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Backpack Launches Regulated Stock Brokerage With Tokenization on Solana

Backpack Securities combines regulated US stock brokerage with tokenization on Solana. The first tokenized securities launch via Sunrise, backed 1:1 by real shares.

SOLANA·HUB Editorial · ·
Source: Backpack Press

What Backpack Announced

Backpack has unveiled Backpack Securities — a platform that combines regulated US stock brokerage with on-chain tokenization. According to the announcement, users can buy, hold, and sell real stocks through established US securities infrastructure and then tokenize them.

Update (June 9, 2026): Public Beta Launched

Backpack has launched the public beta of the integrated account. According to Backpack, it lets users trade real US stocks and ETFs alongside crypto, perpetuals, and yield in a single account. Key points:

  • Real ownership of the stocks and ETFs under the law of the US state of New York; cash dividends, brokerage transfers, and corporate actions are rolling out during the beta.
  • Trading hours: 24/5 for real US stocks and ETFs, plus 24/7 on-chain tokenization on Solana via the partnership with Sunrise.

This remains reporting, not investment advice; regulated brokerage is subject to different oversight depending on the country.

Update (July 11, 2026): 24/7 Trading for Real US Equities

Backpack says it has launched the first 24/7 market for real US equities — international investors can trade select names around the clock, seven days a week. This extends the previously stated 24/5 trading hours. Key points:

  • First names: SpaceX (SPCX), Micron (MU), and SanDisk (SNDK); more are expected to follow.
  • Real securities: these are real shares held in US custody, each backed 1:1; holders are eligible for dividends and corporate actions — unlike purely synthetic stock products.
  • No order book, no commission: according to Backpack, there is no separate brokerage login, no order book, and no commission.
  • Context: outside regular market hours, liquidity and spreads can differ; availability depends on jurisdiction. This is reporting, not investment advice.

How It Works

  • Regulated brokerage: investors receive real ownership rights comparable to traditional broker-dealers, including eligibility for cash dividends and corporate actions. The platform uses established rails such as ACATS and DTCC.
  • Tokenization via Sunrise: the partner Sunrise creates blockchain representations of the securities; each tokenized security corresponds 1:1 to a real share held in custody.
  • Two-way bridge: investors can convert traditional security entitlements into tokenized securities and back again.

Solana Connection

The first tokenized securities launch, per the announcement, on Solana, bringing native liquidity to the Solana ecosystem. For how tokenized stocks on Solana work in general, see: Tokenized stocks (xStocks) on Solana.

Context

  • The brokerage rollout begins, per the announcement, in June 2026, focusing initially on the United States.
  • Backpack is a crypto exchange founded by former FTX employees.
  • Brokerage is subject to regulatory oversight; tokenized versions carry additional transfer and DeFi risks. This is reporting, not investment advice.

What to Watch

  • Which securities are tokenized first and in which jurisdictions the platform is available
  • How Backpack’s tokenized securities relate to existing offerings such as xStocks

Sources

#backpack #tokenized-equities #rwa #sunrise #defi

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