Tokenized BP stock surges past $1.42 to hit a new all-time high, as positive tailwinds for on-chain tokenized stocks continue to build.
34 minutes ago
According to HTX market data, Backpack’s platform token BP surged past $1.42 this morning to hit a new all-time high, and is currently trading at $1.297, with a 9.2% gain over the past 24 hours. Fundamentally, BP has been boosted by positive news: the SEC’s approval of limited trading for tokenized stocks on on-chain platforms. On July 10 this year, Backpack announced the launch of a 24/7 real U.S. stock trading market for international investors, where eligible users can trade and hold actual U.S. stocks around the clock rather than synthetic derivatives. Backpack stated that the platform offers actual equity ownership, leverages liquidity from traditional trading venues, and supports instant settlement, continuous price discovery, as well as fiat and stablecoin settlements. For more details, see the report: "Why Did BP Surge Suddenly? Backpack Is Gaining a New Valuation Logic".
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