此次推出正值代币化股票成为加密货币增长最快的领域之一，交易所和传统金融公司竞相扩大 24/7 交易。 加密货币交易所 Backpack 已针对部分代币化美国股票推出 24/7 交易，允许国际投资者全天候交易包括 SpaceX、Micron 和 SanDisk 在内的股票。 Backpack 表示，根据首次公开募股，投资者将获得基础证券的直接所有权，而不是合成风险敞口，交易立即结算，并以法定货币或稳定币融资。首次发行包括有限的美国股票，并计划增加股票。 该公司还提供基于 Solana 的证券代币化版本，可以在钱包之间转移，用于去中心化金融应用程序，并通过 Backpack 1:1 转换为相应的股票。 Backpack表示，该服务面向150多个国家和地区的投资者提供，交易得到传统交易所流动性的支持。
该公司补充说，自 6 月份推出以来，代币化的 SpaceX 股票成为交易最活跃的私人火箭和人工智能公司的代币化版本，但它没有披露交易量或提供与竞争产品的比较。 相关：代币化股票转让一个月内飙升 105% 至 $8.4B 今年早些时候，Backpack 公布了与其计划的美国首次公开募股相关的代币分配模式。持有交易所原生代币至少一年的用户将有资格在 IPO 后将其兑换为公司股权，而部分代币供应将保持锁定状态，直到上市后至少一年。 传统金融加入代币化股票推动 Backpack 的推出正值代币化股票已成为链上现实世界资产 (RWA) 市场增长最快的领域之一。 根据 RWA.xyz 数据，过去一年代币化股票市场已从约 3.79 亿美元增长至 18.5 亿美元。仅在过去 30 天里，分配价值就上涨了 28.6%，而每月转账量则飙升了 85% 以上，达到 87.6 亿美元。 代币化股票。资料来源：RWA.xyz
加密货币交易所引领了这一增长。 Kraken 于 2025 年底收购了 xStocks 开发商 Backed Finance，将该平台扩展到其交易所，而 Bybit 和 Bitget 也整合了 xStocks。 Coinbase 和 Binance 近几个月同样推出了代币化股票发行。 传统交易所也接受了代币化。今年 3 月，美国证券交易委员会 (SEC) 批准了纳斯达克试点，在同一交易所将代币化股票与传统证券进行交易，而纽约证券交易所则与 Securitize 合作，为代币化股票和 ETF 开发 24/7 平台。 接下来的一个月，美国存款信托与清算公司 (DTCC) 宣布计划在 10 月份推出代币化证券服务，该服务涉及 50 多家金融和加密公司进行试点。 杂志：加密货币游说者 1.89 亿美元的活动能否得到澄清？
The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expand 24/7 trading.
Crypto exchange Backpack has launched 24/7 trading for select tokenized US equities, allowing international investors to trade stocks including SpaceX, Micron and SanDisk around the clock.
Under the initial offering, Backpack said that investors would receive direct ownership of the underlying securities rather than synthetic exposure, with trades settling instantly and funded in fiat currency or stablecoins. The initial offering includes a limited selection of US equities, with additional stocks planned.
The company also offers Solana-based tokenized versions of the securities, which can be transferred between wallets, used in decentralized finance applications and converted 1:1 into the corresponding shares through Backpack.
Backpack said the service is available to investors in more than 150 countries and regions and that trades are backed by liquidity from traditional exchanges.
The company added that tokenized SpaceX shares became the most actively traded tokenized version of the private rocket and AI company after launching in June, though it did not disclose trading volumes or provide comparisons with competing offerings.
Related: Tokenized stock transfers surge 105% in a month to $8.4B
Earlier this year, Backpack unveiled a token distribution model tied to its planned US initial public offering. Users who stake the exchange's native token for at least one year will be eligible to exchange it for company equity after the IPO, while part of the token supply will remain locked until at least one year after the listing.
Traditional finance joins tokenized equities push
Backpack's launch comes as tokenized equities have become one of the fastest-growing segments of the onchain real-world asset (RWA) market.
According to RWA.xyz data, the tokenized stock market has grown from about $379 million to $1.85 billion over the past year. Over the past 30 days alone, distributed value has climbed 28.6%, while monthly transfer volume has surged over 85% to $8.76 billion.
Tokenized stocks. Source: RWA.xyz
Crypto exchanges have led much of that growth. Kraken, which acquired xStocks developer Backed Finance in late 2025, has expanded the platform across its exchange, while Bybit and Bitget have also integrated xStocks. Coinbase and Binance have likewise rolled out tokenized equity offerings in recent months.
Traditional exchanges have also embraced tokenization. In March, the SEC approved Nasdaq's pilot to trade tokenized stocks alongside conventional securities on the same exchange, while the New York Stock Exchange partnered with Securitize to develop a 24/7 platform for tokenized stocks and ETFs.
The following month, the Depository Trust & Clearing Corporation (DTCC) announced plans to launch a tokenized securities service in October after a pilot involving more than 50 financial and crypto firms.
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