Cryptocurrency exchange Backpack, founded by former FTX employees, launches Backpack Securities, attempting to combine traditional stock trading with tokenized stocks. The platform consists of two parts: one is a US-regulated broker and custody service that allows users to genuinely hold US stocks and enjoy traditional broker rights such as cash dividends and corporate actions; the other is a partnership with Solana's tokenization protocol Sunrise to convert users' held stocks into on-chain tradable tokenized securities. Backpack states that the related services are expected to be launched gradually starting in June, with tokenized stocks initially supporting wallets, DeFi protocols, and 24/7 trading on Solana, with potential future expansion to more blockchains. (The Block)

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GateUser-4cc35c5c
· 1h ago
Initially only Solana, multi-chain is the ultimate goal, right?
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AirdropLunchbox
· 12h ago
How to distribute cash dividends on-chain, curious about the technical details
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GasFeesForNightRuns
· 06-02 14:15
Can DeFi protocols now connect to stocks? The potential is opening up.
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GateUser-c44b371b
· 06-02 13:57
Real ownership + on-chain circulation, playing the dual-track system quite elaborately
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SugarMarketMaker
· 06-02 13:29
Launching in June, just marking it now to see if it will be delayed.
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MintLaterMaybe
· 06-02 13:29
I haven't heard of the Sunrise protocol. Can someone give a brief explanation?
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GateUser-8947c5ff
· 06-02 13:29
Being regulated by the United States is the key, otherwise it's just a makeshift approach.
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MintLiquidationWarning
· 06-02 13:29
The name Backpack sounds like it can carry a lot.
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SlippageSamurai
· 06-02 13:29
Trade US stocks 24/7, finally no need to wait for the market to open
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PurpleMistColdWallet
· 06-02 13:29
Is the gas fee low enough to run stock tokens on Solana?
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