Backpack is about to launch the securities brokerage platform Backpack Securities, connecting traditional securities with on-chain finance

BlockBeats News, June 2 — The cryptocurrency trading platform Backpack announced that it will officially launch its securities business platform, Backpack Securities, within the next week. The platform is positioned as a new type of securities brokerage service connecting traditional finance and crypto finance, integrating three core capabilities: real securities ownership, on-chain tokenized issuance, and unified capital management. It aims to provide users with a seamless investment experience bridging traditional stocks and blockchain assets.

According to reports, Backpack Securities will allow users to directly hold real securities assets such as stocks and ETFs through the infrastructure of the U.S. securities market, and enjoy legal rights such as cash dividends and corporate actions. At the same time, the platform supports securities asset tokenization, enabling users to transfer and manage tokenized stocks on-chain 24 hours a day, and achieve bidirectional conversion between traditional securities and on-chain securities assets through the Backpack exchange. The first batch of tokenized securities will be issued on the Solana network and will collaborate with Sunrise to provide on-chain liquidity.

Backpack founder Armani Ferrante stated that as the regulatory environment gradually clarifies, the trend of securities tokenization accelerates, and stablecoins and on-chain financial infrastructure continue to mature, the integration of traditional finance and crypto finance is entering a new stage. The company hopes to unify accounts and collateral systems to incorporate stocks, crypto assets, stablecoins, lending, staking, and derivatives into the same capital framework, promoting the construction of a new generation of financial systems that combine the advantages of traditional finance and blockchain.