TechFlow News: On June 13, within the first 24 hours of SpaceX’s Nasdaq listing, the $SPCX token issued by Backpack Securities achieved over $35 million in trading volume—leading all tokenized stock trading volumes on Solana and exceeding the next $SPCX competitor’s volume by more than fivefold. Its liquidity ranked second among all tokenized stocks.
Armani Ferrante, CEO of Backpack, stated that liquidity is concentrated on Backpack’s tokenized stocks because it is the only platform enabling round-trip trading between Solana and Nasdaq, allowing purchases and sales via brokerage accounts and permitting redemption of underlying securities.
Backpack Securities, launched by Backpack, aims to integrate traditional stock trading with tokenized stock trading, fostering coexistence of real stocks across brokerage and on-chain environments and supporting 7×24 real U.S. equity trading. The $SPCX token is pegged to actual SpaceX shares; users can deposit and withdraw on-chain shares into Backpack Securities and transfer them to U.S.-based brokerages such as IBKR.
