TechFlow News, June 2, announced that cryptocurrency exchange Backpack has launched Backpack Securities, enabling investors to buy, hold, and sell real equities backed by regulated U.S. securities infrastructure. Investors enjoy dividends, corporate actions, and rights under systems such as ACATS and DTCC. Additionally, holdings can be converted into tokenized securities freely transferable and tradable 24/7 on public blockchains like Solana. Orders are routed directly into U.S. equity market liquidity pools, with execution prices reflecting real-time market prices.
The platform comprises two components: First, a U.S.-regulated broker-dealer and custody service, allowing users to hold U.S. equities directly and receive cash dividends and other traditional brokerage rights tied to corporate actions; Second, a collaboration with Solana-based tokenization protocol Sunrise to convert users’ equities into tokenized securities tradable on-chain.
Backpack stated that these services are expected to roll out progressively starting in June. Initially, tokenized equities will be supported on Solana for wallets, DeFi protocols, and 24/7 trading, with potential future expansion to additional blockchains.
