Backpack Expands Tokenized U.S. Stock Trading Amid Regulatory Shift

Backpack is positioning itself as a leader in tokenizing U.S. capital markets, following the success of its SpaceX stock tokenization, which saw over 1 billion dollars in volume in its first month. This trend mirrors the global adoption of USD-backed stablecoins like USDT and USDC. Recent U.S. regulatory developments, including the Genius Act and SEC initiatives to allow blockchain-based stock ownership records, are facilitating the expansion of U.S. financial infrastructure into digital markets.