Overview
- Backpack announced Friday that it is offering nonstop, 24/7/365 trading of a selected roster of U.S. equities to users outside the United States.
- The company says the instruments are actual, redeemable shares held in custody rather than synthetic derivatives, and that order execution draws on traditional exchange liquidity.
- Backpack pairs instant settlement and fiat or stablecoin funding with on‑chain, 1:1 tokenized versions of the same shares on Solana to enable wallet transfers and DeFi interaction.
- The initial slate includes SpaceX (SPCX), Micron (MU), and SanDisk (SNDK), and Backpack reports its SPCX token was the most liquid on‑chain SpaceX offering in June.
- Backpack plans to add more equities over time but the coverage is based on company statements and does not supply independent regulatory or market verification of redemption, custody, or cross‑border legal details.