TechFlow news, October 15 — Backpack.exchange has partnered with fintech company Superstate to become the world's first centralized cryptocurrency exchange supporting native on-chain stock trading. By integrating Superstate's Opening Bell platform, Backpack users will be able to trade SEC-registered public company stocks alongside cryptocurrencies and stablecoins—all within the same platform.
These tokenized stocks are issuer-backed, carry the same CUSIP identifiers as those listed on Nasdaq or the New York Stock Exchange, and grant investors direct ownership rights, dividends, and voting rights. This collaboration establishes a new model for integrating traditional finance with crypto markets, laying the foundation for DeFi interoperability.
Armani Ferrante, founder of Backpack, said this move will help position the platform as the go-to financial services platform for crypto-native generations. The first set of supported tokenized stocks and their launch timeline will be announced in the coming weeks. Backpack currently operates in over 150 countries and regions and has recorded over $239 billion in trading volume since launching in 2024.
