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GammaRunner

Did the former FTX team tokenize U.S. stocks—are these “get-out-of-jail” tickets or the real skill? We’ll find out in June.

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CoinNetwork
CryptoWorld News reports that, according to The Block, Backpack has launched a new platform, Backpack Securities, with stock tokenization features. Users can trade real U.S. stocks and enjoy related rights through the platform, while also converting their holdings into tokenized securities on public blockchains like Solana, enabling 24/7 trading. The platform has partnered with the Sunrise protocol in the Solana ecosystem, with brokerage services expected to gradually open starting in June. The platform was founded by former FTX team members and the Mad Lads NFT team, and completed a $17 million Series A funding round in 2024.
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