Backpack joins race for 24/7 stock markets with tokenized equities
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.
The launch comes as tokenized stocks become one of the fastest-growing corners of crypto, with exchanges and traditional finance firms racing to expan
Read Full Story at CoinTelegraph →Why This Matters
The move signals a fundamental shift in how equities could be traded, potentially erasing the traditional market closure that has defined stock trading for centuries. If tokenized stocks gain traction, they could democratize access to markets while blurring the lines between crypto and legacy finance, creating a hybrid system where assets trade around the clock without intermediaries.
Background Context
Tokenized equities emerged from the convergence of blockchain technology and traditional finance, with early experiments dating back to 2017 but gaining serious momentum in 2023 amid regulatory clarity in jurisdictions like Singapore and the UAE. The concept leverages smart contracts to represent ownership of stocks, enabling fractional trading and 24/7 settlement—a stark contrast to T+1 or T+2 cycles in conventional markets.
What Happens Next
Regulatory scrutiny will intensify as tokenized stocks challenge existing frameworks, particularly around custody and investor protections. Exchanges like Backpack may face pushback from traditional brokers unless they prove liquidity can match or exceed legacy markets, while retail investors will need education on the risks of 24/7 volatility outside standard market hours.
Bigger Picture
This reflects a broader fragmentation in global finance, where asset classes increasingly trade across borders and time zones, undermining the dominance of regional market hours. The trend also highlights crypto’s role as a testing ground for financial innovation, where decentralized models are forcing incumbents to adapt or risk obsolescence.
