Backpack Launches Securities Platform for Stock and Tokenized Trading

SOL-7.57%

According to The Block, cryptocurrency exchange Backpack, founded by former FTX employees, launched Backpack Securities from June 2026. The platform combines traditional stock trading with tokenized securities and features two integrated components: a U.S. regulated brokerage and custody platform offering real stock ownership with dividends and corporate actions, plus tokenized securities through a partnership with Solana ecosystem protocol Sunrise. Users can convert holdings to tokenized form for 24/7 trading on Solana, compatible with wallets and DeFi protocols, with expansion to additional blockchains planned.

The brokerage services will gradually roll out starting June 2026.

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