Backpack is set to launch the Backpack Securities brokerage platform, bridging traditional securities and on-chain finance.

June 2nd Update: Cryptocurrency exchange Backpack announced today it will officially launch its securities platform—Backpack Securities—within the coming week. Positioned as a modern brokerage that bridges traditional finance (TradFi) and crypto finance, the platform integrates three core capabilities: verified real securities ownership, on-chain tokenized asset issuance, and unified capital management, all built to deliver a seamless investment experience for users moving between traditional stocks and blockchain-based assets. Per the announcement, Backpack Securities will let users hold actual U.S. securities (including stocks and ETFs) through regulated U.S. market infrastructure, granting full legal rights such as cash dividends and access to corporate actions. It also supports tokenizing these assets: users can transfer and manage tokenized versions on the blockchain 24/7, and convert bidirectionally between traditional securities and on-chain assets via the Backpack exchange. The first batch of tokenized securities will launch on the Solana network, in partnership with Sunrise to enable on-chain liquidity. Backpack founder Armani Ferrante noted that as crypto regulatory clarity gradually emerges, security tokenization accelerates, and stablecoins plus on-chain financial infrastructure mature, the integration of traditional and crypto finance is entering a new phase. The company aims to unify stocks, crypto assets, stablecoins, lending, staking, derivatives, and more into a single account and collateral system, to build a next-generation financial system that combines the strengths of traditional finance and blockchain technology.