Backpack launches Backpack Securities, a new platform integrating traditional and on-chain stock trading.

CoinFeed reported on June 2nd that Backpack Securities, a new platform under Backpack, has launched, offering regulated US stock brokerage services and stock tokenization capabilities. Users can buy, hold, and sell real US stocks through the platform, enjoying dividends, corporate actions, and rights under systems such as ACATS and DTCC. Simultaneously, holdings can be converted into freely transferable, 24/7 tradable tokenized securities on public blockchains like Solana. Backpack currently partners with Sunrise, the tokenization protocol within the Solana ecosystem, and related brokerage services are expected to be rolled out gradually starting in June. The platform was founded by the former FTX team and the team behind Mad Lads NFT, and completed a $17 million Series A funding round in 2024.