#Backpack

6 articles tagged #Backpack — curated RWA tokenization coverage.

#Solana #TokenizedStocks #RWA #SPCX #TokenizedEquities #MiCA #Micron #RealWorldAssets #Regulation #SNDK

7.5

Backpack Introduces Continuous U.S. Equity Trading and Tokenized Stock Platform

Backpack has launched a platform enabling 24/7 trading of U.S. equities, allowing international investors to bypass traditional market hours. By utilizing the Solana blockchain, the platform provides tokenized versions of these equities that maintain a one-for-one link to authentic underlying securities. Unlike derivative-based products, this model ensures users hold genuine ownership stakes in the companies, with liquidity sourced from traditional exchange channels. The service supports funding via both fiat currencies and stablecoins, integrating seamlessly into the existing digital asset ecosystem. A key highlight of this initiative is the tokenized SpaceX equity, trading under the SPCX identifier, which has demonstrated significant volume and liquidity compared to rival offerings. This development marks a shift toward bridging traditional financial instruments with blockchain-based settlement and peer-to-peer transfer capabilities. By unifying off-chain ownership with on-chain trading, Backpack is expanding the accessibility of private and public market assets to a global user base.

#Solana #RWA

Backpack EU secures MiCA and payment licenses, BP jumps 19%

7.5

Infrastructure

Backpack EU secures MiCA and payment licenses, BP jumps 19%

Backpack EU, the European subsidiary of the Solana-native exchange, has secured both a Crypto-Asset Service Provider (CASP) license and a Payment Institution license from Latvijas Banka. These approvals arrive just before the July 1, 2026, MiCA enforcement deadline, which threatens to displace firms lacking full regulatory authorization. With only 17% of the 1,200 previously registered firms successfully transitioning to MiCA compliance, Backpack EU is positioning itself to capture significant market share from non-compliant competitors. The firm bolstered its regulatory standing by layering these new licenses over existing MiFID II credentials acquired through the purchase of FTX EU’s former business. This strategic move creates a robust regulatory stack that facilitates custody, exchange services, and cross-jurisdictional payment solutions. The news has positively impacted the BP token, which saw an 18.7% increase following the announcement, building on earlier momentum from tokenized equity offerings. As the European market faces a massive consolidation event, Backpack EU’s proactive compliance strategy highlights the growing importance of regulatory infrastructure in the RWA and crypto-asset space.

#Solana #TokenizedEquities #MiCA

cryptobriefing.com·Jul 1

Here’s why the $1B tokenized stock breakthrough isn’t just a SpaceX story

8.5

Stocks

Here’s why the $1B tokenized stock breakthrough isn’t just a SpaceX story

The tokenized stock market has officially surpassed $1 billion in total value, marking a significant milestone for the integration of traditional equities into blockchain ecosystems. This growth, which includes a 140% expansion during the 2026 cycle, was significantly catalyzed by the launch of the SPCX token representing SpaceX shares on the Solana blockchain. While SpaceX shares have faced price volatility in traditional markets, the on-chain demand for SPCX reached $26 million shortly after launch, capturing substantial liquidity. The surge in activity pushed cumulative on-chain trading volume for tokenized stocks above $20 billion, with Solana recording over $1.29 billion in weekly volume. Platforms like Backpack have emerged as critical infrastructure, capturing over 50% of tokenized stock volume within days of the SpaceX launch. Despite this momentum, the sector faces challenges regarding liquidity fragmentation across more than 150 blockchains and ongoing regulatory scrutiny from the SEC. Ultimately, this trend signals a shift toward crypto rails as a viable alternative for equity distribution and trading, potentially challenging traditional market infrastructure in the long term.

