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Backpack launches Backpack Securities, integrating traditional stocks with tokenized securities trading

DeepFlowTech
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Deep Tide TechFlow news: On June 04, according to The Block, Backpack, a cryptocurrency exchange founded by former FTX employees, launched the Backpack Securities platform, combining traditional stock trading with tokenized stock trading. The platform consists of two interconnected components: first, a U.S.-regulated brokerage and custody platform that grants investors true stock ownership and rights to cash dividends, corporate actions, and integration with systems such as ACATS and DTCC; second, a partnership with the Solana ecosystem tokenization protocol Sunrise that supports users in converting their held stocks into tokenized securities. Initially, users can trade 7×24-hour trading on Solana, and it is compatible with wallets and DeFi protocols; in the future, it plans to expand to more blockchains. Related brokerage services are expected to be rolled out in stages starting from June 2026.
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