Backpack lists SEC-registered shares on crypto exchange for the first time

  • The crypto exchange Backpack becomes the first trading platform to offer real, SEC-registered stocks natively on-chain. This is made possible through a collaboration with the financial technology company Superstate, which integrates its on-chain infrastructure “Opening Bell” into the exchange. The partnership allows eligible non-U.S. users to trade shares of publicly traded companies—with the same North American Securities Identification Numbers (CUSIPs) as on the Nasdaq or NYSE—directly alongside cryptocurrencies and stablecoins.
  • According to a statement exclusively provided to BTC-ECHO in advance, the tokenized shares will be issued through Superstate's registered transfer agent and will provide investors with real ownership, including potential dividend and voting rights. Superstate CEO Robert Leshner emphasized: “With Opening Bell, the same stock traded on the Nasdaq or NYSE can be made available on crypto-native platforms like Backpack.”
  • Armani Ferrante, founder and CEO of Backpack, stated: “By launching Superstate assets on Backpack, we are moving closer to achieving our vision of becoming the leading financial services provider for the crypto-native generation.” The companies plan to announce the integration in the coming weeks with further details on supported assets and timing.
  • The collaboration creates the first trading opportunity for regulated equities on a centralized crypto platform and expands the market for tokenized financial products. Access is initially limited to authorized non-US users and is subject to Backpack's KYC and AML policies.
  • Tokenization promises investors 24/7 access to stocks that are otherwise unavailable. Here you can read how it works, what the advantages are, and what to look out for.

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