Backpack launches a securities platform aimed at connecting traditional asset markets and digital asset markets

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Deep Tide TechFlow News, June 2nd, Cryptocurrency exchange Backpack announced the launch of Backpack Securities, allowing investors to buy, hold, and sell real stocks supported by regulated U.S. securities infrastructure through the platform, enjoying dividends, corporate actions, and rights under systems like ACATS and DTCC. At the same time, holdings can be converted into tokenized securities that are freely transferable and tradable 24/7 on public blockchains such as Solana. Orders directly enter the liquidity pool of the U.S. stock market, with transaction prices reflecting real market prices.

The platform consists of two parts: first, a U.S.-regulated broker and custody service that allows users to genuinely hold U.S. stocks and enjoy traditional broker rights such as cash dividends and corporate actions; second, a partnership with Solana's tokenization protocol Sunrise to convert user-held stocks into tokenized securities that can circulate on-chain.

Backpack stated that the related services are expected to be gradually launched starting in June. The tokenized stocks will initially support wallets, DeFi protocols, and 24/7 trading on Solana, with potential future expansion to more blockchains.

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