The service, now available in more than 150 countries, allows users to trade real shares rather than price-tracking proxies. These assets, built on the Solana blockchain, support 1:1 redemption for underlying securities and can be moved across compatible wallets or deployed in decentralized finance protocols. Liquidity is sourced directly from traditional financial markets, according to the company.
SpaceX shares have emerged as the platform's most active offering since their June introduction, signaling strong demand for private equity exposure. This expansion follows Backpack’s recent move to link its native token to a future IPO, where users locking tokens for at least one year gain a path to company equity upon public listing.
Broadly, the sector is seeing rapid maturation. Data from RWA.xyz shows the tokenized equity market has surged to $1.85 billion, a significant jump from $379 million just one year ago. While crypto-native exchanges like Kraken and Bybit have aggressively integrated tokenized assets, institutional players are closing the gap. The New York Stock Exchange is currently developing a continuous marketplace, and the Depository Trust & Clearing Corporation plans to launch its own tokenized securities infrastructure this October, signaling a shift toward blockchain-based settlement in mainstream finance.
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