Backpack Launches Securities Platform Blending Traditional U.S. Stock Trading With Tokenization on June 2

According to The Block, on June 2, Backpack launched Backpack Securities, a new platform offering regulated U.S. stock brokerage services alongside tokenized securities functionality. Users can buy, hold, and sell real U.S. stocks while retaining dividend rights and corporate action benefits under ACATS and DTCC frameworks. Holdings can also be converted into tokenized securities on Solana and other blockchains, enabling 24/7 trading and free transfers.

The platform is partnering with Solana ecosystem protocol Sunrise for tokenization services. Backpack Securities will gradually open brokerage services starting June. The platform was founded by former FTX team members and the team behind Mad Lads NFT, which raised 17 million dollars in Series A funding in 2024.