Backpack is about to launch Backpack Securities, a securities brokerage platform that will bridge traditional securities and on-chain finance.

Mars Finance reported on June 2nd that crypto trading platform Backpack announced the official launch of its securities platform, Backpack Securities, within the next week. Positioned as a new type of securities brokerage service connecting traditional and crypto finance, the platform integrates three core capabilities: real securities ownership, on-chain tokenization, and unified capital management. It aims to provide users with a seamless investment experience connecting traditional stocks and blockchain assets. According to reports, Backpack Securities will allow users to directly hold real securities assets such as stocks and ETFs through the US securities market infrastructure, enjoying legal rights such as cash dividends and corporate actions. Simultaneously, the platform supports the tokenization of securities assets, allowing users to transfer and manage tokenized stocks 24/7 on-chain, and achieve two-way conversion between traditional securities and on-chain securities assets through the Backpack exchange. The first batch of tokenized securities will be issued on the Solana network, with on-chain liquidity provided in partnership with Sunrise. Backpack founder Armani Ferrante stated that with the regulatory environment gradually becoming clearer, the trend of securities tokenization accelerating, and stablecoins and on-chain financial infrastructure maturing, the integration of traditional and crypto finance is entering a new phase. The company hopes to integrate stocks, crypto assets, stablecoins, lending, staking, and derivatives into a single capital framework through a unified account and collateral system, thereby promoting the construction of a new generation of financial system that combines the advantages of traditional finance and blockchain.