Backpack launches securities platform blending traditional and tokenized stock trading
Backpack Securities combines a U.S.-regulated brokerage for traditional equities ownership with a tokenization platform.
➤ Backpack Securities has launched a platform that merges traditional U.S. stock brokerage with tokenized versions of those stocks, enabling on-chain transferability. ➤ The platform allows users to own real stocks with full rights, including dividends and corporate actions, while also converting them into tokens compatible with blockchain networks like Solana. ➤ This initiative, in partnership with Sunrise protocol, aims to provide greater market flexibility, wider trading hours, and integration with DeFi, with services rolling out starting in June.