Backpack Securities tops $584 million in weekly tokenized stock volume

Backpack Securities just posted over $584 million in weekly tokenized stock volume, taking a 63% share of the market. That makes it the busiest tokenized equity issuer among Solana’s DeFi traders again. It also does so while trailing its main rival, xStocks, on both liquidity and onchain supply. The details Backpack’s latest numbers put it in command of over 62% of weekly volume across tokenized equity markets. The precise figure for the week came in at 63%, on more than $584 million in trading. The interesting part is the gap between supply and activity. xStocks holds more tokenized stock onchain and offers deeper liquidity. Backpack’s tokens are simply the ones changing hands most often. The gap has been there for a while. In July 2026, Backpack captured a 73% issuer-level market share on $1.06 billion in trading volume. At the time, it owned approximately 5% of total tokenized stock supply. In one recent week, Backpack added $193.3 million in DEX volume, though the issuer has repeatedly held stretches of more than 60% volume dominance. Since launching its tokenized equities program on June 12, 2026, Backpack-issued assets have racked up cumulative onchain volume of more than $5....