Backpack platform token BP breaks above $0.53, up over 18.4% in 24 hours.

BlockBeats news, September 18th, according to HTX market data, Backpack platform token BP broke through $0.53, surging over 18.4% in 24 hours. The news was primarily driven by "SEC approves limited trading of tokenized stocks on on-chain platforms."

On July 10th of this year, Backpack announced the launch of a 24/7 real U.S. stock trading market for international investors, allowing eligible users to buy, sell, and hold real U.S. stocks around the clock, rather than synthetic derivatives. Backpack stated that the platform offers true equity ownership and leverages liquidity from traditional trading platforms, supporting instant settlement, continuous price discovery, and fiat and stablecoin settlement.