Backpack Launches First 24/7 Market for Real U.S. Equities
Backpack introduces 24/7 trading of real U.S. equities for international investors, starting with SpaceX, Micron, and SanDisk, offering full ownership and instant settlement.
Backpack, a San Francisco-based financial institution that bridges crypto and traditional markets, announced on July 10, 2026, the launch of 24/7 trading for select U.S. equities available to international investors. The platform now allows users outside the United States to buy, hold, and sell real U.S. securities around the clock for the first time.
The initial equities offered include SpaceX (SPCX), Micron (MU), and SanDisk (SNDK). Unlike synthetic derivative products, Backpack’s trades represent full ownership of the underlying securities, backed by traditional exchange liquidity. The service includes instant settlement, continuous price discovery, and funding options via fiat or stablecoins.
“Market infrastructure is moving towards a simple idea: capital doesn’t sleep,” said Armani Ferrante, Co-Founder and CEO of Backpack. He added that international investors no longer need to wait for market openings to act on investment convictions, calling the round-the-clock access a milestone for financial markets.
In addition to direct equity trading, Backpack offers tokenized versions of these assets on the Solana blockchain, enabling 24/7 on-chain trading, wallet-to-wallet transfers, and DeFi integration. Users can seamlessly convert between traditional securities and their tokenized representations at a 1:1 ratio through Backpack’s platform.
Last month, Backpack’s tokenized SpaceX equity (SPCX) became the most liquid and highest-volume tokenized SpaceX equity traded on-chain, underscoring strong demand for direct access to the pre-IPO company. The development follows Backpack’s earlier launch of the first real tokenized equities in early June.
Backpack serves users from over 150 countries and reports more than $450 billion in cumulative trading volume. The Backpack group includes a regulated crypto exchange, a self-custodial wallet, and Backpack Securities, which combines a brokerage with a tokenization platform for real equity ownership and blockchain-based distribution.
Source: Backpack