares have become the most actively traded version since launching in June.