Bakker introduced 24/7 trading in US token shares in more than 150 countries, giving qualified investors direct ownership of selected shares with immediate payment.
Summary
- Baker introduced 24/7 trading of US stocks with direct ownership tokens and instant payment.
- The exchange now offers token shares of companies including SpaceX, Micron and SanDisk across 150+ markets.
- RWA.xyz data shows that the stock market grew to $1.85 billion as crypto firms and traditional firms increased contributions.
The wallet announced Thursday that users outside the United States can now trade a group of US token stocks around the clock, including shares linked to SpaceX, Micron and SanDisk.
According to the company, investors get ownership of underlying securities instead of artificial exposure, while transactions are settled quickly using fiat currency or stablecoins. The exchange added that more stocks will be launched later.
Built alongside the exchange offering, Backpack also offers Solana-based token versions of the same securities. According to Backpack, these blockchain-based assets can be transferred between parallel wallets, used in decentralized financial systems and used 1:1 on the basis of parallel shares through its platform. The company said that trading capital is available in the general financial markets.
Direct ownership and continuous trading make the model unique
Available in more than 150 countries and territories, this service targets investors who want access to US stocks beyond normal Wall Street trading hours. Ubaka said its design differs from products that only show stock prices because buyers get ownership of existing securities instead of exposure to others.
Among the first assets to list, Backpack said its SpaceX tokenized shares have become the private aerospace company’s best-selling tokenized version since its launch in June. The company, however, did not publish trading volume figures or compare the activity to competing token sharing platforms.
Earlier this year, Backpack introduced a token model linked to its planned initial US offering. According to the company, users who lock their traditional token for at least one year will be able to exchange those tokens for the company’s equity after the IPO. Baker added that part of the token offering will remain locked for at least one year following the public listing.
Token stocks continue to draw crypto and traditional finance
The growth of tokenized stocks has accelerated along with the rise of interest in real-world assets on blockchain networks. According to data from RWA.xyz, the branded equity market expanded from about $379 million to $1.85 billion last year.
The same dataset shows the amount distributed increased by 28.6% during the last 30 days, while the monthly transfer volume increased by more than 85% to $8.76 billion.
Crypto exchanges accounted for much of that expansion. Kraken strengthened its position after acquiring Backed Finance developer xStocks in late 2025 and later integrated the platform into its trading. Bybit and Bitget have also added support for xSstocks, while Coinbase and Binance have launched their own tokenized equity products in recent months.
Traditional financial institutions have also entered the field. In March, the US Securities and Exchange Commission approved a pilot program for Nasdaq that allows tokenized shares to trade alongside common securities on the same exchange. Separately, the New York Stock Exchange has partnered with Securitize to create a 24/7 marketplace for tokenized stocks and exchange-traded funds.
The momentum continued to overtake the exchange operators. The Depository Trust & Clearing Corporation announced in April that it plans to launch a tokenized securities service in October following a pilot involving more than 50 financial and crypto firms, adding another sign that blockchain-based equity infrastructure is moving closer to established capital markets.
