The cryptocurrency exchange Backpack has announced the launch of trading tokenized US stocks registered with the SEC on its own platform through integration with Superstate.
This is reported by Finway
Innovative Stock Trading via Blockchain
Backpack will be the first centralized exchange to add real American stocks with CUSIP identifiers to the blockchain. The project is being implemented in partnership with Superstate — a platform created by Robert Leshner, founder of Compound. Using blockchain infrastructure, users from countries outside the US will gain access to trading these stocks without traditional broker intermediaries.
“Real stocks. On Solana. Backpack will be the first CEX exchange to list SEC-registered stocks on-chain. Coming soon 🎒 https://t.co/mgu32gwrne”
The Opening Bell platform from Superstate will be integrated into Backpack, allowing traders to buy, sell, and use tokenized stocks as collateral with flexible margin conditions. All tokenized securities will be issued in accordance with US securities laws, providing investors with the same rights as traditional stocks on the Nasdaq and NYSE.
Benefits of Tokenization for the Market and Users
Superstate and Backpack emphasize that this is not about synthetic assets or derivatives, but about real stocks that can be stored and transferred on the blockchain. This allows investors to avoid unnecessary intermediaries and gain direct access to exchange instruments.
“For traders, this means more assets to buy, sell, and use as collateral — with more flexible margin options. He added that this format also opens up direct access for issuers to millions of crypto-native investors and to a new infrastructure for digital capital markets,” noted Robert Leshner.
Mikel Ayala, Director of Development in Europe for Backpack, emphasized that the tokenization of stocks reflects the inevitable changes in financial markets, as blockchain eliminates the risks associated with traditional capital market infrastructure, making processes more transparent and efficient.
Interest in the tokenization of traditional assets is growing. Companies such as Robinhood, Gemini, Ondo Finance, and Kraken have already presented their solutions in this area through Backed Finance. All of them aim to combine the transparency, speed, and security of blockchain with financial instruments.
Backpack was founded by Armani Ferrante, who integrated the exchange into the Solana ecosystem and acquired the European division of FTX. Since 2023, the company has been actively developing regulated infrastructure, obtaining a virtual asset service provider license in Dubai and launching a derivatives trading platform in the EU under the supervision of the Cypriot regulator in accordance with MiFID II.