
Backpack Enters 24/7 Tokenized Equities Market Race
Backpack has officially joined the push for 24/7 stock markets by launching tokenized equities, aligning with a rapidly growing crypto sector.

Backpack has officially joined the push for 24/7 stock markets by launching tokenized equities, aligning with a rapidly growing crypto sector.

Pantera Capital suggests that Hyperliquid's blockchain infrastructure is enabling perpetual futures to challenge Wall Street by offering 24/7 trading of traditional assets.

Tokenized stock transfers soared by **105%** in a single month, reaching **$8.4 billion** as crypto and traditional finance expand initiatives.

BNY Mellon has integrated USDC minting and redemption services into its institutional custody platform, deepening its partnership with Circle.

Cboe has launched its first prediction market product tied to the S&P 500 index, driven by growing demand for binary options contracts.

Financial giant Charles Schwab is reportedly planning to enter the burgeoning prediction market space, initially offering simple S&P 500 bets.

Concerns over a traditional preferred stock are driving a downturn in the crypto market, with smart-contract and DeFi coins leading losses and Bitcoin seeing a four-day decline.

Coinbase is deepening its integration into traditional finance by enabling users to transfer their existing stock portfolios directly to the platform.

SpaceX shares are set to be tokenized on the Solana blockchain, enabling a seamless bridge between traditional brokerage accounts and digital asset markets upon its Nasdaq listing.
Traditional financial institutions are rapidly integrating cryptocurrency products and actively acquiring Bitcoin, signaling a major shift in global finance.

Major financial institutions are increasingly exploring blockchain technology, but widespread adoption of decentralized finance remains hampered by security vulnerabilities.

Franklin Templeton's CEO, Jenny Johnson, states that blockchain and crypto fundamentally threaten numerous traditional financial business models.