Backpack Launches 24/7 Trading for Select U.S. Stocks

Backpack, a globally regulated cryptocurrency exchange, has introduced around-the-clock trading for select U.S. stocks, becoming one of the latest companies trying to extend equity markets beyond Wall Street’s traditional trading hours.

According to the announcement made on July 10, international investors can now buy and sell a limited number of U.S. equities 24 hours a day, seven days a week, including weekends and public holidays.

Unlike many existing crypto-based stock products that provide synthetic price exposure, Backpack says investors trade securities backed by actual ownership of the underlying shares.

The initial rollout includes SpaceX (SPCX), Micron (MU), and SanDisk (SNDK), with additional companies expected to be added over time.

Backpack launches the first 24/7 brokerage for real US equities.

International investors can now buy and sell select US equities on Backpack 24/7/365.

Not synthetic. Not derivatives. Real shares — tradable around the clock.

Via the first always-on market infrastructure… pic.twitter.com/YLuunlix9j

— Backpack 🎒 (@Backpack) July 10, 2026

Race toward always on markets

The launch reflects a broader push across the digital asset industry to remove the time restrictions that have historically defined stock trading.

While blockchain networks operate continuously, equity markets still follow fixed exchange hours. Several crypto firms are now attempting to bridge that gap by building infrastructure that allows tokenized securities to trade around the clock.

Backpack Co-founder and CEO Armani Ferrante said the company believes financial markets are gradually moving toward continuous trading.

“Market infrastructure is moving towards a simple idea: capital doesn’t sleep.”

Ferrante added that investors should be able to react to global events as they occur rather than waiting for U.S. exchanges to reopen.

The announcement says the service provides continuous price discovery, instant settlement and liquidity connected to traditional equity markets.

However, Backpack did not explain in the announcement how weekend orders are routed, who provides liquidity when U.S. exchanges are closed or whether trades are internally matched, handled by market makers or temporarily held before reaching traditional market infrastructure.

Real shares instead of synthetic products

Backpack emphasized that the new service is designed around ownership of regulated securities rather than derivative products.

According to the company, trades are supported by traditional market infrastructure while also allowing investors to move between conventional brokerage accounts and blockchain-based tokenized assets.

The platform also supports tokenized versions of the same equities on Solana, allowing users to convert between traditional securities and blockchain representations on a 1:1 basis.

Those tokenized assets remain transferable on-chain and can interact with decentralized finance applications.

Competition in tokenized stocks is heating up

Backpack’s latest move comes as tokenized equities are becoming one of the fastest-growing segments of digital assets.

In recent weeks, Ondo Finance introduced 24/7 minting and redemption for tokenized stocks and ETFs, allowing users to create and redeem tokenized securities outside normal market hours.

Meanwhile, Securitize became the first newly listed public company to tokenize its own NYSE-listed shares after debuting under the ticker SECZ, bringing regulated public equity directly onto blockchain infrastructure.

Unlike those initiatives, Backpack’s focus is on extending continuous trading for regulated securities while integrating both traditional brokerage services and on-chain markets within a single platform.

Traditional finance meets crypto infrastructure

Backpack has increasingly expanded beyond its crypto exchange business.

Earlier this year, the company launched Backpack Securities, a regulated brokerage platform designed to connect traditional financial markets with blockchain-based settlement.

According to the company, the broader Backpack ecosystem now serves users across more than 150 countries and has processed over $450 billion in trading volume.

As more financial firms experiment with tokenized equities and extended trading hours, Backpack’s latest rollout adds to the growing competition over who will build the infrastructure for markets that no longer close when Wall Street does.

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