#Solana #RWA #TokenizedStocks

ambcrypto.com·Jul 1

7.5

Stocks

Sunrise launches tokenized SanDisk stock $SNDK on Solana

Backpack Securities and Sunrise have launched the third tokenized US equity, $SNDK, on the Solana blockchain. This asset represents real SanDisk shares, allowing for 1:1 redemption and transferability to traditional brokerage accounts. Unlike synthetic derivatives, these tokens provide direct equity exposure and are currently trading on decentralized exchanges Jupiter and Raydium. The launch follows previous tokenized offerings of SpaceX and Micron Technology, continuing the partnership's goal of bridging real-world assets with blockchain infrastructure. By enabling 24/7 trading, the platform removes the time constraints of traditional Nasdaq market hours. While the regulated status of Backpack Securities provides a compliance framework, the availability of 10x leverage on these tokens introduces significant volatility risks. This development highlights the growing trend of integrating regulated securities into DeFi ecosystems to enhance liquidity and accessibility for retail investors. The ongoing collaboration between Sunrise and Backpack continues to test the boundaries of regulatory scrutiny regarding tokenized securities and decentralized leverage products.

#Solana #TokenizedEquities #Backpack

cryptobriefing.com·Jun 27

8.5

Stocks

Solana Sets New Record in Tokenized Stocks Trading Volume

Solana has achieved a record-breaking $553 million in daily trading volume for tokenized stocks as of June 24, signaling a major shift toward on-chain equity markets. The blockchain captured between 95 and 98 percent of global tokenized equity spot trading volume in the week ending June 21, with cumulative category volume now exceeding $10 billion. Platforms like Backpack, which facilitates trading for assets such as SpaceX's SPCX token, have been instrumental in driving this growth by providing retail access to previously private equities. Solana's high transaction speeds and low fees make it particularly attractive for fractional ownership and frequent retail trading compared to more expensive networks like Ethereum. The integration of these assets into decentralized finance protocols allows for 24/7 trading and collateral utility, further distinguishing the ecosystem from traditional brokerage models. While this surge indicates a transition toward viable market structures, the sector faces ongoing challenges regarding regulatory clarity and the systemic risks associated with volume concentration on a single chain. Ultimately, the rise of tokenized stocks on Solana is repositioning the network as a serious venue for real-world assets rather than just speculative trading.

#Solana #TokenizedStocks #SPCX

valuethemarkets.com·Jun 27

Micron Tech Tokenized Stock Goes Live on Solana via Sunrise

8.5

Stocks

Micron Tech Tokenized Stock Goes Live on Solana via Sunrise

Solana has expanded its real-world asset offerings by launching tokenized Micron Technology (MU) shares through the Sunrise infrastructure platform. Issued by the regulated U.S. brokerage Backpack, these tokens are backed 1:1 by actual Micron shares held in custody, allowing holders to withdraw the underlying equity to traditional brokerage accounts. This development enables 24/7 trading of the semiconductor giant's stock on Solana-based decentralized exchanges, bypassing the time constraints of the Nasdaq. The launch follows the successful introduction of SpaceX's SPCX token, which contributed to Solana's daily tokenized equity trading volumes reaching up to $213 million. By integrating these assets into Solana's DeFi ecosystem, users can trade against USDC or SOL via liquidity pools like Meteora. This move reflects a broader trend of bringing U.S. equities on-chain, supported by increasing regulatory clarity and institutional interest. With the total RWA market exceeding $32 billion, Solana currently leads in tokenized equity trading volume, positioning itself as a critical hub for the projected $8 trillion tokenized asset market by 2030.

#Solana #RWA #TokenizedStocks

cryptonews.net·Jun 27

#Backpack

Backpack Introduces Continuous U.S. Equity Trading and Tokenized Stock Platform

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Backpack EU secures MiCA and payment licenses, BP jumps 19%

Here’s why the $1B tokenized stock breakthrough isn’t just a SpaceX story

Sunrise launches tokenized SanDisk stock $SNDK on Solana

Solana Sets New Record in Tokenized Stocks Trading Volume

Micron Tech Tokenized Stock Goes Live on Solana via Sunrise