BlockBeats News, June 2nd - Cryptocurrency exchange platform Backpack announced that it will officially launch the securities business platform Backpack Securities within the next week. The platform is positioned as a new type of securities brokerage service that connects traditional finance with crypto finance. It integrates three core capabilities: real security ownership, on-chain tokenization issuance, and unified capital management, aiming to provide users with a seamless investment experience between traditional stocks and blockchain assets.

According to the announcement, Backpack Securities will allow users to directly hold real securities such as stocks and ETFs through the U.S. securities market infrastructure, and enjoy legal rights such as cash dividends and corporate actions. At the same time, the platform supports security asset tokenization, where users can transfer and manage tokenized stocks on-chain 24/7, and achieve bi-directional conversion between traditional securities and on-chain security assets through the Backpack exchange. The first batch of tokenized securities will be issued on the Solana network and will collaborate with Sunrise to provide on-chain liquidity.

Backpack's founder, Armani Ferrante, stated that with the regulatory environment gradually clarifying, the trend of security tokenization accelerating, and stablecoins and on-chain financial infrastructure continuously maturing, the integration of traditional finance and crypto finance is entering a new stage. The company hopes to integrate stocks, crypto assets, stablecoins, lending, staking, derivatives, and more into a unified account and collateral system, driving the construction of a new generation financial system that combines the advantages of traditional finance and blockchain.