Backpack

Backpack has launched 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 connecting direct TradFi market access with 1:1 redeemable onchain liquidity. Starting with SpaceX (SPCX), Micron (MU), and SanDisk (SNDK). More coming. Instant settlement. Continuous price discovery. Fund via fiat or stablecoins. Last month, Backpack's tokenized SpaceX ($SPCX) became the most liquid, highest-volume tokenized SpaceX equity traded onchain. Capital doesn't sleep. Markets shouldn't close.

1:1 redeemability of shares creates a direct bridge between traditional financial markets and 24/7 onchain liquidity. Trade between Nasdaq and Solana through Backpack Securities.

Backpack EU has secured its MiCA license and Payment Institution license from the Bank of Latvia (Latvijas Banka). Combined with our MiFID II license, Backpack EU is now tri-licensed across crypto, brokerage, and payments. This milestone strengthens our ability to serve users across all 27 EU member states while upholding the trust, transparency, and regulatory standards required to connect onchain and traditional financial markets.

It's Saturday. The one and only place in the world where you can buy SpaceX shares, shares that can actually make their way to your brokerage account on Monday, is on Solana. One week after SpaceX’s IPO: · $SPCX generated $439M in trading volume on Solana, capturing 91.7% of tokenized SpaceX volume. · $SPCX reached $9.8M in liquidity, representing 87.5% of tokenized SpaceX liquidity. · Solana set a new 7-day record with $1.04B in tokenized equities volume, leading all networks with 70.6% of total trading volume Issued by Backpack Securities. On Solana via @SunriseDeFi No bell. No hours. No holidays. Internet Capital Markets are here.

New category. New ATH. One stock. More than half the market. Tokenized equities just had their biggest day ever on Solana. $187.9M in 24H trading volume. A new all-time high. And $SPCX, the stock of SpaceX tokenized by Backpack Securities in partnership with @SunriseDeFi drove more than 50% of that. - $108M in 24H trading volume. - 5 days to go from zero to more than half of tokenized stocks market share. $SPCX has become the most traded spot market on Solana, the largest and most liquid network for tokenized securities in the world. This is not a proof of concept. This is not a tokenization pilot. This is a real stock, redeemable 1:1 for real shares, transferable to and from traditional brokers, trading 24/7 onchain. Internet capital markets are here.

As regular US market hours begin, $SPCX has already surpassed $111M in onchain volume since launching on Solana via @sunrisedefi, including trades outside traditional US market hours. Issued by Backpack Securities, $SPCX is redeemable 1:1 for real SpaceX shares which are transferable to other traditional brokerages.

SPCX is now live on Solana, with liquidity on Orca. Tokenized SpaceX shares, issued by Backpack Securities and brought to Solana by Sunrise, went live as SpaceX began trading on Nasdaq. On Solana, they trade around the clock. The early liquidity tells the story. In the first five hours: - SPCX liquidity on Orca sits at $1.7M in TVL - That is over 35% deeper than comparable pools Deep liquidity is the foundation of utility on-chain. As real-world assets come on-chain, Orca is proud to be the principal standard. Read our full blog post here: https://lnkd.in/gaeFwgbv

Backpack Securities is now live. Trade real US stocks and ETFs alongside crypto and perpetual futures, while lending or staking your assets to earn yield. All within one account. Real ownership under New York law. Cash dividends, brokerage transfers, and corporate actions rolling out during the public beta. 24/5. Instant execution. Traditional market liquidity. No fees in June: https://lnkd.in/eFPfaa-d

We're excited to welcome Dr. Michael S. Piwowar to Backpack US’s Board of Directors. Dr. Piwowar served as SEC Commissioner from 2013 to 2018 and was later designated Acting Chairman of the SEC by President Trump. He was among the first senior U.S. regulators to publicly engage with the regulatory questions posed by digital assets and initial coin offerings. He currently serves as Executive Director of Georgetown University’s Psaros Center for Financial Markets and Policy, and previously served as Chief Economist for the U.S. Senate Committee on Banking, Housing, and Urban Affairs. He brings deep expertise across securities regulation, capital markets policy, market structure, and investor protection as Backpack US accelerates its U.S. expansion. With Mark Wetjen, former CFTC Commissioner & Acting Chairman, leading Backpack US as President, and Dr. Piwowar joining the board, Backpack US is building with experienced leadership across the SEC, CFTC, DTCC, and U.S. capital markets.