The financial platform Backpack introduced a trading service that will operate 24/7. Through this new service, international traders will be able to buy, hold, and sell real United States stocks. Backpack CEO Armani Ferrante highlighted that this development responds to an evolution in global financial infrastructure, allowing traditional assets to be traded outside of normal Wall Street hours through settlement solutions backed by blockchain technology.
Unlike synthetic products, the ecosystem offers direct exposure to authentic corporate securities, launching its catalog with high-profile firms, such as SpaceX, Micron, and SanDisk. This bridge between conventional finance and the crypto environment allows users to fund their accounts with both fiat currencies and stablecoins, expanding access and facilitating the migration toward tokenized versions compatible with digital wallets.
As the tokenization of real-world assets (RWA) advances, Backpack’s model marks a trend toward always-active global markets. The long-term success of this infrastructure will depend on sustained liquidity outside of traditional trading hours and the development of international regulatory frameworks.
Source: https://goo.su/OHUeWGs
Disclaimer: Crypto Economy Flash News is compiled from official and public sources verified by our editorial team. Its purpose is to quickly inform about relevant events in the crypto and blockchain ecosystem. This information does not constitute financial advice or investment recommendations. We recommend always verifying the official channels of each project before making related decisions.
Be the first to comment