Backpack Exchange Launches 24-Hour Tokenized US Stock Trading Service: Breaking the Boundaries Between Wall Street and Digital Assets

As of July 11, 2026, Backpack Exchange is breaking down the barriers between Wall Street and the digital asset ecosystem by fully launching its 24-hour tokenized US stock trading service. Backpack aims to define a new standard for global market accessibility through its newly acquired European licenses and strategic collaboration with the Depository Trust & Clearing Corporation (DTCC). In particular, to celebrate this launch, the exchange is accelerating user acquisition by offering trading fee waivers until the end of July 2026.

The launch of Backpack Securities makes the 'market without a closing bell' a reality by allowing investors to buy and sell actual stocks at any time based on regulated US securities infrastructure.

Through the Backpack Securities platform, investors can trade and hold tokenized assets based on actual stocks 24/7, without the constraints of traditional trading hours. These are not merely synthetic assets, but physical stocks backed by regulated infrastructure that have been tokenized for use on blockchain networks, specifically the Solana ecosystem. The zero-fee policy continuing throughout July is interpreted as a strategic choice to accelerate platform adoption.

Building a Regulatory Fortress: From Dubai to the European Union

Backpack has obtained multifaceted regulatory approvals to establish a legal foundation for global operations. In May 2026, Backpack EU achieved a 'regulatory triple crown' in Europe by simultaneously securing Virtual Asset Service Provider (MiCA), Markets in Financial Instruments Directive (MiFID II), and Payment Institution licenses from the Bank of Latvia. This is the result of establishing a fully compliant regulatory framework in time for July 1, 2026, when the European Union's MiCA transition period ends.

• Holds a VASP license obtained from the Dubai Virtual Assets Regulatory Authority (VARA)
• Completed acquisition of MiCA and MiFID II licenses in Latvia in May 2026
• Compliance with regulations mandating 1:1 token-level collateral maintenance for customer assets

These regulatory achievements provide a legal basis for Backpack to tokenize traditional securities. In particular, the Dubai VARA license was issued following a rigorous evaluation process that responds to innovation while providing guidelines for market security. Based on these multinational licenses, Backpack provides a reliable trading environment for investors worldwide.

Its market dominance on the Solana blockchain is also noteworthy. According to Dune Analytics data, as of early July 2026, the weekly trading volume of tokenized stocks within the Solana network reached approximately $1.36 billion, with Backpack accounting for an overwhelming share. Currently, more than 262,300 unique addresses are shown to hold tokenized stocks through Backpack.

Collaboration with DTCC and Institutional Integration

Backpack has joined an industry working group involving more than 50 companies from DTCC to integrate with traditional financial infrastructure. This group includes major Wall Street banks and virtual asset companies, collaborating directly to develop DTC's tokenization services. Limited production trading is scheduled to begin in July 2026, with a goal of a full service launch in October 2026.

In terms of the competitive landscape, Backpack's moves are leading industry trends. Major players like Robinhood and Kraken are also eager to expand into 24-hour trading markets; in particular, Kraken is strengthening market surveillance and execution by introducing autonomous trading features using AI agents. Amidst this competition, Backpack is highlighting real-world asset-based tokenization and strong regulatory compliance as its points of differentiation.

Backpack's technical architecture is designed to allow users to tokenize and utilize stocks on the blockchain. This ensures that the assets are linked to actual securities infrastructure rather than being a simple price-tracking model. Additional brokerage upgrades and the expansion of tokenized securities services included in the 2026 roadmap demonstrate that Backpack is evolving beyond a simple exchange into a comprehensive financial platform.

In conclusion, the July 2026 launch and fee waiver event will be a significant turning point for Backpack to solidify its position in the global financial market. Once full service integration with DTCC begins this coming October, the on-chain movement of traditional financial assets is expected to accelerate further. Investors are now entering an era where they can trade blue-chip Wall Street stocks like digital assets without time or location constraints.