Backpack challenges Wall Street with 24/7 tokenized US stocks
first published 2026-07-10T16:09:51Z
Backpack CEO Armani Ferrante said the crypto-native brokerage is now offering international investors around-the-clock trading of genuine U.S. stock ownership via security entitlements, not synthetic derivatives. The initial names include Micron, SanDisk and SpaceX, with Micron noted for 346% year-over-year revenue growth and strong guidance tied to AI memory demand.
AI Analysis
The article describes a live product launch that expands access to real U.S. equities, which is a concrete brokerage development. It also highlights Micron’s strong revenue growth and guidance, but the focus is on equities access rather than a direct crypto asset catalyst.
Expected Investor Sentiment: Neutral
Potential Market Impact: Significant
Source Articles
- Crypto Brokerage CEO: “We’re Going Live Today With 24/7 Trading of Real U.S. Equities” Starting With Micron, SanDisk and SpaceX - Yahoo Finance
- Backpack joins race for 24/7 stock markets with tokenized equities - Cointelegraph
- Backpack challenges Wall Street with 24/7 tokenized US stocks - Crypto News
