Backpack has initiated 24/7 trading for U.S. equities, catering to international investors as of July 10, 2026. This development significantly enhances accessibility to U.S. stocks for traders outside the country, offering a viable alternative to previous reliance on derivatives.
The platform launches with prominent stocks like SpaceX (SPCX), Micron Technology (MU), and SanDisk (SNDK). Each tokenized equity in Backpack's offering is backed one-to-one by actual U.S. shares held in custody, empowering holders to enjoy the same rights, including dividends and corporate actions, as traditional shareholders.
Innovative Trading Features
Utilizing the Solana blockchain, Backpack's tokenized securities allow for seamless trading experiences, enabling transactions to occur even outside conventional market hours. This opens opportunities for overnight and weekend trading.
Customers are required to fund their trades using either fiat currencies or stablecoins, allowing greater flexibility in their investment strategies. The platform draws liquidity from established exchanges to ensure that prices are appropriately aligned, maintaining consistent valuation during off-hours.
Previous Launches and Future Vision
The launch represents a part of Backpack’s broader rollout strategy, which kicked off in June with the introduction of Backpack Securities. The initial listing for SPCX coincided with Backpack's Nasdaq IPO event. Armani Ferrante, co-founder and CEO, emphasized the revolutionary aspect of this launch, stating, "Market infrastructure is moving towards a simple idea: capital doesn’t sleep," highlighting a newfound approach to trading U.S. securities.
This material is informational and should not be considered financial advice.
