Crypto exchange Backpack has introduced a 24/7 trading service for tokenized U.S. stocks, allowing international investors to trade shares of companies like SpaceX, Micron, and SanDisk. This service offers direct ownership of the underlying securities, with trades settling instantly and supporting both fiat and stablecoin deposits. Available in over 150 countries, the platform provides liquidity through traditional exchanges.
The tokenized stocks are based on the Solana blockchain, enabling transfers between wallets, use in DeFi applications, and redemption at a 1:1 ratio for the actual stocks via Backpack. Since its launch in June, the tokenized SpaceX stock has emerged as the most actively traded asset on the platform.
Backpack Launches 24/7 Trading for Tokenized US Stocks Including SpaceX
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
